1 week Ago By ABMN Staff
Archer Aviation Inc. ( NYSE:ACHR – Get Free Report ) shares shot up 19.6% during mid-day trading on Friday .
The company traded as high as $11.48 and last traded at $11.45.
26,582,879 shares changed hands during mid-day trading, a decline of 8% from the average session volume of 28,770,297 shares. The stock had previously closed at $9.57.
Analyst Upgrades and Downgrades A number of analysts recently commented on the stock. Needham & Company LLC initiated coverage on shares of Archer Aviation in a report on Tuesday, November 19th. They set a “buy” rating and a $11.
00 price objective on the stock. HC Wainwright reissued a “buy” rating and set a $12.50 price target on shares of Archer Aviation in a research note on Monday, December 16th.
Cantor Fitzgerald raised their price objective on Archer Aviation from $10.00 to $13.00 and gave the company an “overweight” rating in a research note on Wednesday, December 18th.
Canaccord Genuity Group boosted their target price on Archer Aviation from $8.50 to $11.00 and gave the stock a “buy” rating in a research report on Friday, December 13th.
Finally, Deutsche Bank Aktiengesellschaft raised their price target on Archer Aviation from $11.00 to $15.00 and gave the company a “buy” rating in a research report on Friday, December 13th.
One research analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, Archer Aviation presently has a consensus rating of “Moderate Buy” and an average target price of $10.
63. Check Out Our Latest Stock Report on ACHR Archer Aviation Stock Performance Archer Aviation ( NYSE:ACHR – Get Free Report ) last posted its quarterly earnings data on Friday, November 8th. The company reported ($0.
29) EPS for the quarter, missing analysts’ consensus estimates of ($0.24) by ($0.05).
During the same period in the previous year, the firm posted ($0.19) earnings per share. As a group, analysts forecast that Archer Aviation Inc.
will post -1.28 EPS for the current fiscal year. Insider Activity at Archer Aviation In related news, CEO Adam D.
Goldstein sold 805,170 shares of the company’s stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $4.63, for a total value of $3,727,937.
10. Following the completion of the transaction, the chief executive officer now directly owns 4,197,136 shares in the company, valued at approximately $19,432,739.68.
This represents a 16.10 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website .
Also, Director Deborah Diaz bought 5,150 shares of Archer Aviation stock in a transaction that occurred on Monday, November 25th. The shares were acquired at an average price of $7.48 per share, for a total transaction of $38,522.
00. Following the completion of the transaction, the director now directly owns 98,886 shares of the company’s stock, valued at $739,667.28.
This trade represents a 5.49 % increase in their position. The disclosure for this purchase can be found here .
Over the last 90 days, insiders have bought 776,791 shares of company stock valued at $5,139,699 and have sold 1,812,899 shares valued at $11,601,707. Insiders own 9.75% of the company’s stock.
Institutional Investors Weigh In On Archer Aviation Institutional investors have recently bought and sold shares of the stock. Versant Capital Management Inc boosted its holdings in shares of Archer Aviation by 74.3% in the 4th quarter.
Versant Capital Management Inc now owns 8,048 shares of the company’s stock valued at $78,000 after purchasing an additional 3,430 shares during the last quarter. Tidal Investments LLC raised its position in shares of Archer Aviation by 29.9% in the 3rd quarter.
Tidal Investments LLC now owns 14,518 shares of the company’s stock worth $44,000 after buying an additional 3,339 shares during the period. Sanctuary Advisors LLC acquired a new position in Archer Aviation in the third quarter valued at $80,000. Barclays PLC boosted its holdings in Archer Aviation by 272.
7% in the third quarter. Barclays PLC now owns 427,023 shares of the company’s stock valued at $1,294,000 after acquiring an additional 312,440 shares during the last quarter. Finally, Geode Capital Management LLC grew its position in Archer Aviation by 5.
6% during the third quarter. Geode Capital Management LLC now owns 5,110,392 shares of the company’s stock valued at $15,487,000 after acquiring an additional 268,896 shares during the period. 59.
34% of the stock is currently owned by hedge funds and other institutional investors. Archer Aviation Company Profile ( Get Free Report ) Archer Aviation Inc, together with its subsidiaries, engages in designs, develops, and operates electric vertical takeoff and landing aircraft for use in urban air mobility. The company was formerly known as Atlas Crest Investment Corp.
and changed its name to Archer Aviation Inc The company is headquartered in San Jose, California. See Also Receive News & Ratings for Archer Aviation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Archer Aviation and related companies with MarketBeat.com's FREE daily email newsletter .
.
