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

Aeva Technologies, Inc. (NASDAQ:AEVA - Get Free Report)'s share price reached a new 52-week high during trading on Monday . The company traded as high as $25.48 and last traded at $25.13, with a volume of 389167 shares. The stock had previously closed at $23.06.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on AEVA. Roth Capital lifted their price objective on Aeva Technologies from $17.00 to $30.00 and gave the company a "buy" rating in a report on Tuesday. Wall Street Zen upgraded shares of Aeva Technologies from a "sell" rating to a "hold" rating in a research note on Saturday, June 14th. Canaccord Genuity Group raised their target price on shares of Aeva Technologies from $9.50 to $16.00 and gave the company a "buy" rating in a report on Thursday, May 15th. Oppenheimer upped their price target on shares of Aeva Technologies from $9.00 to $18.00 and gave the stock an "outperform" rating in a report on Thursday, May 15th. Finally, Morgan Stanley increased their price target on shares of Aeva Technologies from $5.22 to $11.00 and gave the stock an "equal weight" rating in a research report on Monday, May 12th. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $14.50.

Aeva Technologies Stock Up 6.9%

The business's fifty day moving average price is $13.96 and its 200 day moving average price is $7.73.

Insider Activity at Aeva Technologies

In related news, Director Hrach Simonian sold 100,000 shares of the stock in a transaction that occurred on Monday, June 16th. The shares were sold at an average price of $24.86, for a total value of $2,486,000.00. Following the completion of the transaction, the director now owns 3,597,039 shares of the company's stock, valued at $89,422,389.54. This represents a 2.70% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CTO Mina Rezk sold 7,300 shares of the business's stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $7.50, for a total transaction of $54,750.00. Following the sale, the chief technology officer now directly owns 8,689,369 shares in the company, valued at approximately $65,170,267.50. The trade was a 0.08% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have purchased 4,213,506 shares of company stock valued at $24,985,345 and have sold 1,167,228 shares valued at $14,036,119. 27.20% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Aeva Technologies

Several large investors have recently bought and sold shares of AEVA. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Aeva Technologies by 4.8% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,722 shares of the company's stock valued at $96,000 after buying an additional 630 shares during the period. AQR Capital Management LLC increased its position in Aeva Technologies by 29.2% in the 1st quarter. AQR Capital Management LLC now owns 20,849 shares of the company's stock valued at $146,000 after acquiring an additional 4,707 shares during the period. Barclays PLC increased its position in Aeva Technologies by 16.3% in the 4th quarter. Barclays PLC now owns 34,800 shares of the company's stock valued at $166,000 after acquiring an additional 4,890 shares during the period. Jones Financial Companies Lllp raised its stake in shares of Aeva Technologies by 27,345.0% during the first quarter. Jones Financial Companies Lllp now owns 5,489 shares of the company's stock valued at $38,000 after acquiring an additional 5,469 shares during the last quarter. Finally, Rhumbline Advisers lifted its holdings in shares of Aeva Technologies by 13.2% during the fourth quarter. Rhumbline Advisers now owns 53,617 shares of the company's stock worth $255,000 after purchasing an additional 6,238 shares during the period. 62.92% of the stock is currently owned by 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.