Oppenheimer Increases Aeva Technologies (NASDAQ:AEVA) Price Target to $33.00

Aeva Technologies (NASDAQ:AEVA) had its price target raised by Oppenheimer from $18.00 to $33.00 in a research note published on Wednesday,Benzinga reports. Oppenheimer currently has an outperform rating on the stock.

A number of other research analysts have also weighed in on AEVA. Morgan Stanley lifted their target price on 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 lifted their target price on Aeva Technologies from $9.50 to $16.00 and gave the company a “buy” rating in a report on Thursday, May 15th. Wall Street Zen raised Aeva Technologies from a “sell” rating to a “hold” rating in a report on Saturday, June 14th. Finally, Roth Capital lifted their target price on Aeva Technologies from $17.00 to $30.00 and gave the company a “buy” rating in a report on Tuesday, June 17th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $17.00.

Aeva Technologies Stock Performance

Shares of AEVA opened at $32.23 on Wednesday. The business has a 50-day moving average of $23.89 and a 200 day moving average of $11.66. Aeva Technologies has a fifty-two week low of $2.36 and a fifty-two week high of $38.80. The firm has a market cap of $1.77 billion, a P/E ratio of -11.39 and a beta of 1.95.

Insiders Place Their Bets

In other news, CEO Soroush Salehian Dardashti sold 69,901 shares of Aeva Technologies stock in a transaction dated Monday, July 7th. The stock was sold at an average price of $30.53, for a total transaction of $2,134,077.53. Following the completion of the sale, the chief executive officer owned 1,897,862 shares in the company, valued at approximately $57,941,726.86. This trade represents a 3.55% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Hrach Simonian sold 100,000 shares of Aeva Technologies stock in a transaction dated Monday, June 16th. The shares were sold at an average price of $24.86, for a total value of $2,486,000.00. Following the sale, the director owned 3,597,039 shares of the company’s stock, valued at approximately $89,422,389.54. This trade represents a 2.70% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,022,164 shares of company stock worth $17,337,453. Insiders own 27.20% of the company’s stock.

Institutional Trading of Aeva Technologies

Large investors have recently modified their holdings of the business. Sylebra Capital LLC lifted its position in Aeva Technologies by 56.4% in the 1st quarter. Sylebra Capital LLC now owns 16,228,553 shares of the company’s stock worth $113,600,000 after buying an additional 5,849,249 shares during the last quarter. Parkwood LLC lifted its position in 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 last quarter. Jane Street Group LLC lifted its position in Aeva Technologies by 2,490.3% in the 4th quarter. Jane Street Group LLC now owns 648,942 shares of the company’s stock worth $3,082,000 after buying an additional 623,889 shares during the last quarter. Informed Momentum Co LLC bought a new stake in Aeva Technologies in the 1st quarter worth approximately $781,000. Finally, LPL Financial LLC bought a new stake in Aeva Technologies in the 4th quarter worth approximately $451,000. Institutional investors own 62.92% 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.