Lilium (NASDAQ:LILM) Receives “Buy” Rating from Canaccord Genuity Group

Canaccord Genuity Group reaffirmed their buy rating on shares of Lilium (NASDAQ:LILM) in a research note issued to investors on Thursday, Benzinga reports. Canaccord Genuity Group currently has a $2.00 price objective on the stock.

Lilium Price Performance

Lilium stock opened at $0.81 on Thursday. The firm’s 50 day simple moving average is $0.95 and its 200-day simple moving average is $0.97. Lilium has a fifty-two week low of $0.60 and a fifty-two week high of $1.90.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Virtu Financial LLC purchased a new position in Lilium during the first quarter valued at approximately $32,000. Tower Research Capital LLC TRC purchased a new position in Lilium during the fourth quarter valued at approximately $33,000. Freestone Capital Holdings LLC purchased a new position in Lilium during the first quarter valued at approximately $55,000. Quadrature Capital Ltd purchased a new position in Lilium during the fourth quarter valued at approximately $280,000. Finally, NewEdge Wealth LLC purchased a new position in Lilium during the fourth quarter valued at approximately $289,000. 8.30% of the stock is owned by hedge funds and other institutional investors.

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.