Aeva Technologies (NASDAQ:AEVA) Trading Down 4.7% - What's Next?

Aeva Technologies, Inc. (NASDAQ:AEVA - Get Free Report)'s stock price was down 4.7% during mid-day trading on Friday . The company traded as low as $26.71 and last traded at $27.83. Approximately 835,315 shares were traded during trading, a decline of 47% from the average daily volume of 1,579,405 shares. The stock had previously closed at $29.21.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. Oppenheimer boosted their price target on shares of Aeva Technologies from $9.00 to $18.00 and gave the company an "outperform" rating in a report on Thursday, May 15th. Wall Street Zen upgraded Aeva Technologies from a "sell" rating to a "hold" rating in a research note on Saturday, June 14th. Canaccord Genuity Group upped their target price on Aeva Technologies from $9.50 to $16.00 and gave the stock a "buy" rating in a research report on Thursday, May 15th. Morgan Stanley raised their price target on 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 boosted their price target on Aeva Technologies from $17.00 to $30.00 and gave the company a "buy" rating in a research note on Tuesday, June 17th. Three 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, Aeva Technologies has a consensus rating of "Moderate Buy" and a consensus target price of $14.50.

Aeva Technologies Stock Up 2.6%

The company has a market cap of $1.47 billion, a price-to-earnings ratio of -9.46 and a beta of 1.95. The business has a 50-day simple moving average of $22.35 and a two-hundred day simple moving average of $11.07.

Insider Buying and Selling

In other Aeva Technologies news, Director Hrach Simonian sold 100,000 shares of the company'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 transaction of $2,486,000.00. Following the completion of the sale, the director owned 3,597,039 shares of the company's stock, valued at $89,422,389.54. This represents a 2.70% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Soroush Salehian Dardashti sold 250,000 shares of the 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 position. The disclosure for this sale can be found here. Insiders sold a total of 1,111,080 shares of company stock valued at $18,014,103 over the last 90 days. 27.20% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. GAMMA Investing LLC boosted its holdings in Aeva Technologies by 92.2% during the second quarter. GAMMA Investing LLC now owns 865 shares of the company's stock valued at $33,000 after acquiring an additional 415 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position 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 worth $96,000 after purchasing an additional 630 shares during the last quarter. AQR Capital Management LLC boosted its stake in Aeva Technologies by 29.2% during the 1st quarter. AQR Capital Management LLC now owns 20,849 shares of the company's stock valued at $146,000 after purchasing an additional 4,707 shares during the period. Barclays PLC grew its holdings in Aeva Technologies by 16.3% in the 4th quarter. Barclays PLC now owns 34,800 shares of the company's stock valued at $166,000 after buying an additional 4,890 shares during the last quarter. Finally, Jones Financial Companies Lllp increased its position in Aeva Technologies by 27,345.0% in the 1st 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 during the period. 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.