EHang Holdings Limited Unsponsored ADR (NASDAQ:EH) Receives $26.08 Average PT from Brokerages

Shares of EHang Holdings Limited Unsponsored ADR (NASDAQ:EH) have earned an average recommendation of “Buy” from the seven analysts that are presently covering the company, MarketBeat reports. Six investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $26.08.

Separately, JPMorgan Chase & Co. began coverage on EHang in a research report on Thursday, August 21st. They issued an “overweight” rating and a $26.00 target price on the stock.

EHang Stock Up 1.5%

Shares of NASDAQ EH opened at $18.85 on Thursday. The firm has a market cap of $1.36 billion, a price-to-earnings ratio of -37.70 and a beta of 1.12. The company has a quick ratio of 2.32, a current ratio of 2.50 and a debt-to-equity ratio of 0.06. EHang has a 52-week low of $12.02 and a 52-week high of $29.76. The business’s 50 day moving average is $17.36 and its two-hundred day moving average is $17.62.

Institutional Trading of EHang

A number of institutional investors and hedge funds have recently added to or reduced their stakes in EH. Osaic Holdings Inc. grew its stake in shares of EHang by 5,904.0% in the second quarter. Osaic Holdings Inc. now owns 27,018 shares of the company’s stock worth $469,000 after acquiring an additional 26,568 shares in the last quarter. Squarepoint Ops LLC grew its stake in shares of EHang by 12.9% in the second quarter. Squarepoint Ops LLC now owns 44,378 shares of the company’s stock worth $770,000 after acquiring an additional 5,063 shares in the last quarter. Headlands Technologies LLC grew its stake in shares of EHang by 88.9% in the second quarter. Headlands Technologies LLC now owns 80,163 shares of the company’s stock worth $1,392,000 after acquiring an additional 37,729 shares in the last quarter. Man Group plc grew its stake in shares of EHang by 138.7% in the second quarter. Man Group plc now owns 79,789 shares of the company’s stock worth $1,385,000 after acquiring an additional 46,364 shares in the last quarter. Finally, Eschler Asset Management LLP grew its stake in shares of EHang by 1,329.8% in the second quarter. Eschler Asset Management LLP now owns 200,000 shares of the company’s stock worth $3,472,000 after acquiring an additional 186,012 shares in the last quarter. Hedge funds and other 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.