Aeva Technologies (NASDAQ:AEVA) Shares Down 4.9% - What's Next?

Shares of Aeva Technologies, Inc. (NASDAQ:AEVA - Get Free Report) were down 4.9% during trading on Thursday . The stock traded as low as $23.40 and last traded at $23.72. Approximately 518,307 shares were traded during trading, a decline of 69% from the average daily volume of 1,654,463 shares. The stock had previously closed at $24.93.

Analyst Upgrades and Downgrades

Several research firms have weighed in on AEVA. Canaccord Genuity Group upped their price target on Aeva Technologies from $9.50 to $16.00 and gave the stock a "buy" rating in a research note on Thursday, May 15th. Roth Capital boosted 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. Wall Street Zen lowered shares of Aeva Technologies from a "hold" rating to a "sell" rating in a research report on Friday, July 18th. Oppenheimer lifted their price target on shares of Aeva Technologies from $18.00 to $33.00 and gave the company an "outperform" rating in a report on Wednesday, July 16th. Finally, Morgan Stanley boosted their price target on shares of Aeva Technologies from $5.22 to $11.00 and gave the stock an "equal weight" rating in a research note on Monday, May 12th. One 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 data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $17.00.

Aeva Technologies Stock Performance

The firm has a market capitalization of $1.18 billion, a PE ratio of -7.59 and a beta of 1.95. The company has a fifty day moving average price of $24.81 and a 200-day moving average price of $12.44.

Insider Buying and Selling at Aeva Technologies

In other Aeva Technologies news, CTO Mina Rezk sold 250,000 shares of the 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 completion of the transaction, the chief technology officer owned 8,046,669 shares in the company, valued at $126,332,703.30. This trade represents a 3.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Soroush Salehian Dardashti sold 250,000 shares of the company's stock in a transaction dated 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 owned 3,514,808 shares in the company, valued at $55,182,485.60. The trade was a 6.64% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 897,164 shares of company stock worth $16,544,953 over the last three months. 27.20% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of AEVA. GAMMA Investing LLC grew its position in Aeva Technologies by 92.2% in the 2nd quarter. GAMMA Investing LLC now owns 865 shares of the company's stock valued at $33,000 after acquiring an additional 415 shares during the last quarter. Jones Financial Companies Lllp boosted its stake in shares of Aeva Technologies by 27,345.0% during the first quarter. Jones Financial Companies Lllp now owns 5,489 shares of the company's stock valued at $38,000 after purchasing an additional 5,469 shares during the period. Intech Investment Management LLC bought a new position in shares of Aeva Technologies in the fourth quarter worth about $52,000. Squarepoint Ops LLC purchased a new position in Aeva Technologies in the 4th quarter worth about $54,000. Finally, Susquehanna Fundamental Investments LLC bought a new stake in Aeva Technologies during the 4th quarter valued at about $63,000. 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.