Aeva Technologies, Inc. (NASDAQ:AEVA - Get Free Report)'s share price rose 4.7% during mid-day trading on Wednesday . The stock traded as high as $30.64 and last traded at $30.02. Approximately 1,795,164 shares were traded during trading, an increase of 20% from the average daily volume of 1,498,452 shares. The stock had previously closed at $28.66.
Analysts Set New Price Targets
Several equities research analysts have commented on AEVA shares. Wall Street Zen raised shares of Aeva Technologies from a "sell" rating to a "hold" rating in a report on Saturday, June 14th. Roth Capital upped their target price on Aeva Technologies from $17.00 to $30.00 and gave the stock a "buy" rating in a research note on Tuesday, June 17th. Canaccord Genuity Group raised their target price on Aeva Technologies from $9.50 to $16.00 and gave the stock a "buy" rating in a report on Thursday, May 15th. Morgan Stanley boosted their price target on Aeva Technologies from $5.22 to $11.00 and gave the company an "equal weight" rating in a report on Monday, May 12th. Finally, Oppenheimer upped their price objective on Aeva Technologies from $9.00 to $18.00 and gave the stock an "outperform" rating in a research report on Thursday, May 15th. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat.com, Aeva Technologies presently has an average rating of "Moderate Buy" and a consensus target price of $14.50.
Get Our Latest Analysis on AEVA
Aeva Technologies Stock Performance
The firm has a market capitalization of $1.81 billion, a price-to-earnings ratio of -11.62 and a beta of 1.95. The company has a 50 day moving average price of $18.68 and a two-hundred day moving average price of $9.54.
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 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 sale, the chief technology officer 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Soroush Salehian Dardashti sold 250,000 shares of the business's stock in a transaction on Monday, May 19th. The stock was sold at an average price of $15.70, for a total value of $3,925,000.00. Following the transaction, the chief executive officer directly owned 3,514,808 shares in the company, valued at $55,182,485.60. This trade represents a 6.64% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 959,928 shares of company stock valued at $12,909,369 over the last ninety days. Corporate insiders own 27.20% of the company's stock.
Institutional Investors Weigh In On Aeva Technologies
Hedge funds have recently modified their holdings of the company. Jones Financial Companies Lllp boosted its holdings in Aeva Technologies by 27,345.0% in the 1st 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 last quarter. Intech Investment Management LLC acquired a new stake in Aeva Technologies during the 4th quarter worth approximately $52,000. Squarepoint Ops LLC acquired a new position in shares of Aeva Technologies during the fourth quarter worth about $54,000. Susquehanna Fundamental Investments LLC acquired a new stake in Aeva Technologies in the fourth quarter valued at $63,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Aeva Technologies by 4.8% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,722 shares of the company's stock valued at $96,000 after purchasing an additional 630 shares during the last quarter. Hedge funds and other institutional investors own 62.92% of the company's stock.
About Aeva Technologies
(
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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