Aeva Technologies (NASDAQ:AEVA) Trading Up 6.6% - Should You Buy?

Aeva Technologies, Inc. (NASDAQ:AEVA - Get Free Report)'s stock price traded up 6.6% during trading on Tuesday . The stock traded as high as $18.69 and last traded at $18.46. 542,600 shares traded hands during mid-day trading, a decline of 56% from the average session volume of 1,223,778 shares. The stock had previously closed at $17.32.

Analysts Set New Price Targets

AEVA has been the topic of a number of analyst reports. Oppenheimer lifted their price objective on Aeva Technologies from $9.00 to $18.00 and gave the stock an "outperform" rating in a research report on Thursday, May 15th. Canaccord Genuity Group raised their target price on Aeva Technologies from $9.50 to $16.00 and gave the stock a "buy" rating in a research note on Thursday, May 15th. Roth Capital boosted their price target on shares of Aeva Technologies from $6.00 to $17.00 and gave the company a "buy" rating in a research report on Thursday, May 15th. Finally, Morgan Stanley lifted 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. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $12.33.

Aeva Technologies Trading Up 9.7%

The firm's fifty day moving average is $11.17 and its 200-day moving average is $6.66. The stock has a market capitalization of $1.15 billion, a PE ratio of -6.76 and a beta of 1.66.

Insider Buying and Selling at Aeva Technologies

In other news, major shareholder Sylebra Capital Llc bought 1,333,188 shares of the firm's stock in a transaction that occurred on Friday, March 28th. The shares were purchased at an average price of $6.70 per share, with a total value of $8,932,359.60. Following the purchase, the insider now owns 15,160,256 shares in the company, valued at approximately $101,573,715.20. The trade was a 9.64% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CTO Mina Rezk sold 70,000 shares of Aeva Technologies stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $2.79, for a total value of $195,300.00. Following the completion of the transaction, the chief technology officer now directly owns 8,696,669 shares of the company's stock, valued at approximately $24,263,706.51. This represents a 0.80% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders purchased 4,213,506 shares of company stock worth $24,985,345 and sold 1,137,228 shares worth $11,745,419. Company insiders own 27.20% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Rhumbline Advisers increased its stake in Aeva Technologies by 13.2% during the 4th quarter. Rhumbline Advisers now owns 53,617 shares of the company's stock worth $255,000 after buying an additional 6,238 shares during the period. SBI Securities Co. Ltd. acquired a new position in shares of Aeva Technologies in the fourth quarter worth $88,000. Charles Schwab Investment Management Inc. increased its position in shares of Aeva Technologies by 14.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 242,376 shares of the company's stock worth $1,151,000 after acquiring an additional 30,924 shares during the period. Intech Investment Management LLC acquired a new stake in shares of Aeva Technologies in the fourth quarter valued at $52,000. Finally, American Century Companies Inc. boosted its holdings in Aeva Technologies by 34.9% in the fourth quarter. American Century Companies Inc. now owns 25,689 shares of the company's stock valued at $122,000 after purchasing an additional 6,640 shares during the period. Hedge funds and other 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.