Lilium (NASDAQ:LILM) Given Overweight Rating at Cantor Fitzgerald

Cantor Fitzgerald reaffirmed their overweight rating on shares of Lilium (NASDAQ:LILM) in a research note published on Monday, Benzinga reports. Cantor Fitzgerald currently has a $2.00 price objective on the stock.

Separately, Canaccord Genuity Group reiterated a buy rating and issued a $2.00 target price on shares of Lilium in a research note on Thursday, June 27th.

Lilium Stock Down 2.2 %

Shares of LILM stock opened at $0.75 on Monday. Lilium has a fifty-two week low of $0.60 and a fifty-two week high of $1.41. The stock’s 50-day moving average is $0.76 and its two-hundred day moving average is $0.87.

Institutional Trading of Lilium

Several large investors have recently made changes to their positions in the stock. XTX Topco Ltd bought a new position in shares of Lilium in the 2nd quarter valued at approximately $25,000. Warberg Asset Management LLC bought a new position in shares of Lilium during the 2nd quarter worth about $27,000. Financial Designs Corp acquired a new position in Lilium in the 2nd quarter valued at approximately $32,000. Virtu Financial LLC acquired a new stake in Lilium during the first quarter worth $32,000. Finally, Freestone Capital Holdings LLC bought a new stake in Lilium in the first quarter valued at about $55,000. Institutional investors 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.