Lilium (NASDAQ:LILM) Shares Up 8%

Lilium (NASDAQ:LILM) shares rose 8% on Tuesday . The company traded as high as $0.85 and last traded at $0.85. 2,674,284 shares traded hands during mid-day trading, a decline of 13% from the average daily volume of 3,080,266 shares. The stock had previously closed at $0.78.

Analysts Set New Price Targets

LILM has been the topic of several recent analyst reports. Cantor Fitzgerald restated an “overweight” rating and set a $2.00 price objective on shares of Lilium in a report on Monday, September 9th. Canaccord Genuity Group restated a “buy” rating and set a $2.00 price target on shares of Lilium in a report on Thursday, June 27th.

Lilium Stock Up 8.3 %

The company has a 50-day moving average price of $0.81 and a 200 day moving average price of $0.89.

Institutional Investors Weigh In On Lilium

A number of institutional investors have recently bought and sold shares of the business. XTX Topco Ltd purchased a new stake in shares of Lilium in the second quarter worth approximately $25,000. Warberg Asset Management LLC acquired a new position in Lilium in the 2nd quarter valued at approximately $27,000. Financial Designs Corp purchased a new stake in Lilium in the 2nd quarter worth approximately $32,000. Virtu Financial LLC acquired a new stake in shares of Lilium during the 1st quarter valued at $32,000. Finally, Freestone Capital Holdings LLC acquired a new stake in shares of Lilium during the 1st quarter valued at $55,000. 8.30% of the stock is currently owned by institutional investors and hedge funds.

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.