Aeva Technologies (NASDAQ:AEVA) Stock Price Up 4.7% - Time to Buy?

Aeva Technologies, Inc. (NASDAQ:AEVA - Get Free Report) shares were up 4.7% on Wednesday . The stock traded as high as $17.14 and last traded at $16.89. Approximately 704,595 shares were traded during trading, an increase of 5% from the average daily volume of 671,522 shares. The stock had previously closed at $16.13.

Analyst Ratings Changes

Several equities analysts recently weighed in on AEVA shares. Canaccord Genuity Group raised their target price on shares of 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 raised their target price on shares of Aeva Technologies from $5.22 to $11.00 and gave the company an "equal weight" rating in a research note on Monday, May 12th. Roth Capital raised their target price on shares of Aeva Technologies from $6.00 to $17.00 and gave the company a "buy" rating in a research note on Thursday, May 15th. Finally, 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. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $12.33.

Aeva Technologies Trading Up 3.5%

The firm has a market capitalization of $986.01 million, a PE ratio of -5.80 and a beta of 1.07. The business's 50 day simple moving average is $9.89 and its 200 day simple moving average is $6.10.

Insiders Place Their Bets

In other Aeva Technologies news, CEO Soroush Salehian Dardashti sold 200,000 shares of Aeva Technologies stock in a transaction on Wednesday, March 26th. The shares were sold at an average price of $5.36, for a total value of $1,072,000.00. Following the completion of the transaction, the chief executive officer now directly owns 3,764,808 shares of the company's stock, valued at $20,179,370.88. This trade represents a 5.04% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CTO Mina Rezk sold 250,000 shares of Aeva Technologies 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 transaction, the chief technology officer now directly owns 8,046,669 shares of the company's stock, valued at approximately $126,332,703.30. This represents a 3.01% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders acquired 4,213,506 shares of company stock valued at $24,985,345 and sold 1,137,228 shares valued at $11,745,419. Corporate insiders own 27.20% of the company's stock.

Hedge Funds Weigh In On Aeva Technologies

Large investors have recently made changes to their positions in the company. 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 worth $38,000 after purchasing an additional 5,469 shares during the period. PFG Investments LLC purchased a new position in shares of Aeva Technologies during the 4th quarter worth about $48,000. Intech Investment Management LLC purchased a new position in shares of Aeva Technologies during the 4th quarter worth about $52,000. Squarepoint Ops LLC purchased a new stake in Aeva Technologies in the 4th quarter valued at about $54,000. Finally, Susquehanna Fundamental Investments LLC purchased a new stake in Aeva Technologies in the 4th quarter valued at about $63,000. 62.92% of the stock is owned by hedge funds and other institutional investors.

About Aeva Technologies

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.