Aeva Technologies, Inc. (NASDAQ:AEVA - Get Free Report) shares rose 6.6% during trading on Tuesday . The stock traded as high as $18.69 and last traded at $18.46. Approximately 542,600 shares traded hands during mid-day trading, a decline of 56% from the average daily volume of 1,223,778 shares. The stock had previously closed at $17.32.
Analyst Ratings Changes
AEVA has been the topic of several research analyst reports. Oppenheimer raised their price objective on Aeva Technologies from $9.00 to $18.00 and gave the company an "outperform" rating in a report on Thursday, May 15th. Roth Capital raised their price objective on Aeva Technologies from $6.00 to $17.00 and gave the company a "buy" rating in a report on Thursday, May 15th. Morgan Stanley lifted 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, Canaccord Genuity Group lifted their price target on Aeva Technologies from $9.50 to $16.00 and gave the stock a "buy" rating in a research note on Thursday, May 15th. Two 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 company has an average rating of "Moderate Buy" and an average price target of $12.33.
Read Our Latest Stock Report on AEVA
Aeva Technologies Price Performance
The stock has a 50 day moving average price of $10.90 and a 200-day moving average price of $6.52. The stock has a market capitalization of $1.05 billion, a price-to-earnings ratio of -6.17 and a beta of 1.66.
Insider Buying and Selling
In other Aeva Technologies news, CTO Mina Rezk sold 250,000 shares of Aeva Technologies stock in a transaction on Monday, May 19th. The stock was sold at an average price of $15.70, for a total value of $3,925,000.00. Following the sale, the chief technology officer now owns 8,046,669 shares in the company, valued at $126,332,703.30. The trade was a 3.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 sale, the chief executive officer now owns 3,764,808 shares in the company, valued at $20,179,370.88. This represents a 5.04% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have purchased 4,213,506 shares of company stock worth $24,985,345 and have sold 1,137,228 shares worth $11,745,419. 27.20% of the stock is currently owned by company insiders.
Institutional Investors Weigh In On Aeva Technologies
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Jones Financial Companies Lllp raised its position in Aeva Technologies by 27,345.0% in the first quarter. Jones Financial Companies Lllp now owns 5,489 shares of the company's stock valued at $38,000 after purchasing an additional 5,469 shares during the period. Intech Investment Management LLC purchased a new stake in shares of Aeva Technologies in the 4th quarter valued at $52,000. Squarepoint Ops LLC purchased a new stake in shares of Aeva Technologies in the 4th quarter valued at $54,000. Susquehanna Fundamental Investments LLC purchased a new stake in shares of Aeva Technologies in the 4th quarter valued at $63,000. Finally, Advisory Services Network LLC purchased a new stake in shares of Aeva Technologies in the 4th quarter valued at $78,000. Hedge funds and other institutional investors own 62.92% of the company's stock.
About Aeva Technologies
(
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.
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