JPMorgan Chase & Co. Lowers EVe Mobility Acquisition (NYSE:EVE) Price Target to $5.00

EVe Mobility Acquisition (NYSE:EVE) had its price objective lowered by JPMorgan Chase & Co. from $5.50 to $5.00 in a research report sent to investors on Tuesday morning,Benzinga reports. The brokerage currently has an overweight rating on the stock.

EVe Mobility Acquisition Price Performance

NYSE EVE opened at $11.30 on Tuesday. The stock has a 50-day moving average of $11.12 and a 200 day moving average of $11.08. EVe Mobility Acquisition has a twelve month low of $10.63 and a twelve month high of $12.03.

Institutional Investors Weigh In On EVe Mobility Acquisition

Large investors have recently bought and sold shares of the company. Virtu Financial LLC purchased a new stake in shares of EVe Mobility Acquisition during the first quarter worth approximately $237,000. Mizuho Securities USA LLC purchased a new position in EVe Mobility Acquisition in the 1st quarter worth approximately $757,000. Periscope Capital Inc. boosted its holdings in shares of EVe Mobility Acquisition by 41.9% during the 1st quarter. Periscope Capital Inc. now owns 363,166 shares of the company’s stock worth $3,975,000 after purchasing an additional 107,296 shares during the last quarter. Finally, Berkley W R Corp grew its position in shares of EVe Mobility Acquisition by 15.9% in the second quarter. Berkley W R Corp now owns 902,147 shares of the company’s stock valued at $10,023,000 after purchasing an additional 123,975 shares in the last quarter.

About EVe Mobility Acquisition

EVe Mobility Acquisition Corp does not have significant operations. The company focuses on effectuating a merger, share exchange, asset acquisition, share purchase, reorganization, or other similar business combination with one or more businesses. It intends to focus on the automotive and mobility industry.