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

Key Points

• Wall Street Zen upgraded Aeva Technologies (NASDAQ:AEVA) from "sell" to "hold", while the broker consensus remains mixed (three Buys, one Hold, one Sell) with an average target price of $26.50.
• Significant insider selling occurred recently: the CFO and CTO sold sizable stakes and insiders disposed of 242,262 shares worth $4.52 million in the last quarter, leaving insiders with 27.20% ownership.
• The stock traded around $13.23, with a 12‑month range of $5.80–$38.80 and a market cap of about $832.8 million; the company currently shows a negative P/E (−2.61).

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 note issued on Saturday.

Separately, Weiss Ratings reiterated a "sell (e+)" rating on shares of Aeva Technologies in a research note on Friday, March 27th. Three equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $26.50.

Aeva Technologies Stock Performance

NASDAQ AEVA opened at $13.23 on Friday. Aeva Technologies has a twelve month low of $5.80 and a twelve month high of $38.80. The company has a quick ratio of 4.12, a current ratio of 4.28 and a debt-to-equity ratio of 7.32. The stock has a market cap of $832.83 million, a P/E ratio of -2.61 and a beta of 2.10. The company's 50-day simple moving average is $13.84 and its 200 day simple moving average is $14.65.

Insider Activity

In other news, CFO Saurabh Sinha sold 32,079 shares of the company's stock in a transaction dated Tuesday, March 3rd. The shares were sold at an average price of $13.94, for a total value of $447,181.26. Following the sale, the chief financial officer owned 595,677 shares of the company's stock, valued at approximately $8,303,737.38. This represents a 5.11% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CTO Mina Rezk sold 64,787 shares of the stock in a transaction dated Friday, January 9th. The stock was sold at an average price of $18.85, for a total transaction of $1,221,234.95. Following the sale, the chief technology officer owned 1,469,760 shares of the company's stock, valued at $27,704,976. This trade represents a 4.22% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 242,262 shares of company stock worth $4,516,531. Corporate insiders own 27.20% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the company. Rockefeller Capital Management L.P. boosted its holdings in shares of Aeva Technologies by 19.3% in the 4th quarter. Rockefeller Capital Management L.P. now owns 7,159 shares of the company's stock worth $95,000 after acquiring an additional 1,159 shares in the last quarter. Caitong International Asset Management Co. Ltd acquired a new stake in Aeva Technologies during the 4th quarter valued at $47,000. Delta Global Management LP raised its position in Aeva Technologies by 29.7% in the 4th quarter. Delta Global Management LP now owns 1,623,148 shares of the company's stock valued at $21,555,000 after purchasing an additional 372,159 shares during the last quarter. Yaupon Capital Management LP bought a new position in Aeva Technologies in the 4th quarter valued at $2,269,000. Finally, Inspire Investing LLC boosted its stake in Aeva Technologies by 13.0% in the fourth quarter. Inspire Investing LLC now owns 35,300 shares of the company's stock worth $469,000 after purchasing an additional 4,073 shares in the last quarter. Institutional investors own 62.92% of the company's stock.

Aeva Technologies Company Profile

Aeva Technologies, Inc is a technology company specializing in the development and commercialization of advanced sensing and perception solutions based on frequency-modulated continuous wave (FMCW) LiDAR. Headquartered in Mountain View, California, Aeva's core products include solid-state LiDAR sensors and perception software designed to provide high-resolution, long-range 4D data for automotive, industrial and robotic applications. The company's FMCW approach enables simultaneous measurement of both object velocity and distance, distinguishing Aeva's systems from traditional time-of-flight LiDAR solutions.

Founded in 2016 by Soroush Salehian and Mina Rezk, Aeva began as Aeon Imaging before adopting its current name in 2019.

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