Aeva Technologies (NYSE:AEVA) Price Target Raised to $18.00 at Oppenheimer

Aeva Technologies (NYSE:AEVA) had its price target hoisted by Oppenheimer from $9.00 to $18.00 in a report published on Thursday,Benzinga reports. The firm currently has an outperform rating on the stock.

A number of other research firms have also commented on AEVA. Morgan Stanley upped their price target on shares of Aeva Technologies from $5.22 to $11.00 and gave the company an “equal weight” rating in a report on Monday, May 12th. Canaccord Genuity Group upped their price target on shares of Aeva Technologies from $9.50 to $16.00 and gave the company a “buy” rating in a report on Thursday. Finally, Roth Capital upped their price target on shares of Aeva Technologies from $6.00 to $17.00 and gave the company a “buy” rating in a report on Thursday. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $12.33.

Aeva Technologies Stock Up 8.3%

NYSE:AEVA opened at $18.44 on Thursday. The company has a fifty day moving average of $7.36 and a 200 day moving average of $5.27. Aeva Technologies has a 52 week low of $2.20 and a 52 week high of $18.74. The firm has a market capitalization of $1.01 billion, a P/E ratio of -5.97 and a beta of 1.07.

Insider Buying and Selling at Aeva Technologies

In other Aeva Technologies news, CEO Soroush Salehian Dardashti sold 200,000 shares of the business’s stock in a transaction on Wednesday, March 26th. The shares were sold at an average price of $5.36, for a total transaction of $1,072,000.00. Following the transaction, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CTO Mina Rezk sold 86,889 shares of the business’s stock in a transaction on Friday, May 2nd. The shares were sold at an average price of $7.55, for a total transaction of $656,011.95. Following the transaction, the chief technology officer now directly owns 8,296,669 shares in the company, valued at approximately $62,639,850.95. The trade was a 1.04% decrease in their ownership of the stock. 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 652,079 shares valued at $3,947,397. Insiders own 27.20% of the company’s stock.

Institutional Trading of Aeva Technologies

A number of hedge funds and other institutional investors have recently modified their holdings of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Aeva Technologies by 4.8% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,722 shares of the company’s stock worth $96,000 after buying an additional 630 shares during the period. AQR Capital Management LLC grew its position in shares of Aeva Technologies by 29.2% in the 1st quarter. AQR Capital Management LLC now owns 20,849 shares of the company’s stock worth $146,000 after buying an additional 4,707 shares during the period. Barclays PLC grew its position in shares of Aeva Technologies by 16.3% in the 4th quarter. Barclays PLC now owns 34,800 shares of the company’s stock worth $166,000 after buying an additional 4,890 shares during the period. Jones Financial Companies Lllp grew its position in shares of Aeva Technologies by 27,345.0% in the 1st quarter. Jones Financial Companies Lllp now owns 5,489 shares of the company’s stock worth $38,000 after buying an additional 5,469 shares during the period. Finally, Rhumbline Advisers grew its position in shares of Aeva Technologies by 13.2% in the 4th quarter. Rhumbline Advisers now owns 53,617 shares of the company’s stock worth $255,000 after buying an additional 6,238 shares during the period. 62.92% of the stock is owned by hedge funds and other institutional investors.

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.