Aeva Technologies (NASDAQ:AEVA) Upgraded to "Hold" at Wall Street Zen

Aeva Technologies (NASDAQ:AEVA - Get Free Report) was upgraded by stock analysts at Wall Street Zen from a "sell" rating to a "hold" rating in a report released on Saturday.

Other analysts also recently issued research reports about the stock. Canaccord Genuity Group increased their target price on shares of Aeva Technologies from $9.50 to $16.00 and gave the company a "buy" rating in a research report on Thursday, May 15th. Morgan Stanley increased their target price on shares of Aeva Technologies from $5.22 to $11.00 and gave the company an "equal weight" rating in a research report on Monday, May 12th. Roth Capital raised their price objective on shares of Aeva Technologies from $6.00 to $17.00 and gave the stock a "buy" rating in a research report on Thursday, May 15th. Finally, Oppenheimer lifted their price objective on shares of Aeva Technologies from $9.00 to $18.00 and gave the company an "outperform" rating in a research note on Thursday, May 15th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $12.33.

Aeva Technologies Stock Performance

NASDAQ:AEVA opened at $23.06 on Friday. The company has a market capitalization of $1.27 billion, a PE ratio of -7.46 and a beta of 1.66. The company has a 50 day simple moving average of $12.79 and a two-hundred day simple moving average of $7.28. Aeva Technologies has a fifty-two week low of $2.20 and a fifty-two week high of $24.24.

Insider Activity

In related news, CTO Mina Rezk sold 7,300 shares of Aeva Technologies stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $7.50, for a total value of $54,750.00. Following the completion of the sale, the chief technology officer now owns 8,689,369 shares of the company's stock, valued at approximately $65,170,267.50. This trade represents a 0.08% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, major shareholder Sylebra Capital Llc purchased 1,333,188 shares of Aeva Technologies stock in a transaction that occurred on Friday, March 28th. The stock was acquired at an average cost of $6.70 per share, with a total value of $8,932,359.60. Following the transaction, the insider now owns 15,160,256 shares in the company, valued at $101,573,715.20. This trade represents a 9.64% increase in their position. The disclosure for this purchase can be found here. In the last quarter, insiders purchased 4,213,506 shares of company stock worth $24,985,345 and sold 1,067,228 shares worth $11,550,119. 27.20% of the stock is currently owned by company insiders.

Institutional Trading of Aeva Technologies

Hedge funds have recently bought and sold shares of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in 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 valued at $96,000 after acquiring an additional 630 shares in the last quarter. AQR Capital Management LLC lifted its stake in Aeva Technologies by 29.2% during the 1st quarter. AQR Capital Management LLC now owns 20,849 shares of the company's stock valued at $146,000 after acquiring an additional 4,707 shares in the last quarter. Barclays PLC lifted its stake in Aeva Technologies by 16.3% during the 4th quarter. Barclays PLC now owns 34,800 shares of the company's stock valued at $166,000 after acquiring an additional 4,890 shares in the last quarter. Jones Financial Companies Lllp lifted its stake in 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 acquiring an additional 5,469 shares in the last quarter. Finally, Rhumbline Advisers lifted its stake in Aeva Technologies by 13.2% during the 4th quarter. Rhumbline Advisers now owns 53,617 shares of the company's stock valued at $255,000 after acquiring an additional 6,238 shares in the last quarter. Institutional investors and hedge funds 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.

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