Aeva Technologies, Inc. (NASDAQ:AEVA - Get Free Report) traded down 6.3% during mid-day trading on Tuesday . The stock traded as low as $15.13 and last traded at $15.16. 244,789 shares traded hands during mid-day trading, a decline of 87% from the average session volume of 1,865,255 shares. The stock had previously closed at $16.18.
Wall Street Analyst Weigh In
A number of analysts have recently weighed in on AEVA shares. Morgan Stanley raised their price objective on Aeva Technologies from $11.00 to $19.00 and gave the stock an "equal weight" rating in a research report on Friday, August 1st. Oppenheimer boosted their price target on Aeva Technologies from $18.00 to $33.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 16th. Roth Capital lifted their target price on shares of Aeva Technologies from $17.00 to $30.00 and gave the stock a "buy" rating in a research note on Tuesday, June 17th. Finally, Wall Street Zen lowered shares of Aeva Technologies from a "hold" rating to a "sell" rating in a research note on Saturday. Five investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $18.33.
Read Our Latest Stock Analysis on AEVA
Aeva Technologies Stock Up 6.8%
The business has a 50 day moving average price of $17.44 and a 200 day moving average price of $15.37. The stock has a market cap of $1.03 billion, a PE ratio of -3.32 and a beta of 2.00.
Aeva Technologies (NASDAQ:AEVA - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The company reported ($0.55) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.53) by ($0.02). The business had revenue of $5.51 million for the quarter, compared to analysts' expectations of $3.40 million. Aeva Technologies had a negative return on equity of 287.71% and a negative net margin of 2,178.31%. On average, research analysts predict that Aeva Technologies, Inc. will post -2.7 earnings per share for the current fiscal year.
Insider Buying and Selling at Aeva Technologies
In other Aeva Technologies news, CTO Mina Rezk sold 250,000 shares of the stock in a transaction dated Monday, August 11th. The shares were sold at an average price of $13.48, for a total value of $3,370,000.00. Following the completion of the sale, the chief technology officer owned 3,236,669 shares in the company, valued at approximately $43,630,298.12. This represents a 7.17% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Saurabh Sinha sold 160,000 shares of the company's stock in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $13.33, for a total value of $2,132,800.00. Following the completion of the sale, the chief financial officer owned 810,710 shares of the company's stock, valued at $10,806,764.30. This trade represents a 16.48% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 818,822 shares of company stock valued at $13,961,215 over the last quarter. 27.20% of the stock is currently owned by insiders.
Institutional Trading of Aeva Technologies
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. GAMMA Investing LLC raised its holdings in shares of Aeva Technologies by 92.2% during the 2nd quarter. GAMMA Investing LLC now owns 865 shares of the company's stock worth $33,000 after acquiring an additional 415 shares during the period. Quantbot Technologies LP acquired a new position in Aeva Technologies in the 2nd quarter valued at about $36,000. Total Investment Management Inc. purchased a new stake in shares of Aeva Technologies in the 2nd quarter valued at approximately $43,000. AlphaQuest LLC acquired a new stake in Aeva Technologies during the second quarter worth $51,000. Finally, Nisa Investment Advisors LLC grew its holdings in shares of Aeva Technologies by 356.3% during the 2nd quarter. Nisa Investment Advisors LLC now owns 2,122 shares of the company's stock worth $80,000 after purchasing an additional 1,657 shares during the period. 62.92% of the stock is owned by institutional investors and hedge funds.
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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