Aeva Technologies, Inc. (NASDAQ:AEVA - Get Free Report)'s share price was down 3.6% during mid-day trading on Monday . The company traded as low as $30.62 and last traded at $31.71. Approximately 859,711 shares were traded 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
A number of equities research analysts recently issued reports on AEVA shares. Canaccord Genuity Group boosted their price objective on Aeva Technologies from $9.50 to $16.00 and gave the company a "buy" rating in a research note on Thursday, May 15th. Morgan Stanley lifted their target price on Aeva Technologies from $5.22 to $11.00 and gave the company an "equal weight" rating in a report on Monday, May 12th. Wall Street Zen raised Aeva Technologies from a "sell" rating to a "hold" rating in a report on Saturday, June 14th. Roth Capital lifted their target price on Aeva Technologies from $17.00 to $30.00 and gave the company a "buy" rating in a report on Tuesday, June 17th. Finally, Oppenheimer lifted their target price on Aeva Technologies from $9.00 to $18.00 and gave the company an "outperform" rating in a report on Thursday, May 15th. 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, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $14.50.
Get Our Latest Research Report on AEVA
Aeva Technologies Price Performance
The company has a market cap of $1.85 billion, a PE ratio of -11.88 and a beta of 1.95. The company has a fifty day moving average price of $20.23 and a 200 day moving average price of $10.23.
Insiders Place Their Bets
In other news, CTO Mina Rezk sold 250,000 shares of the business's stock in a transaction dated 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 completion of the transaction, the chief technology officer owned 8,046,669 shares of the company's stock, valued at approximately $126,332,703.30. The trade was a 3.01% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Soroush Salehian Dardashti sold 250,000 shares of the company'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 value of $3,925,000.00. Following the completion of the sale, the chief executive officer directly owned 3,514,808 shares of the company's stock, valued at approximately $55,182,485.60. This represents a 6.64% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 970,051 shares of company stock worth $13,224,093 over the last three months. Company insiders own 27.20% of the company's stock.
Institutional Trading of Aeva Technologies
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Sylebra Capital LLC boosted its stake in Aeva Technologies by 56.4% in the first quarter. Sylebra Capital LLC now owns 16,228,553 shares of the company's stock worth $113,600,000 after buying an additional 5,849,249 shares in the last quarter. Jones Financial Companies Lllp boosted its stake in Aeva Technologies by 27,345.0% in the first quarter. Jones Financial Companies Lllp now owns 5,489 shares of the company's stock worth $38,000 after buying an additional 5,469 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in 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 worth $96,000 after buying an additional 630 shares in the last quarter. AQR Capital Management LLC boosted its stake in Aeva Technologies by 29.2% in the first quarter. AQR Capital Management LLC now owns 20,849 shares of the company's stock worth $146,000 after buying an additional 4,707 shares in the last quarter. Finally, American Century Companies Inc. boosted its stake in Aeva Technologies by 81.5% in the first quarter. American Century Companies Inc. now owns 46,623 shares of the company's stock worth $326,000 after buying an additional 20,934 shares in the last quarter. Hedge funds and other institutional investors own 62.92% of the company's stock.
About Aeva Technologies
(
Get Free Report)
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.
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