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

Key Points

• Analysts have assigned Aeva an average rating of Hold from five firms (1 sell, 1 hold, 3 buy), with a one‑year average price target of $26.50.
• Aeva beat its most recent quarter (EPS -$0.49 vs. -$0.55; revenue $5.62M vs. $3.69M) but remains deeply unprofitable with a ~-804% net margin and analysts expect around -$2.70 EPS for the year; the company has a market cap near $934M and shares trading around $15.55 (1‑yr range $2.64–$38.80).
• Insider selling has been significant: the CEO and CFO sold large blocks (total insiders sold ~1.06M shares worth $15.17M in the last three months), although insiders still own about 27.2% of the stock.

Shares of Aeva Technologies, Inc. (NASDAQ:AEVA - Get Free Report) have been given an average rating of "Hold" by the five ratings firms that are presently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and three have given a buy recommendation to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $26.50.

AEVA has been the topic of several research reports. Weiss Ratings restated a "sell (e+)" rating on shares of Aeva Technologies in a research report on Monday, December 29th. Canaccord Genuity Group reissued a "buy" rating and set a $24.00 price objective on shares of Aeva Technologies in a research report on Thursday, December 4th.

Aeva Technologies Price Performance

AEVA stock opened at $15.55 on Tuesday. Aeva Technologies has a 1 year low of $2.64 and a 1 year high of $38.80. The firm has a 50-day moving average of $15.12 and a 200 day moving average of $14.70. The company has a market cap of $934.24 million, a P/E ratio of -3.07 and a beta of 2.09.

Aeva Technologies (NASDAQ:AEVA - Get Free Report) last posted its quarterly earnings data on Thursday, February 26th. The company reported ($0.49) earnings per share for the quarter, beating the consensus estimate of ($0.55) by $0.06. Aeva Technologies had a negative return on equity of 603.21% and a negative net margin of 804.40%.The business had revenue of $5.62 million for the quarter, compared to analysts' expectations of $3.69 million. On average, equities research analysts expect that Aeva Technologies will post -2.7 earnings per share for the current fiscal year.

Insider Activity at Aeva Technologies

In other Aeva Technologies news, CFO Saurabh Sinha sold 60,000 shares of the company's stock in a transaction dated Thursday, January 15th. The shares were sold at an average price of $20.64, for a total value of $1,238,400.00. Following the sale, the chief financial officer owned 627,756 shares in the company, valued at approximately $12,956,883.84. This 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 can be accessed through this link. Also, CEO Soroush Salehian Dardashti sold 488,160 shares of the firm's stock in a transaction that occurred on Friday, January 2nd. The shares were sold at an average price of $12.96, for a total transaction of $6,326,553.60. Following the transaction, the chief executive officer directly owned 1,831,199 shares of the company's stock, valued at $23,732,339.04. This represents a 21.05% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 1,064,292 shares of company stock valued at $15,170,040 in the last three months. Company insiders own 27.20% of the company's stock.

Institutional Trading of Aeva Technologies

Several hedge funds and other institutional investors have recently made changes to their positions in AEVA. Quantbot Technologies LP raised its stake in Aeva Technologies by 122.8% during the third quarter. Quantbot Technologies LP now owns 2,099 shares of the company's stock valued at $30,000 after buying an additional 1,157 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in shares of Aeva Technologies in the fourth quarter worth $33,000. Jones Financial Companies Lllp increased its holdings in shares of Aeva Technologies by 27,345.0% during the first quarter. Jones Financial Companies Lllp now owns 5,489 shares of the company's stock valued at $38,000 after acquiring an additional 5,469 shares in the last quarter. Total Investment Management Inc. bought a new position in shares of Aeva Technologies during the second quarter valued at $43,000. Finally, Caitong International Asset Management Co. Ltd purchased a new position in shares of Aeva Technologies in the 4th quarter worth about $47,000. Hedge funds and other institutional investors own 62.92% of the company's stock.

About Aeva Technologies

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.