Aeva Technologies (NASDAQ:AEVA) Trading Up 6.6% Following Analyst Upgrade

Aeva Technologies, Inc. (NASDAQ:AEVA - Get Free Report)'s share price rose 6.6% during mid-day trading on Wednesday after Roth Capital raised their price target on the stock from $17.00 to $30.00. Roth Capital currently has a buy rating on the stock. Aeva Technologies traded as high as $27.85 and last traded at $27.53. Approximately 761,081 shares traded hands during trading, a decline of 41% from the average daily volume of 1,285,382 shares. The stock had previously closed at $25.82.

Several other research analysts also recently commented on AEVA. Canaccord Genuity Group lifted their price target on shares of Aeva Technologies from $9.50 to $16.00 and gave the stock a "buy" rating in a research note on Thursday, May 15th. Oppenheimer increased their target price 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. 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. Finally, Wall Street Zen upgraded shares of Aeva Technologies from a "sell" rating to a "hold" rating in a report on Saturday. Three equities 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.com, the company presently has an average rating of "Moderate Buy" and an average target price of $14.50.

Insider Transactions at Aeva Technologies

In related news, CTO Mina Rezk sold 7,300 shares of the company's stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $7.50, for a total value of $54,750.00. Following the transaction, the chief technology officer now directly owns 8,689,369 shares of the company's stock, valued at approximately $65,170,267.50. This represents a 0.08% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Soroush Salehian Dardashti sold 250,000 shares of Aeva Technologies stock in a transaction dated 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 completion of the sale, the chief executive officer now owns 3,514,808 shares of the company's stock, 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. In the last ninety days, insiders have purchased 4,213,506 shares of company stock valued at $24,985,345 and have sold 1,067,228 shares valued at $11,550,119. Insiders own 27.20% of the company's stock.

Institutional Trading of Aeva Technologies

Several large investors have recently modified their holdings of the company. Jones Financial Companies Lllp grew its stake 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 valued at $38,000 after purchasing an additional 5,469 shares during the period. Intech Investment Management LLC purchased a new position in Aeva Technologies during the fourth quarter valued at $52,000. Squarepoint Ops LLC bought a new stake in Aeva Technologies during the fourth quarter valued at about $54,000. Susquehanna Fundamental Investments LLC purchased a new stake in Aeva Technologies in the fourth quarter worth about $63,000. Finally, Advisory Services Network LLC bought a new position in shares of Aeva Technologies in the fourth quarter worth about $78,000. Institutional investors own 62.92% of the company's stock.

Aeva Technologies Trading Up 6.6%

The stock has a 50 day moving average of $13.56 and a 200-day moving average of $7.60. The company has a market capitalization of $1.51 billion, a P/E ratio of -9.73 and a beta of 1.66.

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.

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