Aeva Technologies (NASDAQ:AEVA) Stock Price Down 4% - What's Next?

Aeva Technologies, Inc. (NASDAQ:AEVA - Get Free Report) was down 4% on Tuesday . The stock traded as low as $24.68 and last traded at $25.50. Approximately 1,011,349 shares changed hands during trading, a decline of 39% from the average daily volume of 1,647,778 shares. The stock had previously closed at $26.57.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. Canaccord Genuity Group upped 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 target price on shares of Aeva Technologies from $18.00 to $33.00 and gave the company an "outperform" rating in a report on Wednesday, July 16th. Wall Street Zen cut shares of Aeva Technologies from a "hold" rating to a "sell" rating in a report on Friday, July 18th. Roth Capital upped their target price on shares of Aeva Technologies from $17.00 to $30.00 and gave the company a "buy" rating in a report on Tuesday, June 17th. Finally, Morgan Stanley upped their target price on shares of Aeva Technologies from $5.22 to $11.00 and gave the company an "equal weight" rating in a report on Monday, May 12th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Aeva Technologies currently has an average rating of "Moderate Buy" and a consensus price target of $17.00.

Aeva Technologies Price Performance

The stock's 50-day moving average is $24.81 and its two-hundred day moving average is $12.33. The stock has a market cap of $1.18 billion, a P/E ratio of -7.59 and a beta of 1.95.

Insider Activity at Aeva Technologies

In related news, CEO Soroush Salehian Dardashti sold 250,000 shares of the company's stock in a transaction on Monday, May 19th. The shares were 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 executive officer owned 3,514,808 shares in the company, valued at approximately $55,182,485.60. This represents a 6.64% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Saurabh Sinha sold 22,239 shares of the company's stock in a transaction on Monday, July 7th. The stock was sold at an average price of $30.53, for a total transaction of $678,956.67. Following the transaction, the chief financial officer owned 970,710 shares of the company's stock, valued at approximately $29,635,776.30. This represents a 2.24% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 897,164 shares of company stock worth $16,544,953 in the last three months. Insiders own 27.20% of the company's stock.

Hedge Funds Weigh In On Aeva Technologies

Several institutional investors have recently bought and sold shares of the business. Charles Schwab Investment Management Inc. lifted its holdings in shares of Aeva Technologies by 14.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 242,376 shares of the company's stock valued at $1,151,000 after acquiring an additional 30,924 shares during the last quarter. Intech Investment Management LLC bought a new position in shares of Aeva Technologies in the 4th quarter valued at about $52,000. American Century Companies Inc. lifted its holdings in shares of Aeva Technologies by 34.9% in the 4th quarter. American Century Companies Inc. now owns 25,689 shares of the company's stock valued at $122,000 after acquiring an additional 6,640 shares during the last quarter. LPL Financial LLC bought a new position in shares of Aeva Technologies in the 4th quarter valued at about $451,000. Finally, Geode Capital Management LLC lifted its holdings in shares of Aeva Technologies by 1.5% in the 4th quarter. Geode Capital Management LLC now owns 621,191 shares of the company's stock valued at $2,951,000 after acquiring an additional 9,318 shares during 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.