Lilium (NASDAQ:LILM) Earns “Overweight” Rating from Cantor Fitzgerald

Cantor Fitzgerald restated their overweight rating on shares of Lilium (NASDAQ:LILM) in a research note released on Tuesday, Benzinga reports. They currently have a $2.00 price target on the stock.

Separately, Canaccord Genuity Group reissued a buy rating and issued a $2.00 price target on shares of Lilium in a report on Thursday, June 27th.

Lilium Price Performance

Shares of NASDAQ:LILM opened at $0.67 on Tuesday. The company’s 50-day moving average is $0.82 and its 200 day moving average is $0.90. Lilium has a fifty-two week low of $0.60 and a fifty-two week high of $1.41.

Institutional Investors Weigh In On Lilium

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. XTX Topco Ltd bought a new stake in Lilium in the 2nd quarter valued at about $25,000. Virtu Financial LLC bought a new stake in Lilium in the 1st quarter valued at about $32,000. Warberg Asset Management LLC bought a new stake in Lilium in the 2nd quarter valued at about $27,000. Financial Designs Corp bought a new stake in Lilium in the 2nd quarter valued at about $32,000. Finally, Freestone Capital Holdings LLC bought a new stake in Lilium in the 1st quarter valued at about $55,000. 8.30% of the stock is currently owned by institutional investors.

About Lilium

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.