Aeva Technologies (NASDAQ:AEVA) Stock Price Down 3.6% - What's Next?

Aeva Technologies, Inc. (NASDAQ:AEVA - Get Free Report) shares dropped 3.6% on Monday . The company traded as low as $30.62 and last traded at $31.71. Approximately 859,711 shares changed hands during mid-day trading, a decline of 44% from the average daily volume of 1,523,330 shares. The stock had previously closed at $32.89.

Analyst Ratings Changes

AEVA has been the topic of a number of recent analyst reports. Oppenheimer raised their target price on shares of Aeva Technologies from $9.00 to $18.00 and gave the company an "outperform" rating in a research note on Thursday, May 15th. Wall Street Zen raised shares of Aeva Technologies from a "sell" rating to a "hold" rating in a research note on Saturday, June 14th. Canaccord Genuity Group lifted their price target on shares of Aeva Technologies from $9.50 to $16.00 and gave the stock a "buy" rating in a research note on Thursday, May 15th. Morgan Stanley lifted 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 note on Monday, May 12th. Finally, Roth Capital lifted their price target on shares of Aeva Technologies from $17.00 to $30.00 and gave the stock a "buy" rating in a research note on Tuesday, June 17th. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, Aeva Technologies has a consensus rating of "Moderate Buy" and an average price target of $14.50.

Aeva Technologies Stock Down 5.5%

The stock has a market cap of $1.61 billion, a P/E ratio of -10.32 and a beta of 1.95. The firm's fifty day moving average price is $21.16 and its 200-day moving average price is $10.51.

Insider Activity

In other news, CEO Soroush Salehian Dardashti sold 250,000 shares of the firm's stock in a transaction that occurred on Monday, May 19th. The shares were sold at an average price of $15.70, for a total value of $3,925,000.00. Following the transaction, the chief executive officer owned 3,514,808 shares in the company, valued at approximately $55,182,485.60. This trade represents a 6.64% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Saurabh Sinha sold 22,239 shares of the business's stock in a transaction on Monday, July 7th. The shares were sold at an average price of $30.53, for a total transaction of $678,956.67. Following the transaction, the chief financial officer directly owned 970,710 shares in the company, valued at approximately $29,635,776.30. The trade was a 2.24% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 1,111,080 shares of company stock worth $18,014,103 over the last ninety days. Company insiders own 27.20% of the company's stock.

Institutional Investors Weigh In On Aeva Technologies

Large investors have recently modified their holdings of the stock. Jones Financial Companies Lllp boosted its stake 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 in the last quarter. Intech Investment Management LLC bought a new stake in shares of Aeva Technologies during the 4th quarter valued at about $52,000. Squarepoint Ops LLC bought a new stake in shares of Aeva Technologies during the 4th quarter valued at about $54,000. Susquehanna Fundamental Investments LLC bought a new stake in shares of Aeva Technologies during the 4th quarter valued at about $63,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Aeva Technologies by 4.8% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,722 shares of the company's stock valued at $96,000 after purchasing an additional 630 shares in the last quarter. 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.