Aeva Technologies, Inc. (NASDAQ:AEVA) Given Average Rating of "Hold" by Analysts

Key Points

• Analysts have a consensus rating of "Hold" on Aeva from five brokerages (1 sell, 1 hold, 3 buy) with an average 1‑year price target of $26.50.
• AEVA shares opened at $13.35, giving a market cap of $840.4M and trading within a 12‑month range of $6.10 to $38.80, currently well below the analyst average target.
• Company insiders own 27.20% of the stock and the CFO sold 60,000 shares in January (an 8.72% reduction in his holding), while institutional investors hold about 62.92%.

Aeva Technologies, Inc. (NASDAQ:AEVA - Get Free Report) has been assigned a consensus recommendation of "Hold" from the five brokerages that are covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating on the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $26.50.

A number of research analysts recently commented on AEVA shares. Weiss Ratings restated a "sell (e+)" rating on shares of Aeva Technologies in a research note on Friday, March 27th. Wall Street Zen upgraded Aeva Technologies from a "sell" rating to a "hold" rating in a research note on Saturday, April 4th.

Aeva Technologies Price Performance

Shares of AEVA opened at $13.35 on Friday. The company has a market cap of $840.38 million, a P/E ratio of -2.63 and a beta of 2.10. The stock has a fifty day moving average price of $13.75 and a 200 day moving average price of $14.50. The company has a debt-to-equity ratio of 7.32, a current ratio of 4.28 and a quick ratio of 4.12. Aeva Technologies has a 12 month low of $6.10 and a 12 month high of $38.80.

Insider Activity at Aeva Technologies

In other news, CFO Saurabh Sinha sold 60,000 shares of the firm's stock in a transaction on Thursday, January 15th. The stock was sold at an average price of $20.64, for a total transaction of $1,238,400.00. Following the transaction, the chief financial officer directly owned 627,756 shares of the company's stock, valued at approximately $12,956,883.84. This trade represents a 8.72% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 27.20% of the company's stock.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Quantbot Technologies LP acquired a new position in shares of Aeva Technologies during the second quarter valued at $36,000. Total Investment Management Inc. acquired a new position in shares of Aeva Technologies during the second quarter valued at $43,000. Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in shares of Aeva Technologies during the fourth quarter valued at $33,000. Daiwa Securities Group Inc. acquired a new position in shares of Aeva Technologies during the second quarter valued at $100,000. Finally, Caitong International Asset Management Co. Ltd acquired a new position in shares of Aeva Technologies during the fourth quarter valued at $47,000. 62.92% of the stock is owned by institutional investors and hedge funds.

Aeva Technologies Company Profile

Aeva Technologies, Inc is a technology company specializing in the development and commercialization of advanced sensing and perception solutions based on frequency-modulated continuous wave (FMCW) LiDAR. Headquartered in Mountain View, California, Aeva's core products include solid-state LiDAR sensors and perception software designed to provide high-resolution, long-range 4D data for automotive, industrial and robotic applications. The company's FMCW approach enables simultaneous measurement of both object velocity and distance, distinguishing Aeva's systems from traditional time-of-flight LiDAR solutions.

Founded in 2016 by Soroush Salehian and Mina Rezk, Aeva began as Aeon Imaging before adopting its current name in 2019.

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