Aeva Technologies, Inc. (NYSE:AEVA) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of Aeva Technologies, Inc. (NYSE:AEVA) have been assigned an average rating of “Moderate Buy” from the six ratings firms that are presently covering the stock, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $6.54.

AEVA has been the subject of several recent research reports. Morgan Stanley boosted their price objective on Aeva Technologies from $4.87 to $5.22 and gave the company an “equal weight” rating in a research report on Friday, March 21st. Oppenheimer upped their price target on shares of Aeva Technologies from $5.00 to $6.00 and gave the company an “outperform” rating in a report on Thursday, March 20th. Finally, Canaccord Genuity Group started coverage on shares of Aeva Technologies in a report on Tuesday, April 1st. They issued a “buy” rating and a $9.50 price target on the stock.

Insider Buying and Selling at Aeva Technologies

In other Aeva Technologies news, CEO Soroush Salehian Dardashti sold 200,000 shares of Aeva Technologies stock in a transaction that occurred on Wednesday, March 26th. The stock was sold at an average price of $5.36, for a total transaction of $1,072,000.00. Following the sale, the chief executive officer now directly owns 3,764,808 shares of the company’s stock, valued at approximately $20,179,370.88. The trade was a 5.04 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CTO Mina Rezk sold 7,300 shares of the stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $7.50, for a total value of $54,750.00. Following the completion of the transaction, the chief technology officer now directly owns 8,689,369 shares of the company’s stock, valued at $65,170,267.50. This represents a 0.08 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have purchased 4,213,506 shares of company stock valued at $24,985,345 and have sold 292,151 shares valued at $1,374,029. Insiders own 29.10% of the company’s stock.

Hedge Funds Weigh In On Aeva Technologies

Several institutional investors and hedge funds have recently added to or reduced their stakes in AEVA. Parkwood LLC grew its position in shares of Aeva Technologies by 415.7% in the 4th quarter. Parkwood LLC now owns 1,426,627 shares of the company’s stock worth $6,776,000 after buying an additional 1,150,000 shares during the period. Jane Street Group LLC boosted its stake 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 worth $3,082,000 after acquiring an additional 623,889 shares in the last quarter. LPL Financial LLC purchased a new stake in Aeva Technologies in the fourth quarter worth about $451,000. Geode Capital Management LLC increased its stake in shares of Aeva Technologies by 14.2% during the third quarter. Geode Capital Management LLC now owns 611,873 shares of the company’s stock valued at $2,013,000 after purchasing an additional 76,044 shares in the last quarter. Finally, Two Sigma Investments LP boosted its position in shares of Aeva Technologies by 308.6% in the 4th quarter. Two Sigma Investments LP now owns 74,288 shares of the company’s stock worth $353,000 after purchasing an additional 56,107 shares in the last quarter. Hedge funds and other institutional investors own 62.92% of the company’s stock.

Aeva Technologies Trading Down 10.1 %

NYSE AEVA opened at $6.57 on Tuesday. The firm has a market cap of $359.47 million, a PE ratio of -2.13 and a beta of 1.03. Aeva Technologies has a 1-year low of $2.20 and a 1-year high of $7.53. The stock has a 50-day moving average of $4.22 and a 200-day moving average of $4.13.

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.