Oppenheimer Increases Aeva Technologies (NASDAQ:AEVA) Price Target to $33.00

Aeva Technologies (NASDAQ:AEVA - Get Free Report) had its price target upped by equities researchers at Oppenheimer from $18.00 to $33.00 in a report issued on Wednesday,Benzinga reports. The firm currently has an "outperform" rating on the stock. Oppenheimer's target price points to a potential upside of 2.39% from the company's previous close.

Other research analysts have also recently issued research reports about the stock. Morgan Stanley boosted their price target 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. Wall Street Zen raised shares of Aeva Technologies from a "sell" rating to a "hold" rating in a research report on Saturday, June 14th. Roth Capital raised their target price on shares of Aeva Technologies from $17.00 to $30.00 and gave the company a "buy" rating in a report on Tuesday, June 17th. Finally, Canaccord Genuity Group raised their target price on shares of Aeva Technologies from $9.50 to $16.00 and gave the company a "buy" rating in a report on Thursday, May 15th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $17.00.

Aeva Technologies Stock Up 5.1%

AEVA stock traded up $1.55 during trading on Wednesday, hitting $32.23. The company had a trading volume of 3,172,164 shares, compared to its average volume of 3,416,327. The firm has a market capitalization of $1.77 billion, a P/E ratio of -11.39 and a beta of 1.95. Aeva Technologies has a 52-week low of $2.36 and a 52-week high of $38.80. The company has a 50 day simple moving average of $23.89 and a 200-day simple moving average of $11.66.

Insider Buying and Selling

In other news, CTO Mina Rezk sold 250,000 shares of the stock in a transaction on 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 transaction, the chief technology officer owned 8,046,669 shares of the company's stock, valued at approximately $126,332,703.30. This represents a 3.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO Saurabh Sinha sold 22,239 shares of the firm's stock in a transaction dated Monday, July 7th. The shares were sold at an average price of $30.53, for a total value of $678,956.67. Following the transaction, the chief financial officer directly owned 970,710 shares of the company's stock, valued at $29,635,776.30. This represents a 2.24% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,022,164 shares of company stock worth $17,337,453 in the last 90 days. 27.20% of the stock is owned by insiders.

Hedge Funds Weigh In On Aeva Technologies

Several hedge funds and other institutional investors have recently added to or reduced their stakes in AEVA. GAMMA Investing LLC boosted its stake in Aeva Technologies by 92.2% in the 2nd quarter. GAMMA Investing LLC now owns 865 shares of the company's stock valued at $33,000 after buying an additional 415 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Aeva Technologies by 4.8% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,722 shares of the company's stock valued at $96,000 after purchasing an additional 630 shares during the last quarter. AQR Capital Management LLC grew its stake in Aeva Technologies by 29.2% in the first 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 during the period. Barclays PLC increased its holdings in shares of Aeva Technologies by 16.3% in the fourth quarter. Barclays PLC now owns 34,800 shares of the company's stock worth $166,000 after acquiring an additional 4,890 shares in the last quarter. Finally, Jones Financial Companies Lllp increased its holdings in shares of Aeva Technologies by 27,345.0% in the first quarter. Jones Financial Companies Lllp now owns 5,489 shares of the company's stock worth $38,000 after acquiring an additional 5,469 shares in the last quarter. Institutional investors 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.