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

Aeva Technologies, Inc. (NASDAQ:AEVA - Get Free Report) has earned a consensus recommendation of "Moderate Buy" from the seven brokerages that are presently covering the firm, MarketBeat Ratings reports. Two equities research 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 a report on the stock in the last year is $14.50.

AEVA has been the topic of a number of analyst reports. Morgan Stanley raised their target price on 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 raised their target price on Aeva Technologies from $9.50 to $16.00 and gave the company a "buy" rating in a research report on Thursday, May 15th. Wall Street Zen upgraded Aeva Technologies from a "sell" rating to a "hold" rating in a research report on Saturday, June 14th. Oppenheimer raised their target price on Aeva Technologies from $9.00 to $18.00 and gave the company an "outperform" rating in a research report on Thursday, May 15th. Finally, Roth Capital raised their target price on Aeva Technologies from $17.00 to $30.00 and gave the company a "buy" rating in a research report on Tuesday, June 17th.

Insider Activity

In related news, CFO Saurabh Sinha sold 22,239 shares of the business's stock in a transaction on Monday, July 7th. The shares were sold at an average price of $30.53, for a total transaction of $678,956.67. Following the completion of the transaction, the chief financial officer owned 970,710 shares in the company, valued at approximately $29,635,776.30. The trade was a 2.24% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Soroush Salehian Dardashti sold 69,901 shares of the company's stock in a transaction on Monday, July 7th. The shares were sold at an average price of $30.53, for a total transaction of $2,134,077.53. Following the completion of the transaction, the chief executive officer owned 1,897,862 shares of the company's stock, valued at $57,941,726.86. This represents a 3.55% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 1,111,080 shares of company stock worth $18,014,103 in the last 90 days. 27.20% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Aeva Technologies

Several large investors have recently bought and sold shares of AEVA. Jones Financial Companies Lllp raised its holdings 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 worth $38,000 after purchasing an additional 5,469 shares in the last quarter. Intech Investment Management LLC acquired a new stake in shares of Aeva Technologies during the 4th quarter valued at approximately $52,000. Squarepoint Ops LLC acquired a new stake in shares of Aeva Technologies during the 4th quarter valued at approximately $54,000. Susquehanna Fundamental Investments LLC purchased a new position in shares of Aeva Technologies during the 4th quarter worth approximately $63,000. Finally, Advisory Services Network LLC purchased a new position in shares of Aeva Technologies during the 4th quarter worth approximately $78,000. Institutional investors and hedge funds own 62.92% of the company's stock.

Aeva Technologies Trading Down 10.6%

Shares of NASDAQ AEVA traded down $3.11 during trading on Thursday, reaching $26.10. 2,834,876 shares of the company traded hands, compared to its average volume of 3,165,491. The firm's fifty day simple moving average is $21.97 and its 200 day simple moving average is $10.83. The stock has a market cap of $1.44 billion, a P/E ratio of -9.22 and a beta of 1.95. Aeva Technologies has a 12-month low of $2.36 and a 12-month high of $38.80.

Aeva Technologies Company Profile

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.