Aeva Technologies (NASDAQ:AEVA) Stock Price Expected to Rise, Roth Capital Analyst Says

Aeva Technologies (NASDAQ:AEVA - Get Free Report) had its target price boosted by investment analysts at Roth Capital from $17.00 to $30.00 in a report issued on Tuesday,Benzinga reports. The firm currently has a "buy" rating on the stock. Roth Capital's price objective would suggest a potential upside of 15.12% from the company's previous close.

Several other equities analysts have also recently commented on AEVA. Wall Street Zen raised Aeva Technologies from a "sell" rating to a "hold" rating in a report on Saturday. Morgan Stanley increased 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. Oppenheimer lifted their price target on shares of Aeva Technologies from $9.00 to $18.00 and gave the company an "outperform" rating in a report on Thursday, May 15th. Finally, Canaccord Genuity Group increased their price objective on shares of Aeva Technologies from $9.50 to $16.00 and gave the company a "buy" rating in a research note on Thursday, May 15th. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $14.50.

Aeva Technologies Stock Up 1.2%

Shares of AEVA traded up $0.31 during trading hours on Tuesday, hitting $26.06. The company had a trading volume of 1,273,193 shares, compared to its average volume of 1,281,242. The business has a fifty day moving average of $13.19 and a 200-day moving average of $7.47. The firm has a market cap of $1.43 billion, a price-to-earnings ratio of -8.43 and a beta of 1.66. Aeva Technologies has a 12 month low of $2.20 and a 12 month high of $26.76.

Insider Activity

In related news, CEO Soroush Salehian Dardashti sold 250,000 shares of the business's stock in a transaction 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 transaction, the chief executive officer now owns 3,514,808 shares in the company, valued at $55,182,485.60. The trade was 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, CTO Mina Rezk sold 7,300 shares of the firm's stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $7.50, for a total value of $54,750.00. Following the completion of the sale, the chief technology officer now directly owns 8,689,369 shares of the company's stock, valued at $65,170,267.50. This trade represents a 0.08% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders acquired 4,213,506 shares of company stock valued at $24,985,345 and sold 1,067,228 shares valued at $11,550,119. Insiders own 27.20% of the company's stock.

Institutional Trading of Aeva Technologies

A number of hedge funds have recently bought and sold shares of the business. Deutsche Bank AG lifted its holdings in Aeva Technologies by 510.8% during the fourth quarter. Deutsche Bank AG now owns 45,039 shares of the company's stock valued at $214,000 after purchasing an additional 37,665 shares during the last quarter. Bank of America Corp DE boosted its stake in Aeva Technologies by 170.0% during the fourth quarter. Bank of America Corp DE now owns 48,255 shares of the company's stock valued at $229,000 after buying an additional 30,380 shares during the period. Millennium Management LLC bought a new stake in shares of Aeva Technologies during the 4th quarter valued at about $174,000. Two Sigma Investments LP grew its stake in Aeva Technologies by 308.6% in the 4th quarter. Two Sigma Investments LP now owns 74,288 shares of the company's stock worth $353,000 after buying an additional 56,107 shares in the last quarter. Finally, Jane Street Group LLC raised its position in Aeva Technologies by 2,490.3% during the fourth quarter. Jane Street Group LLC now owns 648,942 shares of the company's stock valued at $3,082,000 after purchasing an additional 623,889 shares in the last quarter. 62.92% of the stock is currently owned by institutional investors.

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.

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.