Aeva Technologies, Inc. (NASDAQ:AEVA - Get Free Report) shares traded down 5.4% on Thursday . The stock traded as low as $19.34 and last traded at $19.42. 1,114,564 shares changed hands during mid-day trading, a decline of 10% from the average session volume of 1,244,697 shares. The stock had previously closed at $20.53.
Analyst Ratings Changes
AEVA has been the topic of a number of recent analyst reports. Oppenheimer upped their price target on Aeva Technologies from $9.00 to $18.00 and gave the stock an "outperform" rating in a research report on Thursday, May 15th. Roth Capital upped their target price on Aeva Technologies from $6.00 to $17.00 and gave the company a "buy" rating in a research report on Thursday, May 15th. Morgan Stanley raised their price target on Aeva Technologies from $5.22 to $11.00 and gave the stock an "equal weight" rating in a report on Monday, May 12th. Finally, Canaccord Genuity Group upped their price objective on shares of Aeva Technologies from $9.50 to $16.00 and gave the company a "buy" rating in a report on Thursday, May 15th. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $12.33.
Read Our Latest Stock Report on Aeva Technologies
Aeva Technologies Stock Performance
The business's 50 day moving average is $11.17 and its 200 day moving average is $6.66. The company has a market capitalization of $1.15 billion, a price-to-earnings ratio of -6.76 and a beta of 1.66.
Insider Activity
In other news, CEO Soroush Salehian Dardashti sold 200,000 shares of the company's stock in a transaction dated Wednesday, March 26th. The stock was sold at an average price of $5.36, for a total value of $1,072,000.00. Following 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Sylebra Capital Llc bought 1,333,188 shares of the stock in a transaction dated Friday, March 28th. The stock was bought at an average price of $6.70 per share, for a total transaction of $8,932,359.60. Following the purchase, the insider now directly owns 15,160,256 shares of the company's stock, valued at approximately $101,573,715.20. The trade was a 9.64% increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last three months, insiders have bought 4,213,506 shares of company stock valued at $24,985,345 and have sold 1,137,228 shares valued at $11,745,419. Corporate insiders own 27.20% of the company's stock.
Institutional Trading of Aeva Technologies
A number of hedge funds have recently modified their holdings of AEVA. Jones Financial Companies Lllp boosted its stake in shares of Aeva Technologies by 27,345.0% in the first 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 last quarter. Intech Investment Management LLC purchased a new position in Aeva Technologies during the fourth quarter worth approximately $52,000. Squarepoint Ops LLC purchased a new position in Aeva Technologies during the fourth quarter worth approximately $54,000. Susquehanna Fundamental Investments LLC purchased a new position in Aeva Technologies during the fourth quarter worth approximately $63,000. Finally, Advisory Services Network LLC purchased a new position in Aeva Technologies during the fourth quarter worth approximately $78,000. Hedge funds and other institutional investors own 62.92% of the company's stock.
Aeva Technologies Company Profile
(
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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