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

Key Points

• Aeva Technologies, Inc. has received a consensus rating of "Moderate Buy" from analysts, with one hold rating and five buy ratings among six analysts covering the stock.
• The average 12-month price target set by analysts for Aeva is $18.33, with Oppenheimer recently raising their target to $33.00.
• Aeva reported a quarterly earnings loss of ($0.55) per share, which was slightly below analysts' expectations, but revenue of $5.51 million surpassed the consensus estimate of $3.40 million.

Aeva Technologies, Inc. (NASDAQ:AEVA - Get Free Report) has been assigned a consensus rating of "Moderate Buy" from the six analysts that are presently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating on the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $18.3333.

A number of research analysts recently weighed in on the stock. Oppenheimer increased their price objective on shares of Aeva Technologies from $18.00 to $33.00 and gave the company an "outperform" rating in a research report on Wednesday, July 16th. Wall Street Zen cut shares of Aeva Technologies from a "hold" rating to a "sell" rating in a report on Saturday. Morgan Stanley upped their target price on shares of Aeva Technologies from $11.00 to $19.00 and gave the company an "equal weight" rating in a report on Friday, August 1st. Finally, Roth Capital upped their target price on shares of Aeva Technologies from $17.00 to $30.00 and gave the company a "buy" rating in a report on Tuesday, June 17th.

Aeva Technologies Stock Up 0.1%

Shares of Aeva Technologies stock opened at $18.29 on Tuesday. The company has a market cap of $1.03 billion, a price-to-earnings ratio of -3.33 and a beta of 2.00. The company's 50 day moving average is $17.27 and its 200 day moving average is $15.65. Aeva Technologies has a twelve month low of $2.52 and a twelve month high of $38.80.

Aeva Technologies (NASDAQ:AEVA - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The company reported ($0.55) earnings per share for the quarter, missing analysts' consensus estimates of ($0.53) by ($0.02). The company had revenue of $5.51 million for the quarter, compared to the consensus estimate of $3.40 million. Aeva Technologies had a negative net margin of 2,178.31% and a negative return on equity of 287.71%. Sell-side analysts expect that Aeva Technologies will post -2.7 EPS for the current fiscal year.

Insider Buying and Selling at Aeva Technologies

In other Aeva Technologies news, CFO Saurabh Sinha sold 36,658 shares of the company's stock in a transaction that occurred on Wednesday, September 3rd. The shares were sold at an average price of $13.80, for a total transaction of $505,880.40. Following the completion of the sale, the chief financial officer directly owned 774,052 shares of the company's stock, valued at approximately $10,681,917.60. This represents a 4.52% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Soroush Salehian Dardashti sold 200,000 shares of the company's stock in a transaction that occurred on Wednesday, August 13th. The shares were sold at an average price of $13.45, for a total transaction of $2,690,000.00. Following the sale, the chief executive officer directly owned 2,134,808 shares of the company's stock, valued at approximately $28,713,167.60. This represents a 8.57% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 818,822 shares of company stock valued at $13,961,215. Insiders own 27.20% of the company's stock.

Institutional Trading of Aeva Technologies

Hedge funds and other institutional investors have recently modified their holdings of the company. GAMMA Investing LLC increased its stake in shares of Aeva Technologies by 92.2% in the second quarter. GAMMA Investing LLC now owns 865 shares of the company's stock worth $33,000 after purchasing an additional 415 shares in the last quarter. Quantbot Technologies LP purchased a new stake in shares of Aeva Technologies in the second quarter worth $36,000. Jones Financial Companies Lllp increased its stake in shares of Aeva Technologies by 27,345.0% in 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. Total Investment Management Inc. purchased a new stake in shares of Aeva Technologies in the second quarter worth $43,000. Finally, AlphaQuest LLC purchased a new stake in shares of Aeva Technologies in the second quarter worth $51,000. 62.92% of the stock is owned by hedge funds and other 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.

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