Aeva Technologies (NASDAQ:AEVA) Sets New 12-Month High - What's Next?

Shares of Aeva Technologies, Inc. (NASDAQ:AEVA - Get Free Report) reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $28.21 and last traded at $27.32, with a volume of 2789368 shares changing hands. The stock had previously closed at $25.13.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on AEVA shares. Morgan Stanley increased their price target on Aeva Technologies from $5.22 to $11.00 and gave the company an "equal weight" rating in a research report on Monday, May 12th. Oppenheimer increased 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. Canaccord Genuity Group increased their price target on Aeva Technologies from $9.50 to $16.00 and gave the company a "buy" rating in a research report on Thursday, May 15th. Roth Capital increased their price target on Aeva Technologies from $17.00 to $30.00 and gave the company a "buy" rating in a research report on Tuesday, June 17th. Finally, Wall Street Zen upgraded Aeva Technologies from a "sell" rating to a "hold" rating in a report on Saturday, June 14th. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $14.50.

Aeva Technologies Trading Up 8.6%

The business has a fifty day moving average price of $17.12 and a 200 day moving average price of $8.96. The firm has a market cap of $2.00 billion, a PE ratio of -12.87 and a beta of 1.66.

Insider Buying and Selling

In related news, CEO Soroush Salehian Dardashti sold 250,000 shares of the firm's stock in a transaction that occurred on Monday, May 19th. The stock was sold at an average price of $15.70, for a total transaction of $3,925,000.00. Following the transaction, the chief executive officer now owns 3,514,808 shares in the company, valued at $55,182,485.60. This trade represents a 6.64% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Hrach Simonian sold 100,000 shares of the firm's stock in a transaction that occurred on Monday, June 16th. The stock was sold at an average price of $24.86, for a total value of $2,486,000.00. Following the transaction, the director now owns 3,597,039 shares in the company, valued at $89,422,389.54. This represents a 2.70% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 967,228 shares of company stock worth $12,964,119 in the last quarter. 27.20% of the stock is owned by insiders.

Institutional Trading of Aeva Technologies

A number of hedge funds have recently added to or reduced their stakes in AEVA. Sylebra Capital LLC lifted its position in Aeva Technologies by 56.4% during the 1st quarter. Sylebra Capital LLC now owns 16,228,553 shares of the company's stock worth $113,600,000 after acquiring an additional 5,849,249 shares during the period. Parkwood LLC lifted its position in 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 acquiring an additional 1,150,000 shares during the period. Jane Street Group LLC lifted its position in 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. Informed Momentum Co LLC acquired a new stake in Aeva Technologies during the 1st quarter worth approximately $781,000. Finally, LPL Financial LLC acquired a new stake in Aeva Technologies during the 4th quarter worth approximately $451,000. 62.92% of the stock is owned by institutional investors and hedge funds.

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.