Aeva Technologies, Inc. (NASDAQ:AEVA - Get Free Report) shares traded down 9.8% on Tuesday . The company traded as low as $29.18 and last traded at $30.31. 2,028,074 shares changed hands during mid-day trading, an increase of 32% from the average session volume of 1,540,307 shares. The stock had previously closed at $33.62.
Wall Street Analyst Weigh In
A number of equities research analysts recently weighed in on the stock. Roth Capital upped their target price on shares of Aeva Technologies from $17.00 to $30.00 and gave the stock a "buy" rating in a report on Tuesday, June 17th. Morgan Stanley upped their target price on shares of Aeva Technologies from $5.22 to $11.00 and gave the stock an "equal weight" rating in a report on Monday, May 12th. Wall Street Zen upgraded shares of Aeva Technologies from a "sell" rating to a "hold" rating in a report on Saturday, June 14th. Oppenheimer upped their target price on shares of Aeva Technologies from $9.00 to $18.00 and gave the stock an "outperform" rating in a report on Thursday, May 15th. Finally, Canaccord Genuity Group upped their target price on shares of Aeva Technologies from $9.50 to $16.00 and gave the stock a "buy" rating in a report on Thursday, May 15th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Aeva Technologies presently has an average rating of "Moderate Buy" and an average target price of $14.50.
View Our Latest Stock Report on Aeva Technologies
Aeva Technologies Trading Down 10.4%
The stock's 50-day simple moving average is $20.23 and its 200-day simple moving average is $10.23. The firm has a market capitalization of $1.66 billion, a P/E ratio of -10.64 and a beta of 1.95.
Insider Activity
In other news, CEO Soroush Salehian Dardashti sold 250,000 shares of the stock in a transaction that occurred on Monday, May 19th. The shares were sold at an average price of $15.70, for a total transaction of $3,925,000.00. Following the completion of the transaction, the chief executive officer directly owned 3,514,808 shares of the company's stock, valued at $55,182,485.60. This 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, CFO Saurabh Sinha sold 10,123 shares of the stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $31.09, for a total transaction of $314,724.07. Following the transaction, the chief financial officer directly owned 992,949 shares of the company's stock, valued at $30,870,784.41. This represents a 1.01% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 970,051 shares of company stock valued at $13,224,093. 27.20% of the stock is currently owned by company insiders.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently modified their holdings of the stock. Rhumbline Advisers lifted its stake in shares of Aeva Technologies by 13.2% during the 4th quarter. Rhumbline Advisers now owns 53,617 shares of the company's stock valued at $255,000 after buying an additional 6,238 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of Aeva Technologies by 14.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 242,376 shares of the company's stock valued at $1,151,000 after buying an additional 30,924 shares in the last quarter. Intech Investment Management LLC purchased a new stake in shares of Aeva Technologies during the 4th quarter valued at approximately $52,000. American Century Companies Inc. lifted its stake in shares of Aeva Technologies by 34.9% during the 4th quarter. American Century Companies Inc. now owns 25,689 shares of the company's stock valued at $122,000 after buying an additional 6,640 shares in the last quarter. Finally, LPL Financial LLC purchased a new stake in shares of Aeva Technologies during the 4th quarter valued at approximately $451,000. 62.92% of the stock is owned by institutional investors.
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.
Featured Articles
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Aeva Technologies, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Aeva Technologies wasn't on the list.
While Aeva Technologies currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
