Intech Investment Management LLC Makes New $52,000 Investment in Aeva Technologies, Inc. (NYSE:AEVA)

Intech Investment Management LLC purchased a new stake in shares of Aeva Technologies, Inc. (NYSE:AEVA) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 10,934 shares of the company’s stock, valued at approximately $52,000.

A number of other hedge funds have also modified their holdings of AEVA. PFG Investments LLC purchased a new position in Aeva Technologies in the fourth quarter valued at about $48,000. SBI Securities Co. Ltd. bought a new stake in shares of Aeva Technologies in the 4th quarter valued at approximately $88,000. Barclays PLC increased its holdings in Aeva Technologies by 276.4% in the third quarter. Barclays PLC now owns 29,910 shares of the company’s stock worth $98,000 after buying an additional 21,964 shares during the last quarter. Rhumbline Advisers raised its position in Aeva Technologies by 13.2% during the fourth quarter. Rhumbline Advisers now owns 53,617 shares of the company’s stock valued at $255,000 after acquiring an additional 6,238 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in Aeva Technologies by 3.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 211,452 shares of the company’s stock valued at $696,000 after acquiring an additional 8,007 shares during the last quarter. 62.92% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the stock. Morgan Stanley raised their price target on shares of Aeva Technologies from $4.87 to $5.22 and gave the company an “equal weight” rating in a report on Friday, March 21st. Oppenheimer raised their target price on Aeva Technologies from $5.00 to $6.00 and gave the company an “outperform” rating in a report on Thursday, March 20th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $5.81.

Aeva Technologies Trading Up 5.2 %

Shares of Aeva Technologies stock opened at $6.71 on Friday. Aeva Technologies, Inc. has a 1-year low of $2.20 and a 1-year high of $7.07. The firm has a fifty day simple moving average of $3.96 and a 200-day simple moving average of $3.97. The stock has a market capitalization of $361.55 million, a price-to-earnings ratio of -2.17 and a beta of 1.41.

Insiders Place Their Bets

In related news, Director Stephen Paul Zadesky sold 14,851 shares of the business’s stock in a transaction 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 owns 83,764 shares of the company’s stock, valued at approximately $293,174. The trade was a 15.06 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, major shareholder Sylebra Capital Llc purchased 821,610 shares of Aeva Technologies stock in a transaction on Wednesday, March 26th. The stock was bought at an average cost of $5.48 per share, with a total value of $4,502,422.80. Following the completion of the acquisition, the insider now owns 12,669,326 shares in the company, valued at approximately $69,427,906.48. This trade represents a 6.93 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders sold a total of 284,851 shares of company stock valued at $1,319,279 in the last quarter. Insiders own 29.10% 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.