Aeva Technologies, Inc. (NASDAQ:AEVA - Get Free Report) shares gapped down before the market opened on Tuesday . The stock had previously closed at $37.79, but opened at $36.04. Aeva Technologies shares last traded at $31.53, with a volume of 2,103,899 shares.
Analyst Upgrades and Downgrades
Several analysts have recently commented on AEVA shares. Oppenheimer increased their price objective on Aeva Technologies from $9.00 to $18.00 and gave the stock an "outperform" rating in a research note 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 lifted their price objective on shares of Aeva Technologies from $17.00 to $30.00 and gave the stock a "buy" rating in a report on Tuesday, June 17th. Morgan Stanley upped their target price 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, Wall Street Zen raised shares of Aeva Technologies from a "sell" rating to a "hold" rating in a research report on Saturday, June 14th. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $14.50.
Get Our Latest Research Report on Aeva Technologies
Aeva Technologies Stock Up 6.5%
The firm has a market cap of $1.81 billion, a PE ratio of -11.62 and a beta of 1.95. The company has a 50-day simple moving average of $19.19 and a two-hundred day simple moving average of $9.74.
Insiders Place Their Bets
In related news, CFO Saurabh Sinha sold 10,123 shares of the stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $31.09, for a total transaction of $314,724.07. Following the completion of the transaction, the chief financial officer owned 992,949 shares in the company, valued at approximately $30,870,784.41. This represents a 1.01% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Hrach Simonian sold 100,000 shares of the firm's stock in a transaction dated 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 sale, the director owned 3,597,039 shares of the company's stock, valued at $89,422,389.54. This trade represents a 2.70% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 970,051 shares of company stock valued at $13,224,093. 27.20% of the stock is currently owned by company insiders.
Institutional Investors Weigh In On Aeva Technologies
A number of hedge funds have recently modified their holdings of AEVA. Sylebra Capital LLC grew its holdings in Aeva Technologies by 56.4% during the first quarter. Sylebra Capital LLC now owns 16,228,553 shares of the company's stock valued at $113,600,000 after purchasing an additional 5,849,249 shares during the period. Parkwood LLC lifted its position in shares of Aeva Technologies by 415.7% during the 4th quarter. Parkwood LLC now owns 1,426,627 shares of the company's stock valued at $6,776,000 after buying an additional 1,150,000 shares during the last quarter. Jane Street Group LLC grew its stake in shares of 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 bought a new position in shares of Aeva Technologies during the 1st quarter worth $781,000. Finally, LPL Financial LLC purchased a new stake in Aeva Technologies in the 4th quarter worth about $451,000. Institutional investors own 62.92% of the company's stock.
Aeva Technologies Company Profile
(
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.
Featured Articles
Before you consider Aeva Technologies, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Aeva Technologies wasn't on the list.
While Aeva Technologies currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Discover the top 7 AI stocks to invest in right now. This exclusive report highlights the companies leading the AI revolution and shaping the future of technology in 2025.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.