Aeva Technologies (NASDAQ:AEVA) Stock Price Up 8.4% - Still a Buy?

Aeva Technologies, Inc. (NASDAQ:AEVA - Get Free Report) shares rose 8.4% during mid-day trading on Thursday . The company traded as high as $31.70 and last traded at $31.63. Approximately 552,327 shares traded hands during mid-day trading, a decline of 59% from the average daily volume of 1,357,318 shares. The stock had previously closed at $29.17.

Analyst Ratings Changes

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

Aeva Technologies Stock Performance

The company has a 50 day simple moving average of $17.12 and a two-hundred day simple moving average of $8.99.

Insider Activity

In other Aeva Technologies news, CEO Soroush Salehian Dardashti sold 250,000 shares of the firm's stock in a transaction on 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 executive officer now owns 3,514,808 shares in the company, valued at $55,182,485.60. This trade represents a 6.64% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Sylebra Capital Llc acquired 1,068,297 shares of the stock in a transaction on Monday, March 31st. The shares were bought at an average price of $6.77 per share, for a total transaction of $7,232,370.69. Following the purchase, the insider now owns 16,228,553 shares in the company, valued at approximately $109,867,303.81. This trade represents a 7.05% increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last ninety days, insiders have sold 967,228 shares of company stock worth $12,964,119. Company insiders own 27.20% of the company's stock.

Institutional Investors Weigh In On Aeva Technologies

A number of hedge funds and other institutional investors have recently bought and sold shares of AEVA. Jones Financial Companies Lllp lifted its holdings in 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 buying an additional 5,469 shares during the period. Intech Investment Management LLC bought a new stake in Aeva Technologies during the 4th quarter worth approximately $52,000. Squarepoint Ops LLC bought a new stake in Aeva Technologies during the 4th quarter worth approximately $54,000. Susquehanna Fundamental Investments LLC purchased a new position in Aeva Technologies in the fourth quarter worth $63,000. Finally, Advisory Services Network LLC purchased a new stake in Aeva Technologies during the fourth quarter worth about $78,000. Institutional investors own 62.92% of the company's stock.

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.