China Renaissance started coverage on shares of EHang (NASDAQ:EH – Free Report) in a research report sent to investors on Tuesday morning, Marketbeat reports. The brokerage issued a buy rating on the stock.
Separately, UBS Group initiated coverage on EHang in a research note on Wednesday, August 28th. They set a buy rating and a $22.00 price objective for the company.
Get Our Latest Stock Report on EHang
EHang Stock Up 12.5 %
EHang (NASDAQ:EH – Get Free Report) last posted its quarterly earnings results on Thursday, August 22nd. The company reported ($0.14) earnings per share (EPS) for the quarter. EHang had a negative net margin of 110.21% and a negative return on equity of 84.09%. The firm had revenue of $14.04 million during the quarter. During the same quarter last year, the company posted ($0.18) EPS. On average, analysts anticipate that EHang will post -0.41 EPS for the current year.
Institutional Trading of EHang
Large investors have recently made changes to their positions in the company. Jump Financial LLC acquired a new position in shares of EHang in the 4th quarter valued at approximately $177,000. Aigen Investment Management LP bought a new stake in shares of EHang during the fourth quarter worth $180,000. Carmignac Gestion increased its position in shares of EHang by 1.3% during the fourth quarter. Carmignac Gestion now owns 1,893,323 shares of the company’s stock worth $31,813,000 after acquiring an additional 24,113 shares in the last quarter. AdvisorShares Investments LLC bought a new stake in EHang in the 4th quarter valued at $388,000. Finally, Quadrature Capital Ltd boosted its stake in EHang by 39.4% in the 4th quarter. Quadrature Capital Ltd now owns 76,970 shares of the company’s stock worth $1,294,000 after purchasing an additional 21,772 shares during the period. Institutional investors own 94.03% of the company’s stock.
About EHang
EHang Holdings Limited operates as an autonomous aerial vehicle (AAV) technology platform company in the People's Republic of China, East Asia, West Asia, Europe, and internationally. It designs, develops, manufactures, sells, and operates AAVs, as well as their supporting systems and infrastructure for various industries and applications, including passenger transportation, logistics, smart city management, and aerial media solutions.
See Also
- Five stocks we like better than EHang
- How to Use the MarketBeat Excel Dividend Calculator
- Biohaven Stock Soars on Drug Trial Results: Time to Jump In?
- Stock Trading Terms – Stock Terms Every Investor Needs to Know
- Is AMD a Legitimate Threat to NVIDIA? What Investors Should Watch
- Using the MarketBeat Dividend Yield Calculator
- Novo Nordisk’s Setback Won’t Last: A Game-Changing Drug Emerges
Receive News & Ratings for EHang Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for EHang and related companies with MarketBeat.com's FREE daily email newsletter.