Aeva Technologies (NASDAQ:AEVA) Given New $30.00 Price Target at Roth Capital

Aeva Technologies (NASDAQ:AEVA - Get Free Report) had its price objective raised by stock analysts at Roth Capital from $17.00 to $30.00 in a report released on Tuesday,Benzinga reports. The firm currently has a "buy" rating on the stock. Roth Capital's price target points to a potential upside of 19.38% from the company's current price.

Several other equities research analysts also recently issued reports on AEVA. Oppenheimer boosted their price objective on Aeva Technologies from $9.00 to $18.00 and gave the company an "outperform" rating in a report on Thursday, May 15th. Canaccord Genuity Group boosted 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. Wall Street Zen upgraded Aeva Technologies from a "sell" rating to a "hold" rating in a report on Saturday, June 14th. Finally, Morgan Stanley boosted their price objective on Aeva Technologies from $5.22 to $11.00 and gave the company an "equal weight" rating in a report on Monday, May 12th. Three 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, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $14.50.

Aeva Technologies Stock Down 9.0%

NASDAQ:AEVA traded down $2.48 on Tuesday, reaching $25.13. The company's stock had a trading volume of 4,272,926 shares, compared to its average volume of 1,667,986. Aeva Technologies has a 12-month low of $2.20 and a 12-month high of $28.10. The firm has a market cap of $1.38 billion, a price-to-earnings ratio of -8.88 and a beta of 1.66. The stock has a 50 day moving average price of $14.72 and a 200 day moving average price of $8.04.

Insider Buying and Selling

In related news, Director Hrach Simonian sold 100,000 shares of the business's stock in a transaction on Monday, June 16th. The stock was sold at an average price of $24.86, for a total transaction of $2,486,000.00. Following the completion of the transaction, the director now directly owns 3,597,039 shares of the company's stock, valued at $89,422,389.54. The trade was a 2.70% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, major shareholder Sylebra Capital Llc bought 990,411 shares of the stock in a transaction that occurred on Monday, March 24th. The shares were bought at an average cost of $4.36 per share, with a total value of $4,318,191.96. Following the completion of the purchase, the insider now directly owns 11,369,715 shares in the company, valued at $49,571,957.40. This represents a 9.54% increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last three months, insiders purchased 4,213,506 shares of company stock valued at $24,985,345 and sold 1,167,228 shares valued at $14,036,119. 27.20% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in AEVA. Sylebra Capital LLC boosted its position in shares of Aeva Technologies by 56.4% during the 1st quarter. Sylebra Capital LLC now owns 16,228,553 shares of the company's stock worth $113,600,000 after acquiring an additional 5,849,249 shares in the last quarter. Parkwood LLC boosted its position in shares of Aeva Technologies by 415.7% during the 4th quarter. Parkwood LLC now owns 1,426,627 shares of the company's stock worth $6,776,000 after acquiring an additional 1,150,000 shares in the last quarter. Jane Street Group LLC boosted its position in shares of Aeva Technologies by 2,490.3% during the 4th quarter. Jane Street Group LLC now owns 648,942 shares of the company's stock worth $3,082,000 after acquiring an additional 623,889 shares in the last quarter. Informed Momentum Co LLC acquired a new position in shares of Aeva Technologies during the 1st quarter worth about $781,000. Finally, LPL Financial LLC acquired a new position in shares of Aeva Technologies during the 4th quarter worth about $451,000. 62.92% of the stock is owned by institutional investors and hedge funds.

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.