Analysts Set Aeva Technologies, Inc. (NYSE:AEVA) PT at $7.14

Shares of Aeva Technologies, Inc. (NYSE:AEVA - Get Free Report) have been given a consensus rating of "Moderate Buy" by the six research firms that are covering the company, MarketBeat.com reports. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $7.14.

AEVA has been the topic of a number of research analyst reports. Oppenheimer raised their price objective on shares of Aeva Technologies from $6.00 to $9.00 and gave the company an "outperform" rating in a research note on Monday, April 21st. Canaccord Genuity Group began coverage on shares of Aeva Technologies in a research report on Tuesday, April 1st. They issued a "buy" rating and a $9.50 price target for the company. Finally, Morgan Stanley upped their target price on Aeva Technologies from $4.87 to $5.22 and gave the stock an "equal weight" rating in a research report on Friday, March 21st.

Insider Buying and Selling

In other Aeva Technologies news, CTO Mina Rezk sold 88,916 shares of the company's stock in a transaction that occurred on Tuesday, April 15th. The stock was sold at an average price of $7.61, for a total transaction of $676,650.76. Following the completion of the transaction, the chief technology officer now owns 8,546,669 shares of the company's stock, valued at $65,040,151.09. This represents a 1.03 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, major shareholder Sylebra Capital Llc bought 990,411 shares of the company's stock in a transaction that occurred on Monday, March 24th. The shares were bought at an average price of $4.36 per share, for a total transaction of $4,318,191.96. Following the acquisition, the insider now directly owns 11,369,715 shares of the company's stock, valued at $49,571,957.40. This represents a 9.54 % increase in their position. The disclosure for this purchase can be found here. In the last three months, insiders have acquired 4,213,506 shares of company stock worth $24,985,345 and have sold 527,079 shares worth $3,000,979. 29.10% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of AEVA. Parkwood LLC lifted its stake in shares of Aeva Technologies by 415.7% during the 4th 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 during the last quarter. Jane Street Group LLC lifted its holdings in shares of Aeva Technologies by 2,490.3% during the 4th quarter. Jane Street Group LLC now owns 648,942 shares of the company's stock worth $3,082,000 after acquiring an additional 623,889 shares during the period. Geode Capital Management LLC raised its holdings in shares of Aeva Technologies by 1.5% during the 4th quarter. Geode Capital Management LLC now owns 621,191 shares of the company's stock worth $2,951,000 after buying an additional 9,318 shares in the last quarter. State Street Corp boosted its stake in shares of Aeva Technologies by 5.5% in the 3rd quarter. State Street Corp now owns 452,309 shares of the company's stock valued at $1,488,000 after purchasing an additional 23,593 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in Aeva Technologies by 14.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 242,376 shares of the company's stock valued at $1,151,000 after purchasing an additional 30,924 shares during the last quarter. Institutional investors own 62.92% of the company's stock.

Aeva Technologies Price Performance

AEVA stock traded down $0.13 during midday trading on Friday, reaching $7.19. 340,109 shares of the company's stock traded hands, compared to its average volume of 480,875. Aeva Technologies has a fifty-two week low of $2.20 and a fifty-two week high of $8.12. The company has a market capitalization of $393.39 million, a P/E ratio of -2.33 and a beta of 1.03. The business has a 50-day moving average price of $5.31 and a two-hundred day moving average price of $4.62.

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.