Cantor Fitzgerald Lowers Lilium (NASDAQ:LILM) to Neutral

Cantor Fitzgerald lowered shares of Lilium (NASDAQ:LILM) from an overweight rating to a neutral rating in a research report released on Friday, MarketBeat Ratings reports. Cantor Fitzgerald currently has $1.00 price target on the stock, down from their previous price target of $2.00.

Separately, Canaccord Genuity Group reissued a “hold” rating and issued a $0.70 target price (down from $1.85) on shares of Lilium in a research report on Thursday, October 17th.

Lilium Stock Up 2.5 %

NASDAQ LILM opened at $0.50 on Friday. The firm’s fifty day moving average price is $0.74 and its 200 day moving average price is $0.85. Lilium has a 12 month low of $0.46 and a 12 month high of $1.41.

Institutional Trading of Lilium

Large investors have recently bought and sold shares of the business. XTX Topco Ltd acquired a new position in Lilium in the second quarter valued at $25,000. Virtu Financial LLC purchased a new position in shares of Lilium during the first quarter worth about $32,000. Warberg Asset Management LLC acquired a new position in Lilium in the 2nd quarter valued at about $27,000. Financial Designs Corp purchased a new stake in Lilium during the 2nd quarter valued at approximately $32,000. Finally, Freestone Capital Holdings LLC acquired a new stake in Lilium during the 1st quarter worth approximately $55,000. Institutional investors and hedge funds own 8.30% of the company’s stock.

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.