Aeva Technologies, Inc. (NASDAQ:AEVA) Receives Consensus Rating of "Moderate Buy" from Brokerages

Shares of Aeva Technologies, Inc. (NASDAQ:AEVA - Get Free Report) have received an average recommendation of "Moderate Buy" from the seven research firms that are currently covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $12.33.

A number of brokerages recently weighed in on AEVA. Oppenheimer lifted their price objective on shares of Aeva Technologies from $9.00 to $18.00 and gave the company an "outperform" rating in a report on Thursday, May 15th. Roth Capital raised their target price on shares of Aeva Technologies from $6.00 to $17.00 and gave the stock a "buy" rating in a research report on Thursday, May 15th. Wall Street Zen raised shares of Aeva Technologies from a "sell" rating to a "hold" rating in a research note on Saturday. Canaccord Genuity Group boosted their price target on Aeva Technologies from $9.50 to $16.00 and gave the company a "buy" rating in a report on Thursday, May 15th. Finally, Morgan Stanley raised their price objective on Aeva Technologies from $5.22 to $11.00 and gave the stock an "equal weight" rating in a report on Monday, May 12th.

Aeva Technologies Price Performance

Shares of NASDAQ:AEVA traded up $2.69 on Friday, hitting $25.75. 2,068,369 shares of the company's stock were exchanged, compared to its average volume of 1,282,228. The stock has a market capitalization of $1.42 billion, a price-to-earnings ratio of -8.33 and a beta of 1.66. Aeva Technologies has a 12 month low of $2.20 and a 12 month high of $25.81. The business's 50 day simple moving average is $12.79 and its two-hundred day simple moving average is $7.32.

Insider Transactions at Aeva Technologies

In other Aeva Technologies news, CEO Soroush Salehian Dardashti sold 200,000 shares of Aeva Technologies stock in a transaction dated Wednesday, March 26th. The stock was sold at an average price of $5.36, for a total value of $1,072,000.00. Following the transaction, the chief executive officer now 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CTO Mina Rezk sold 7,300 shares of the business's stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $7.50, for a total transaction of $54,750.00. Following the completion of the transaction, the chief technology officer now owns 8,689,369 shares of the company's stock, valued at $65,170,267.50. This represents a 0.08% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders acquired 4,213,506 shares of company stock valued at $24,985,345 and sold 1,067,228 shares valued at $11,550,119. Corporate insiders own 27.20% of the company's stock.

Institutional Trading of Aeva Technologies

Institutional investors have recently modified their holdings of the company. Jones Financial Companies Lllp lifted its position in 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 during the last quarter. Intech Investment Management LLC acquired a new position in shares of Aeva Technologies during the fourth quarter worth $52,000. Squarepoint Ops LLC acquired a new position in shares of Aeva Technologies during the fourth quarter worth $54,000. Susquehanna Fundamental Investments LLC purchased a new stake in shares of Aeva Technologies during the 4th quarter valued at $63,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Aeva Technologies by 4.8% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,722 shares of the company's stock worth $96,000 after purchasing an additional 630 shares in the last quarter. 62.92% of the stock is currently owned by institutional investors.

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.