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

Shares of Aeva Technologies, Inc. (NYSE:AEVA - Get Free Report) have earned a consensus rating of "Moderate Buy" from the six ratings firms that are currently covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $7.14.

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

Aeva Technologies Price Performance

NYSE:AEVA traded up $0.03 during trading hours on Friday, reaching $7.14. 222,323 shares of the stock were exchanged, compared to its average volume of 481,619. The stock has a market cap of $390.66 million, a PE ratio of -2.32 and a beta of 1.03. Aeva Technologies has a twelve month low of $2.20 and a twelve month high of $8.12. The firm has a 50 day moving average of $5.37 and a 200 day moving average of $4.63.

Insiders Place Their Bets

In other Aeva Technologies news, major shareholder Sylebra Capital Llc purchased 990,411 shares of the company's stock in a transaction dated Monday, March 24th. The stock was bought at an average cost of $4.36 per share, for a total transaction of $4,318,191.96. Following the completion of the transaction, the insider now owns 11,369,715 shares in the company, valued at approximately $49,571,957.40. This represents a 9.54 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Soroush Salehian Dardashti sold 200,000 shares of the stock in a transaction that occurred on 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 sale, the chief executive officer now directly owns 3,764,808 shares in the company, valued at $20,179,370.88. This represents a 5.04 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have bought 4,213,506 shares of company stock worth $24,985,345 and have sold 565,190 shares worth $3,291,385. Company insiders own 29.10% of the company's stock.

Institutional Trading of Aeva Technologies

Several large investors have recently made changes to their positions in the company. American Century Companies Inc. raised its stake in Aeva Technologies by 34.9% during the fourth quarter. American Century Companies Inc. now owns 25,689 shares of the company's stock worth $122,000 after acquiring an additional 6,640 shares in the last quarter. Rhumbline Advisers boosted its holdings in shares of Aeva Technologies by 13.2% during the 4th quarter. Rhumbline Advisers now owns 53,617 shares of the company's stock valued at $255,000 after acquiring an additional 6,238 shares in the last quarter. Barclays PLC boosted its stake in shares of Aeva Technologies by 276.4% during the third quarter. Barclays PLC now owns 29,910 shares of the company's stock valued at $98,000 after purchasing an additional 21,964 shares in the last quarter. PFG Investments LLC bought a new stake in Aeva Technologies during the 4th quarter worth approximately $48,000. Finally, Geode Capital Management LLC increased its position in Aeva Technologies by 14.2% in the 3rd quarter. Geode Capital Management LLC now owns 611,873 shares of the company's stock valued at $2,013,000 after acquiring an additional 76,044 shares during the period. Institutional investors and hedge funds own 62.92% of the company's stock.

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.