Aeva Technologies (NASDAQ:AEVA) Hits New 1-Year High - Time to Buy?

Aeva Technologies, Inc. (NASDAQ:AEVA - Get Free Report)'s share price reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $19.78 and last traded at $19.71, with a volume of 2241442 shares. The stock had previously closed at $17.32.

Analysts Set New Price Targets

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

Aeva Technologies Price Performance

The firm has a fifty day simple moving average of $10.66 and a 200 day simple moving average of $6.41. The company has a market capitalization of $1.05 billion, a price-to-earnings ratio of -6.17 and a beta of 1.66.

Insider Buying and Selling

In other news, major shareholder Sylebra Capital Llc acquired 990,411 shares of the company's stock in a transaction that occurred on Monday, March 24th. The stock was purchased at an average price of $4.36 per share, with a total value of $4,318,191.96. Following the completion of the acquisition, the insider now owns 11,369,715 shares of the company's stock, valued at $49,571,957.40. This trade represents a 9.54% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CTO Mina Rezk sold 70,000 shares of the company's stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $2.79, for a total transaction of $195,300.00. Following the completion of the sale, the chief technology officer now directly owns 8,696,669 shares of the company's stock, valued at $24,263,706.51. This represents a 0.80% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders purchased 4,213,506 shares of company stock valued at $24,985,345 and sold 1,137,228 shares valued at $11,745,419. 27.20% of the stock is owned by insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Jones Financial Companies Lllp lifted its position 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 worth $38,000 after purchasing an additional 5,469 shares in the last quarter. Intech Investment Management LLC purchased a new stake in shares of Aeva Technologies during the fourth quarter worth approximately $52,000. Squarepoint Ops LLC purchased a new position in Aeva Technologies in the 4th quarter valued at $54,000. Susquehanna Fundamental Investments LLC purchased a new position in Aeva Technologies in the 4th quarter valued at $63,000. Finally, Advisory Services Network LLC acquired a new stake in Aeva Technologies in the fourth quarter valued at $78,000. Institutional investors and hedge funds own 62.92% of the company's stock.

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.