Aeva Technologies (NYSE:AEVA) Price Target Cut to $7.00

Aeva Technologies (NYSE:AEVA - Get Free Report) had its price objective lowered by analysts at Craig Hallum from $10.00 to $7.00 in a research report issued on Wednesday, Benzinga reports. The firm currently has a "buy" rating on the stock. Craig Hallum's target price suggests a potential upside of 101.15% from the stock's current price.

AEVA has been the subject of a number of other research reports. Morgan Stanley raised their price objective on Aeva Technologies to $5.10 and gave the stock an "equal weight" rating in a research report on Tuesday, March 19th. Oppenheimer reissued an "outperform" rating and issued a $25.00 price target on shares of Aeva Technologies in a report on Wednesday, March 6th. Finally, Roth Mkm raised their price objective on shares of Aeva Technologies from $5.00 to $7.50 and gave the stock a "buy" rating in a report on Wednesday, January 10th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat.com, Aeva Technologies has a consensus rating of "Moderate Buy" and a consensus price target of $10.92.

Aeva Technologies Trading Up 0.9 %

Aeva Technologies stock traded up $0.03 during trading hours on Wednesday, reaching $3.48. 288,661 shares of the company were exchanged, compared to its average volume of 341,465. Aeva Technologies has a 12 month low of $2.33 and a 12 month high of $7.60. The firm has a market cap of $183.81 million, a price-to-earnings ratio of -1.07 and a beta of 1.43. The stock has a 50-day moving average of $4.13 and a 200 day moving average of $3.97.

Aeva Technologies (NYSE:AEVA - Get Free Report) last released its earnings results on Tuesday, March 5th. The company reported ($0.70) earnings per share for the quarter, topping analysts' consensus estimates of ($0.75) by $0.05. The firm had revenue of $1.61 million during the quarter, compared to analyst estimates of $1.59 million. Aeva Technologies had a negative net margin of 3,463.20% and a negative return on equity of 52.88%. As a group, research analysts forecast that Aeva Technologies will post -2.78 EPS for the current year.

Insider Transactions at Aeva Technologies

In other Aeva Technologies news, CEO Soroush Salehian Dardashti sold 33,147 shares of the company's stock in a transaction dated Monday, March 25th. The shares were sold at an average price of $3.95, for a total transaction of $130,930.65. Following the sale, the chief executive officer now directly owns 4,525,554 shares of the company's stock, valued at $17,875,938.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In the last quarter, insiders have sold 176,729 shares of company stock valued at $756,557. 34.60% of the stock is owned by insiders.

Hedge Funds Weigh In On Aeva Technologies

A number of institutional investors and hedge funds have recently bought and sold shares of AEVA. Sylebra Capital LLC bought a new position in shares of Aeva Technologies in the third quarter valued at about $20,730,000. Parkwood LLC lifted its position in shares of Aeva Technologies by 78.4% during the fourth quarter. Parkwood LLC now owns 609,825 shares of the company's stock worth $462,000 after purchasing an additional 268,046 shares in the last quarter. Oppenheimer & Co. Inc. grew its stake in shares of Aeva Technologies by 20.8% during the third quarter. Oppenheimer & Co. Inc. now owns 451,723 shares of the company's stock valued at $346,000 after purchasing an additional 77,855 shares during the last quarter. SG Americas Securities LLC acquired a new stake in shares of Aeva Technologies in the third quarter valued at approximately $31,000. Finally, Susquehanna Fundamental Investments LLC bought a new position in Aeva Technologies in the 1st quarter worth approximately $58,000. Institutional investors and hedge funds own 62.92% of the company's stock.

About Aeva Technologies

Aeva Technologies, Inc engages in the design, manufacturing, and sale of LiDAR sensing systems, and related perception and autonomy-enabling software solutions in the United States, Thailand, Europe, the Middle East, and Asia. The company develops its products using frequency modulated continuous wave sensing technology.