Aeva Technologies (NASDAQ:AEVA) Trading Down 1.8% - Time to Sell?

Aeva Technologies, Inc. (NASDAQ:AEVA - Get Free Report) shares dropped 1.8% during trading on Wednesday . The stock traded as low as $25.60 and last traded at $26.02. Approximately 564,655 shares traded hands during mid-day trading, a decline of 65% from the average daily volume of 1,597,089 shares. The stock had previously closed at $26.50.

Analysts Set New Price Targets

AEVA has been the subject of several research reports. Morgan Stanley raised their target price on Aeva Technologies from $5.22 to $11.00 and gave the company an "equal weight" rating in a research note on Monday, May 12th. Canaccord Genuity Group raised their target price on Aeva Technologies from $9.50 to $16.00 and gave the company a "buy" rating in a research note on Thursday, May 15th. Oppenheimer raised their target price on Aeva Technologies from $18.00 to $33.00 and gave the company an "outperform" rating in a research note on Wednesday. Wall Street Zen raised shares of Aeva Technologies from a "sell" rating to a "hold" rating in a research report on Saturday, June 14th. Finally, Roth Capital raised their price target on shares of Aeva Technologies from $17.00 to $30.00 and gave the company a "buy" rating in a research report on Tuesday, June 17th. Three analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $17.00.

Aeva Technologies Trading Up 4.7%

The firm has a market cap of $1.77 billion, a P/E ratio of -11.35 and a beta of 1.95. The company's 50-day moving average is $23.47 and its two-hundred day moving average is $11.47.

Insider Activity

In other Aeva Technologies news, Director Hrach Simonian sold 100,000 shares of Aeva Technologies stock in a transaction that occurred on Monday, June 16th. The shares were sold at an average price of $24.86, for a total transaction of $2,486,000.00. Following the transaction, the director owned 3,597,039 shares of the company's stock, valued at $89,422,389.54. This trade represents a 2.70% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CTO Mina Rezk sold 250,000 shares of Aeva Technologies stock in a transaction that occurred on Monday, May 19th. The stock was sold at an average price of $15.70, for a total transaction of $3,925,000.00. Following the transaction, the chief technology officer directly owned 8,046,669 shares in the company, valued at approximately $126,332,703.30. This represents a 3.01% decrease in their position. The disclosure for this sale can be found here. Insiders sold 1,022,164 shares of company stock worth $17,337,453 in the last quarter. 27.20% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Aeva Technologies

Several hedge funds have recently modified their holdings of the company. GAMMA Investing LLC lifted its position 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 buying an additional 415 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Aeva Technologies by 4.8% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,722 shares of the company's stock worth $96,000 after buying an additional 630 shares in the last quarter. AQR Capital Management LLC lifted its position in shares of Aeva Technologies by 29.2% during the 1st quarter. AQR Capital Management LLC now owns 20,849 shares of the company's stock worth $146,000 after buying an additional 4,707 shares in the last quarter. Barclays PLC lifted its position in shares of Aeva Technologies by 16.3% during the 4th quarter. Barclays PLC now owns 34,800 shares of the company's stock worth $166,000 after buying an additional 4,890 shares in the last quarter. Finally, Jones Financial Companies Lllp lifted its position in shares of Aeva Technologies by 27,345.0% during the 1st 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 in the last quarter. Institutional investors own 62.92% of the company's stock.

Aeva Technologies Company Profile

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.