Shares of Aeva Technologies, Inc. (NASDAQ:AEVA - Get Free Report) rose 8.8% on Friday . The company traded as high as $24.43 and last traded at $24.40. Approximately 822,228 shares changed hands during mid-day trading, a decline of 65% from the average session volume of 2,323,077 shares. The stock had previously closed at $22.42.
Wall Street Analyst Weigh In
A number of equities research analysts recently commented on AEVA shares. Wall Street Zen cut Aeva Technologies from a "sell" rating to a "strong sell" rating in a research note on Saturday, August 8th. Oppenheimer restated an "outperform" rating and set a $42.00 target price on shares of Aeva Technologies in a report on Thursday, August 6th. Canaccord Genuity Group boosted their target price on Aeva Technologies from $24.00 to $26.00 and gave the stock a "buy" rating in a research report on Thursday, August 6th. Morgan Stanley upped their price target on Aeva Technologies from $18.50 to $27.00 and gave the company an "equal weight" rating in a research note on Friday, August 7th. Finally, Weiss Ratings reiterated a "sell (d-)" rating on shares of Aeva Technologies in a research report on Friday, August 7th. Two equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $31.67.
Check Out Our Latest Stock Report on AEVA
Aeva Technologies Price Performance
The company has a current ratio of 7.85, a quick ratio of 7.63 and a debt-to-equity ratio of 3.52. The firm has a market cap of $1.49 billion, a P/E ratio of -8.68 and a beta of 2.47. The company has a fifty day moving average price of $21.37 and a two-hundred day moving average price of $17.92.
Insiders Place Their Bets
In other Aeva Technologies news, CTO Mina Rezk sold 100,000 shares of Aeva Technologies stock in a transaction that occurred on Monday, August 10th. The shares were sold at an average price of $24.01, for a total value of $2,401,000.00. Following the transaction, the chief technology officer owned 1,606,669 shares of the company's stock, valued at approximately $38,576,122.69. The trade was a 5.86% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Saurabh Sinha sold 6,830 shares of Aeva Technologies stock in a transaction that occurred on Monday, July 27th. The shares were sold at an average price of $15.40, for a total transaction of $105,182.00. Following the completion of the transaction, the chief financial officer directly owned 651,372 shares in the company, valued at approximately $10,031,128.80. The trade was a 1.04% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last three months, insiders have sold 1,222,344 shares of company stock worth $29,083,486. Company insiders own 36.70% of the company's stock.
Hedge Funds Weigh In On Aeva Technologies
A number of large investors have recently added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Aeva Technologies by 4.8% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,722 shares of the company's stock worth $96,000 after buying an additional 630 shares during the period. The Manufacturers Life Insurance Company boosted its stake in shares of Aeva Technologies by 8.4% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 11,467 shares of the company's stock worth $433,000 after buying an additional 884 shares during the last quarter. Quantbot Technologies LP acquired a new position in Aeva Technologies during the second quarter valued at approximately $36,000. Rockefeller Capital Management L.P. boosted its holdings in shares of Aeva Technologies by 19.3% in the 4th quarter. Rockefeller Capital Management L.P. now owns 7,159 shares of the company's stock valued at $95,000 after buying an additional 1,159 shares during the last quarter. Finally, MetLife Investment Management LLC grew its position in shares of Aeva Technologies by 7.6% in the 4th quarter. MetLife Investment Management LLC now owns 20,001 shares of the company's stock valued at $266,000 after acquiring an additional 1,409 shares during the period. Institutional investors own 62.92% of the company's stock.
About Aeva Technologies
(
Get Free Report)
Aeva Technologies, Inc is a technology company specializing in the development and commercialization of advanced sensing and perception solutions based on frequency-modulated continuous wave (FMCW) LiDAR. Headquartered in Mountain View, California, Aeva's core products include solid-state LiDAR sensors and perception software designed to provide high-resolution, long-range 4D data for automotive, industrial and robotic applications. The company's FMCW approach enables simultaneous measurement of both object velocity and distance, distinguishing Aeva's systems from traditional time-of-flight LiDAR solutions.
Founded in 2016 by Soroush Salehian and Mina Rezk, Aeva began as Aeon Imaging before adopting its current name in 2019.
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