Warberg Asset Management LLC Acquires Shares of 33,500 Lilium (NASDAQ:LILM)

Warberg Asset Management LLC bought a new position in shares of Lilium (NASDAQ:LILM) in the second quarter, Holdings Channel reports. The fund bought 33,500 shares of the company’s stock, valued at approximately $27,000.

A number of other institutional investors also recently modified their holdings of the business. Longitude Cayman Ltd. increased its position in Lilium by 12.2% during the second quarter. Longitude Cayman Ltd. now owns 1,514,672 shares of the company’s stock worth $1,204,000 after acquiring an additional 164,672 shares during the period. RS Crum Inc. bought a new position in shares of Lilium during the second quarter worth approximately $328,000. Quadrature Capital Ltd bought a new position in shares of Lilium during the fourth quarter worth approximately $280,000. Freestone Capital Holdings LLC acquired a new stake in shares of Lilium in the first quarter valued at approximately $55,000. Finally, Financial Designs Corp bought a new stake in shares of Lilium in the second quarter valued at approximately $32,000. Institutional investors own 8.30% of the company’s stock.

Lilium Stock Performance

Shares of LILM opened at $0.78 on Friday. The firm has a 50 day simple moving average of $0.81 and a two-hundred day simple moving average of $0.89. Lilium has a one year low of $0.60 and a one year high of $1.41.

Analysts Set New Price Targets

Several equities analysts have weighed in on LILM shares. Canaccord Genuity Group reaffirmed a “buy” rating and issued a $2.00 price objective on shares of Lilium in a report on Thursday, June 27th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $2.00 price objective on shares of Lilium in a research report on Monday, September 9th.

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.