Aeva Technologies (NASDAQ:AEVA) Reaches New 12-Month High - Time to Buy?

Aeva Technologies, Inc. (NASDAQ:AEVA - Get Free Report)'s share price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $21.85 and last traded at $21.78, with a volume of 1411613 shares changing hands. The stock had previously closed at $20.90.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on AEVA shares. Oppenheimer upped their price target on Aeva Technologies from $9.00 to $18.00 and gave the company an "outperform" rating in a research report on Thursday, May 15th. Roth Capital boosted their price objective on shares of Aeva Technologies from $6.00 to $17.00 and gave the company a "buy" rating in a research note on Thursday, May 15th. Canaccord Genuity Group upped their target price on shares of 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 target price on shares of Aeva Technologies from $5.22 to $11.00 and gave the stock an "equal weight" rating in a report on Monday, May 12th. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, Aeva Technologies has an average rating of "Moderate Buy" and an average price target of $12.33.

Aeva Technologies Trading Down 2.6%

The stock's fifty day moving average is $12.45 and its two-hundred day moving average is $7.16. The firm has a market cap of $1.27 billion, a P/E ratio of -7.46 and a beta of 1.66.

Insider Activity

In other news, CTO Mina Rezk sold 7,300 shares of the firm's stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $7.50, for a total transaction of $54,750.00. Following the sale, the chief technology officer now owns 8,689,369 shares in the company, valued at approximately $65,170,267.50. This trade represents a 0.08% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, major shareholder Sylebra Capital Llc bought 1,333,188 shares of Aeva Technologies stock in a transaction that occurred on Friday, March 28th. The shares were acquired at an average cost of $6.70 per share, for a total transaction of $8,932,359.60. Following the acquisition, the insider now owns 15,160,256 shares in the company, valued at $101,573,715.20. The trade was a 9.64% increase in their position. The disclosure for this purchase can be found here. In the last quarter, insiders have purchased 4,213,506 shares of company stock worth $24,985,345 and have sold 1,067,228 shares worth $11,550,119. Corporate insiders own 27.20% of the company's stock.

Hedge Funds Weigh In On Aeva Technologies

Institutional investors and hedge funds have recently made changes to their positions in the business. Jones Financial Companies Lllp grew its holdings in shares of Aeva Technologies by 27,345.0% during the 1st 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 last quarter. Intech Investment Management LLC bought a new position in shares of Aeva Technologies during the 4th quarter valued at $52,000. Squarepoint Ops LLC bought a new position in shares of Aeva Technologies during the 4th quarter valued at $54,000. Susquehanna Fundamental Investments LLC bought a new position in shares of Aeva Technologies during the 4th quarter valued at $63,000. Finally, Advisory Services Network LLC bought a new position in shares of Aeva Technologies during the 4th quarter valued at $78,000. Institutional investors 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.