Aeva Technologies, Inc. (NASDAQ:AEVA - Get Free Report) shares traded down 4.9% on Thursday . The company traded as low as $23.40 and last traded at $23.72. 518,307 shares changed hands during mid-day trading, a decline of 69% from the average session volume of 1,654,463 shares. The stock had previously closed at $24.93.
Analysts Set New Price Targets
A number of research analysts recently commented on the company. Canaccord Genuity Group upped 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. Oppenheimer upped their price objective on Aeva Technologies from $18.00 to $33.00 and gave the company an "outperform" rating in a report on Wednesday, July 16th. Morgan Stanley upped 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. Wall Street Zen cut Aeva Technologies from a "hold" rating to a "sell" rating in a report on Friday, July 18th. Finally, Roth Capital upped their price objective on Aeva Technologies from $17.00 to $30.00 and gave the company a "buy" rating in a report on Tuesday, June 17th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $17.00.
Get Our Latest Analysis on Aeva Technologies
Aeva Technologies Stock Down 2.0%
The stock has a market capitalization of $1.27 billion, a PE ratio of -8.16 and a beta of 1.95. The firm's fifty day moving average is $24.75 and its 200-day moving average is $12.21.
Insider Activity at Aeva Technologies
In other Aeva Technologies news, CTO Mina Rezk sold 250,000 shares of the stock in a transaction dated Monday, May 19th. The shares were sold at an average price of $15.70, for a total value of $3,925,000.00. Following the completion of the transaction, the chief technology officer directly owned 8,046,669 shares of the company's stock, valued at approximately $126,332,703.30. This trade represents a 3.01% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Soroush Salehian Dardashti sold 250,000 shares of the firm's 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 executive officer directly owned 3,514,808 shares of the company's stock, valued at approximately $55,182,485.60. This trade represents a 6.64% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 897,164 shares of company stock valued at $16,544,953. 27.20% of the stock is currently owned by corporate insiders.
Institutional Trading of Aeva Technologies
Several hedge funds and other institutional investors have recently bought and sold shares of AEVA. Bank of America Corp DE boosted its holdings in shares of Aeva Technologies by 170.0% in the 4th quarter. Bank of America Corp DE now owns 48,255 shares of the company's stock valued at $229,000 after purchasing an additional 30,380 shares during the last quarter. Deutsche Bank AG lifted its holdings in shares of Aeva Technologies by 510.8% during the 4th quarter. Deutsche Bank AG now owns 45,039 shares of the company's stock valued at $214,000 after acquiring an additional 37,665 shares in the last quarter. Millennium Management LLC acquired a new position in shares of Aeva Technologies during the 4th quarter valued at $174,000. Two Sigma Investments LP lifted its holdings in shares of Aeva Technologies by 308.6% during the 4th quarter. Two Sigma Investments LP now owns 74,288 shares of the company's stock valued at $353,000 after acquiring an additional 56,107 shares in the last quarter. Finally, Jane Street Group LLC lifted its holdings 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 valued at $3,082,000 after acquiring an additional 623,889 shares in the last quarter. 62.92% of the stock is owned by hedge funds and other 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.
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