Canaccord Genuity Group began coverage on shares of Lilium (NASDAQ:LILM - Get Rating) in a research report issued to clients and investors on Friday, Briefing.com reports. The brokerage set a "hold" rating and a $1.20 price target on the stock. Canaccord Genuity Group's target price points to a potential upside of 10.09% from the stock's previous close.
Separately, Citigroup started coverage on Lilium in a research note on Tuesday, March 14th. They issued a "neutral" rating and a $1.00 price target on the stock. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $2.55.
Lilium Trading Up 0.9 %
Shares of LILM opened at $1.09 on Friday. Lilium has a one year low of $0.37 and a one year high of $3.30. The stock has a 50 day moving average price of $0.79 and a 200 day moving average price of $1.02.
Institutional Trading of Lilium
A number of institutional investors have recently bought and sold shares of LILM. Advisor Group Holdings Inc. raised its holdings in shares of Lilium by 126.2% in the first quarter. Advisor Group Holdings Inc. now owns 24,775 shares of the company's stock worth $98,000 after acquiring an additional 13,820 shares during the last quarter. Allianz Asset Management GmbH raised its holdings in shares of Lilium by 96.4% in the first quarter. Allianz Asset Management GmbH now owns 3,120,711 shares of the company's stock worth $12,420,000 after acquiring an additional 1,531,711 shares during the last quarter. UBS Group AG raised its holdings in shares of Lilium by 250.5% in the first quarter. UBS Group AG now owns 19,556 shares of the company's stock worth $78,000 after acquiring an additional 13,977 shares during the last quarter. Invesco Ltd. raised its holdings in shares of Lilium by 1,114.0% in the first quarter. Invesco Ltd. now owns 5,231,916 shares of the company's stock worth $20,823,000 after acquiring an additional 4,800,934 shares during the last quarter. Finally, Goldman Sachs Group Inc. acquired a new position in shares of Lilium in the first quarter worth $106,000. 12.19% of the stock is currently owned by hedge funds and other institutional investors.
Lilium N.V., a transportation company, engages in the research and development of electric vertical takeoff and landing aircrafts for use in high-speed air transport system for people and goods. Lilium N.V. was incorporated in 2015 and is headquartered in Wessling, Germany.
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