As stated in an article published by The Fly on Tuesday, Piper Sandler decreased its price objective for Lilium (NASDAQ: LILM) from $15.00 to $10.00 in a research report distributed to customers and investors. Piper Sandler had established a target price for the stock, and as of the most recent market close, the stock’s price had fallen to a 331.03% lower than that price. Separately, on the 27th of July, Raymond James published a report announcing they had begun covering shares of Lilium.
They gave the stock a rating of “market performs” for its performance. All five research specialists gave the store a hold rating, but only two recommended buying the stock. According to Bloomberg, the stock has been given an average “Hold” rating, and the price objective has been established at $10.77 for the shares. Trading of LILM stock got underway on Tuesday for $2.32 per share. The moving average for the firm over the previous fifty days is $2.68, while the moving average for the company over the last two hundred days is $3.12.
The share price of Lilium reached a high of $11.66 over its most recent 52-week period, while it hit a low of $2.16 during that same period. Recently, several hedge funds and other forms of institutional investors have modified the amount of LILM they are now holding in their portfolios. Mitsubishi UFJ Trust & Banking Corporation spent $1,597,000 during the last three months of 2018 to acquire a new investment in Lilium. The recent interest in Lilium shares that Evoke Wealth LLC purchased during the fourth quarter had a value of $36,000, as measured by the dollar amount of such a claim.
During the final three months of 2018, Qube Research and Technologies Ltd. provided Lilium with funding for 174,000 USD. During the last three months of 2018, Allianz Asset Management GmbH completed a 5.7% rise in the proportion of Lilium shares it owned. Allianz Asset Management GmbH now has 1,589,000 shares in the company following the acquisition of an additional 85,802 in the most recent quarter. Each share of the company’s stock is currently valued at $11,012,000. In the fourth and final quarter of 2018, Kepos Capital L.P. completed a 77.2% increase in the size of its shares in Lilium.
This is by no means the least important development. The most recent acquisition of 20,000 additional shares brought the total number of shares owned by Kepos Capital L.P. in the firm up to 45,900, which has a value of $318,000 as of the end of the most recent quarter. Shares of the company are held by institutional investors and hedge funds at 12.19 percent. Lilium N.V. is a company that researches and develops electric jet and vertical takeoff aircraft intending to use these types of aircraft in high-speed transportation networks that carry passengers and cargo. The company’s name comes from the Dutch word for lily.
The corporation places a high premium on its working relationship with Azul S.A. and Azul Linhas Aereas Brasileiras S.A. Lilium N.V. started doing business in 2015. Its headquarters are now in Wessling, Germany.