Informed Momentum Co LLC Makes New $781,000 Investment in Aeva Technologies, Inc. (NASDAQ:AEVA)

Key Points

• Informed Momentum Co LLC acquired approximately 111,598 shares of Aeva Technologies, valued at $781,000, during the first quarter, representing a 0.20% stake in the company.
• Several hedge funds significantly increased their holdings in Aeva Technologies in the last quarter, including Parkwood LLC, which raised its stake by 415.7%.
• Analysts have set a consensus target price of $18.33 for Aeva Technologies, with ratings ranging from "hold" to "buy" from various research firms.

Informed Momentum Co LLC bought a new position in shares of Aeva Technologies, Inc. (NASDAQ:AEVA - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 111,598 shares of the company's stock, valued at approximately $781,000. Informed Momentum Co LLC owned about 0.20% of Aeva Technologies as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently bought and sold shares of the company. Parkwood LLC grew its holdings in Aeva Technologies by 415.7% during the 4th quarter. Parkwood LLC now owns 1,426,627 shares of the company's stock worth $6,776,000 after acquiring an additional 1,150,000 shares in the last quarter. Jane Street Group LLC grew its holdings in Aeva Technologies by 2,490.3% during the 4th quarter. Jane Street Group LLC now owns 648,942 shares of the company's stock worth $3,082,000 after acquiring an additional 623,889 shares in the last quarter. LPL Financial LLC acquired a new position in Aeva Technologies during the 4th quarter worth $451,000. Two Sigma Investments LP boosted its holdings in shares of Aeva Technologies by 308.6% in the 4th quarter. Two Sigma Investments LP now owns 74,288 shares of the company's stock valued at $353,000 after buying an additional 56,107 shares during the period. Finally, Invesco Ltd. acquired a new position in shares of Aeva Technologies in the 1st quarter valued at about $325,000. Institutional investors and hedge funds own 62.92% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. Wall Street Zen upgraded shares of Aeva Technologies from a "sell" rating to a "hold" rating in a research report on Saturday, August 9th. Oppenheimer boosted their target price on shares of Aeva Technologies from $18.00 to $33.00 and gave the stock an "outperform" rating in a report on Wednesday, July 16th. Canaccord Genuity Group raised their target price on shares of Aeva Technologies from $9.50 to $16.00 and gave the stock a "buy" rating in a report on Thursday, May 15th. Morgan Stanley upped their price target on shares of Aeva Technologies from $11.00 to $19.00 and gave the company an "equal weight" rating in a research report on Friday, August 1st. Finally, Roth Capital boosted their target price on shares of Aeva Technologies from $17.00 to $30.00 and gave the company a "buy" rating in a research note on Tuesday, June 17th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $18.33.

Insider Activity

In other Aeva Technologies news, Director Hrach Simonian sold 100,000 shares of Aeva Technologies stock in a transaction on Monday, June 16th. The shares were sold at an average price of $24.86, for a total transaction of $2,486,000.00. Following the completion of the transaction, the director directly owned 3,597,039 shares of the company's stock, valued at $89,422,389.54. The trade was a 2.70% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Soroush Salehian Dardashti sold 200,000 shares of Aeva Technologies stock in a transaction on Wednesday, August 13th. The stock was sold at an average price of $13.45, for a total transaction of $2,690,000.00. Following the transaction, the chief executive officer directly owned 2,134,808 shares of the company's stock, valued at approximately $28,713,167.60. This trade represents a 8.57% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,222,164 shares of company stock valued at $21,658,535. Company insiders own 27.20% of the company's stock.

Aeva Technologies Stock Performance

NASDAQ:AEVA traded down $0.18 during trading hours on Friday, hitting $13.10. The stock had a trading volume of 1,982,986 shares, compared to its average volume of 1,779,204. Aeva Technologies, Inc. has a one year low of $2.36 and a one year high of $38.80. The company has a market cap of $737.92 million, a price-to-earnings ratio of -2.38 and a beta of 1.94. The business's 50 day moving average is $24.45 and its 200-day moving average is $13.42.

Aeva Technologies (NASDAQ:AEVA - Get Free Report) last announced its earnings results on Thursday, July 31st. The company reported ($0.55) EPS for the quarter, missing the consensus estimate of ($0.53) by ($0.02). Aeva Technologies had a negative return on equity of 287.71% and a negative net margin of 2,178.31%. The company had revenue of $5.51 million for the quarter, compared to analyst estimates of $3.40 million. On average, sell-side analysts anticipate that Aeva Technologies, Inc. will post -2.7 EPS for the current fiscal year.

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.