Cantor Fitzgerald Reiterates Overweight Rating for Lilium (NASDAQ:LILM)

Cantor Fitzgerald reissued their overweight rating on shares of Lilium (NASDAQ:LILM) in a research report report published on Monday, Benzinga reports. The firm currently has a $2.00 price target on the stock.

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

Lilium Stock Up 2.4 %

Shares of LILM stock opened at $0.75 on Monday. Lilium has a 52-week low of $0.60 and a 52-week high of $1.41. The company has a 50-day simple moving average of $0.78 and a two-hundred day simple moving average of $0.88.

Hedge Funds Weigh In On Lilium

Institutional investors have recently added to or reduced their stakes in the stock. XTX Topco Ltd purchased a new position in Lilium in the second quarter valued at approximately $25,000. Warberg Asset Management LLC bought a new stake in Lilium in the 2nd quarter valued at about $27,000. Financial Designs Corp purchased a new stake in Lilium during the second quarter valued at about $32,000. Virtu Financial LLC purchased a new position in shares of Lilium in the first quarter worth about $32,000. Finally, Freestone Capital Holdings LLC purchased a new position in shares of Lilium in the first quarter worth about $55,000. Institutional investors own 8.30% of the company’s stock.

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.