Oppenheimer Forecasts Strong Price Appreciation for Aeva Technologies (NYSE:AEVA) Stock

Aeva Technologies (NYSE:AEVA) had its target price hoisted by Oppenheimer from $5.00 to $6.00 in a research report sent to investors on Thursday,Benzinga reports. They currently have an outperform rating on the stock.

Aeva Technologies Stock Performance

Aeva Technologies stock opened at $4.19 on Thursday. Aeva Technologies has a 1 year low of $2.20 and a 1 year high of $5.49. The firm has a 50 day moving average price of $3.81 and a 200 day moving average price of $3.87. The company has a market cap of $225.77 million, a price-to-earnings ratio of -1.36 and a beta of 1.41.

Insider Activity at Aeva Technologies

In other Aeva Technologies news, Director Stephen Paul Zadesky sold 14,851 shares of Aeva Technologies stock in a transaction that occurred on Friday, February 28th. The shares were sold at an average price of $3.50, for a total transaction of $51,978.50. Following the transaction, the director now directly owns 83,764 shares of the company’s stock, valued at $293,174. The trade was a 15.06 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CTO Mina Rezk sold 70,000 shares of Aeva Technologies stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $2.79, for a total transaction of $195,300.00. Following the transaction, the chief technology officer now directly owns 8,696,669 shares in the company, valued at approximately $24,263,706.51. This trade represents a 0.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 29.10% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Parkwood LLC lifted its position in 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 buying an additional 1,150,000 shares in the last quarter. Jane Street Group LLC lifted its position in 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 buying an additional 623,889 shares in the last quarter. Geode Capital Management LLC lifted its position in 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 buying an additional 9,318 shares in the last quarter. State Street Corp lifted its position in Aeva Technologies by 5.5% during the third quarter. State Street Corp now owns 452,309 shares of the company’s stock valued at $1,488,000 after buying an additional 23,593 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in 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 buying an additional 30,924 shares in the last quarter. 62.92% of the stock is owned by institutional investors and hedge funds.

About Aeva Technologies

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.