Canaccord Genuity Group Cuts Lilium (NASDAQ:LILM) Price Target to $1.85

Lilium (NASDAQ:LILM) had its price target reduced by Canaccord Genuity Group from $2.00 to $1.85 in a report published on Wednesday, Benzinga reports. They currently have a buy rating on the stock.

Separately, Cantor Fitzgerald reiterated an overweight rating and set a $2.00 price target on shares of Lilium in a research note on Monday, September 30th.

Lilium Price Performance

LILM stock opened at $0.79 on Wednesday. The business has a 50 day simple moving average of $0.76 and a 200-day simple moving average of $0.87. Lilium has a twelve month low of $0.60 and a twelve month high of $1.41.

Institutional Trading of Lilium

A number of hedge funds have recently added to or reduced their stakes in LILM. XTX Topco Ltd purchased a new position in Lilium during the 2nd quarter worth $25,000. Warberg Asset Management LLC acquired a new position in shares of Lilium during the second quarter worth about $27,000. Financial Designs Corp acquired a new position in shares of Lilium during the second quarter worth about $32,000. Virtu Financial LLC purchased a new position in Lilium during the first quarter worth about $32,000. Finally, Freestone Capital Holdings LLC acquired a new stake in Lilium in the first quarter valued at about $55,000. 8.30% of the stock is owned by institutional investors and hedge funds.

Lilium Company Profile

Lilium N.V. engages in the research and development of electric vertical takeoff and landing aircrafts and jet for use in high-speed air transport system for people and goods. It also provides aircraft manufacturer services, including training services, maintenance operations, material management and global distribution, flight operations support, ground service equipment, and digital solutions.