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

Aeva Technologies, Inc. (NYSE:AEVA - Get Free Report) has been assigned an average recommendation of "Moderate Buy" from the seven research firms that are currently covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $12.33.

A number of brokerages have recently issued reports on AEVA. Oppenheimer increased their target price on Aeva Technologies from $9.00 to $18.00 and gave the stock an "outperform" rating in a research note on Thursday, May 15th. Roth Capital upped their price target on Aeva Technologies from $6.00 to $17.00 and gave the stock a "buy" rating in a report on Thursday, May 15th. Canaccord Genuity Group upped their price target on Aeva Technologies from $9.50 to $16.00 and gave the stock a "buy" rating in a report on Thursday, May 15th. Finally, Morgan Stanley upped their price target on Aeva Technologies from $5.22 to $11.00 and gave the stock an "equal weight" rating in a report on Monday, May 12th.

Insider Buying and Selling at Aeva Technologies

In other Aeva Technologies news, Director Stephen Paul Zadesky sold 14,851 shares of the stock in a transaction on Friday, February 28th. The stock was sold at an average price of $3.50, for a total transaction of $51,978.50. Following the sale, the director now owns 83,764 shares in the company, valued at approximately $293,174. This represents a 15.06% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Soroush Salehian Dardashti sold 250,000 shares of the stock in a transaction on Monday, May 19th. The shares were sold at an average price of $15.70, for a total value of $3,925,000.00. Following the sale, the chief executive officer now owns 3,514,808 shares in the company, valued at approximately $55,182,485.60. This trade represents a 6.64% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have purchased 4,213,506 shares of company stock worth $24,985,345 and have sold 1,152,079 shares worth $11,797,397. 27.20% of the stock is owned by insiders.

Institutional Investors Weigh In On Aeva Technologies

Hedge funds and other institutional investors have recently made changes to their positions in the business. Jones Financial Companies Lllp grew its position 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 valued at $38,000 after purchasing an additional 5,469 shares during the period. PFG Investments LLC purchased a new stake in shares of Aeva Technologies in the fourth quarter valued at $48,000. Intech Investment Management LLC purchased a new stake in shares of Aeva Technologies in the fourth quarter valued at $52,000. Squarepoint Ops LLC purchased a new stake in shares of Aeva Technologies in the fourth quarter valued at $54,000. Finally, Susquehanna Fundamental Investments LLC purchased a new stake in shares of Aeva Technologies in the fourth quarter valued at $63,000. Hedge funds and other institutional investors own 62.92% of the company's stock.

Aeva Technologies Price Performance

Shares of AEVA stock traded down $0.05 during trading hours on Wednesday, reaching $16.05. 1,566,142 shares of the company's stock were exchanged, compared to its average volume of 667,532. The company has a market cap of $883.12 million, a P/E ratio of -5.19 and a beta of 1.07. The company's 50 day moving average is $8.88 and its two-hundred day moving average is $5.76. Aeva Technologies has a 1 year low of $2.20 and a 1 year high of $18.74.

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.