Brokerages Set Aeva Technologies, Inc. (NASDAQ:AEVA) Target Price at $26.50

Aeva Technologies, Inc. (NASDAQ:AEVA) has earned an average rating of “Hold” from the five research firms that are currently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, one has given a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month target price among analysts that have covered the stock in the last year is $26.50.

Several equities research analysts recently weighed in on the company. Wall Street Zen downgraded Aeva Technologies from a “hold” rating to a “sell” rating in a report on Saturday, May 16th. Weiss Ratings upgraded shares of Aeva Technologies from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Monday, May 11th.

Insider Buying and Selling

In related news, CEO Soroush Salehian Dardashti sold 41,083 shares of the stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of $15.04, for a total transaction of $617,888.32. Following the completion of the transaction, the chief executive officer directly owned 1,725,329 shares of the company’s stock, valued at $25,948,948.16. This represents a 2.33% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Saurabh Sinha sold 5,643 shares of the business’s stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $15.04, for a total value of $84,870.72. Following the transaction, the chief financial officer owned 590,034 shares in the company, valued at $8,874,111.36. The trade was a 0.95% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 74,115 shares of company stock valued at $1,114,690 over the last ninety days. Corporate insiders own 36.70% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Bank of America Corp DE boosted its position in shares of Aeva Technologies by 27.7% during the 1st quarter. Bank of America Corp DE now owns 110,005 shares of the company’s stock worth $1,448,000 after purchasing an additional 23,856 shares in the last quarter. Royal Bank of Canada increased its holdings in shares of Aeva Technologies by 51.7% in the 1st quarter. Royal Bank of Canada now owns 28,504 shares of the company’s stock valued at $375,000 after purchasing an additional 9,720 shares in the last quarter. Quantinno Capital Management LP increased its holdings in shares of Aeva Technologies by 15.4% in the 1st quarter. Quantinno Capital Management LP now owns 24,141 shares of the company’s stock valued at $318,000 after purchasing an additional 3,218 shares in the last quarter. Sona Asset Management US LLC acquired a new stake in shares of Aeva Technologies in the first quarter valued at about $987,000. Finally, Siren L.L.C. purchased a new stake in Aeva Technologies during the first quarter worth about $1,448,000. Hedge funds and other institutional investors own 62.92% of the company’s stock.

Aeva Technologies Stock Down 5.7%

Aeva Technologies stock opened at $23.01 on Friday. The stock has a 50 day moving average of $17.98 and a two-hundred day moving average of $15.55. Aeva Technologies has a twelve month low of $8.83 and a twelve month high of $38.80. The stock has a market capitalization of $1.45 billion, a price-to-earnings ratio of -4.61 and a beta of 2.41. The company has a current ratio of 4.09, a quick ratio of 3.89 and a debt-to-equity ratio of 7.32.

About Aeva Technologies

Aeva Technologies, Inc is a technology company specializing in the development and commercialization of advanced sensing and perception solutions based on frequency-modulated continuous wave (FMCW) LiDAR. Headquartered in Mountain View, California, Aeva’s core products include solid-state LiDAR sensors and perception software designed to provide high-resolution, long-range 4D data for automotive, industrial and robotic applications. The company’s FMCW approach enables simultaneous measurement of both object velocity and distance, distinguishing Aeva’s systems from traditional time-of-flight LiDAR solutions.

Founded in 2016 by Soroush Salehian and Mina Rezk, Aeva began as Aeon Imaging before adopting its current name in 2019.