Brokerages Set Aeva Technologies, Inc. (NASDAQ:AEVA) Price Target at $12.33

Shares of Aeva Technologies, Inc. (NASDAQ:AEVA - Get Free Report) have earned a consensus recommendation of "Moderate Buy" from the seven analysts that are presently covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $14.50.

A number of equities research analysts have recently weighed in on AEVA shares. Wall Street Zen upgraded shares of Aeva Technologies from a "sell" rating to a "hold" rating in a research report on Saturday. Oppenheimer lifted their price target on shares of Aeva Technologies from $9.00 to $18.00 and gave the company an "outperform" rating in a research report on Thursday, May 15th. Morgan Stanley lifted their price target on shares of Aeva Technologies from $5.22 to $11.00 and gave the company an "equal weight" rating in a research report on Monday, May 12th. Canaccord Genuity Group lifted their price target on shares of Aeva Technologies from $9.50 to $16.00 and gave the company a "buy" rating in a research report on Thursday, May 15th. Finally, Roth Capital lifted their price target on shares of Aeva Technologies from $17.00 to $30.00 and gave the company a "buy" rating in a research report on Tuesday.

Aeva Technologies Trading Up 6.9%

Shares of NASDAQ:AEVA traded up $1.79 during trading on Friday, reaching $27.61. 2,697,916 shares of the stock were exchanged, compared to its average volume of 1,832,658. Aeva Technologies has a 12 month low of $2.20 and a 12 month high of $28.10. The firm has a market cap of $1.52 billion, a PE ratio of -9.76 and a beta of 1.66. The stock has a 50-day moving average price of $13.96 and a 200-day moving average price of $7.73.

Insider Buying and Selling at Aeva Technologies

In other Aeva Technologies news, CEO Soroush Salehian Dardashti sold 200,000 shares of the business's stock in a transaction that occurred on Wednesday, March 26th. The shares were sold at an average price of $5.36, for a total transaction of $1,072,000.00. Following the completion of the transaction, the chief executive officer now directly owns 3,764,808 shares in the company, valued at $20,179,370.88. The trade was a 5.04% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Sylebra Capital Llc acquired 990,411 shares of the stock in a transaction on Monday, March 24th. The shares were purchased at an average price of $4.36 per share, with a total value of $4,318,191.96. Following the completion of the transaction, the insider now owns 11,369,715 shares of the company's stock, valued at approximately $49,571,957.40. This represents a 9.54% increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last three months, insiders bought 4,213,506 shares of company stock worth $24,985,345 and sold 1,167,228 shares worth $14,036,119. Company insiders own 27.20% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in AEVA. Sylebra Capital LLC raised its position in Aeva Technologies by 56.4% during the first quarter. Sylebra Capital LLC now owns 16,228,553 shares of the company's stock valued at $113,600,000 after purchasing an additional 5,849,249 shares in the last quarter. Parkwood LLC increased its holdings in shares of Aeva Technologies by 415.7% during the fourth quarter. Parkwood LLC now owns 1,426,627 shares of the company's stock worth $6,776,000 after buying an additional 1,150,000 shares in the last quarter. Jane Street Group LLC increased its holdings in shares of Aeva Technologies by 2,490.3% during the fourth quarter. Jane Street Group LLC now owns 648,942 shares of the company's stock worth $3,082,000 after buying an additional 623,889 shares in the last quarter. Informed Momentum Co LLC acquired a new position in shares of Aeva Technologies during the first quarter worth $781,000. Finally, LPL Financial LLC acquired a new position in shares of Aeva Technologies during the fourth quarter worth $451,000. 62.92% of the stock is currently owned by institutional investors and hedge funds.

About Aeva Technologies

Aeva Technologies, Inc engages in the design, development, manufacture, and sale of LiDAR sensing systems, and related perception and autonomy-enabling software solutions in North America, Europe, the Middle East, Africa, and Asia. The company develops its products using frequency modulated continuous wave (FMCW) sensing technology.