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

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

A number of other research firms also recently weighed in on AEVA. 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. Oppenheimer increased their target price on Aeva Technologies from $9.00 to $18.00 and gave the stock an "outperform" rating in a report on Thursday, May 15th. Canaccord Genuity Group increased their price target on Aeva Technologies from $9.50 to $16.00 and gave the company a "buy" rating in a research report on Thursday, May 15th. Finally, Roth Capital raised their target price on Aeva Technologies from $6.00 to $17.00 and gave the company a "buy" rating in a research report on Thursday, May 15th. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $14.50.

Aeva Technologies Trading Up 0.3%

NASDAQ:AEVA traded up $0.07 on Friday, reaching $25.82. 2,275,324 shares of the stock traded hands, compared to its average volume of 2,067,314. The firm has a market capitalization of $1.42 billion, a price-to-earnings ratio of -9.12 and a beta of 1.66. The company's 50 day moving average is $13.56 and its 200-day moving average is $7.60. Aeva Technologies has a 1-year low of $2.20 and a 1-year high of $26.76.

Insider Buying and Selling

In other news, CTO Mina Rezk sold 250,000 shares of the business'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 technology officer now directly owns 8,046,669 shares of the company's stock, valued at approximately $126,332,703.30. The trade was a 3.01% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Sylebra Capital Llc bought 821,610 shares of Aeva Technologies stock in a transaction dated Wednesday, March 26th. The shares were acquired at an average cost of $5.48 per share, for a total transaction of $4,502,422.80. Following the completion of the purchase, the insider now directly owns 12,669,326 shares of the company's stock, valued at approximately $69,427,906.48. This trade represents a 6.93% increase in their position. The disclosure for this purchase can be found here. In the last quarter, insiders bought 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 corporate insiders.

Institutional Investors Weigh In On Aeva Technologies

Several hedge funds have recently made changes to their positions in the company. Sylebra Capital LLC boosted its position in shares of Aeva Technologies by 56.4% during the first quarter. Sylebra Capital LLC now owns 16,228,553 shares of the company's stock valued at $113,600,000 after purchasing an additional 5,849,249 shares in the last quarter. Parkwood LLC boosted its position in shares of Aeva Technologies by 415.7% during the fourth quarter. Parkwood LLC now owns 1,426,627 shares of the company's stock valued at $6,776,000 after purchasing an additional 1,150,000 shares in the last quarter. Jane Street Group LLC boosted its position in shares of Aeva Technologies by 2,490.3% during the fourth quarter. Jane Street Group LLC now owns 648,942 shares of the company's stock valued at $3,082,000 after purchasing an additional 623,889 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Aeva Technologies by 1.5% during the fourth quarter. Geode Capital Management LLC now owns 621,191 shares of the company's stock valued at $2,951,000 after purchasing an additional 9,318 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of Aeva Technologies by 14.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 242,376 shares of the company's stock valued at $1,151,000 after purchasing an additional 30,924 shares in the last quarter. 62.92% of the stock is currently owned by institutional investors.

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.