Aeva Technologies, Inc. (NASDAQ:AEVA) Stock Has Consensus Price Target of $28.75

Shares of Aeva Technologies, Inc. (NASDAQ:AEVA) have been assigned a consensus recommendation of “Hold” from the five analysts that are presently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $28.75.

AEVA has been the subject of a number of analyst reports. Canaccord Genuity Group lifted their price objective on shares of Aeva Technologies from $24.00 to $26.00 and gave the company a “buy” rating in a research report on Thursday, August 6th. Morgan Stanley upped their target price on shares of Aeva Technologies from $18.50 to $27.00 and gave the company an “equal weight” rating in a report on Friday, August 7th. Weiss Ratings upgraded shares of Aeva Technologies from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Friday, September 4th. The Goldman Sachs Group initiated coverage on Aeva Technologies in a report on Monday, August 24th. They set a “neutral” rating and a $20.00 price target for the company. Finally, Wall Street Zen lowered Aeva Technologies from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 8th.

Insider Transactions at Aeva Technologies

In related news, CTO Mina Rezk sold 100,000 shares of the business’s stock in a transaction that occurred on Monday, August 10th. The stock was sold at an average price of $24.01, for a total transaction of $2,401,000.00. Following the transaction, the chief technology officer directly owned 1,606,669 shares of the company’s stock, valued at approximately $38,576,122.69. The trade was a 5.86% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Soroush Dardashti sold 219,486 shares of the stock in a transaction on Monday, August 10th. The shares were sold at an average price of $24.03, for a total value of $5,274,248.58. Following the completion of the sale, the chief executive officer owned 1,251,322 shares in the company, valued at approximately $30,069,267.66. This trade represents a 14.92% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 698,157 shares of company stock worth $15,633,922. 36.70% of the stock is owned by company insiders.

Hedge Funds Weigh In On Aeva Technologies

Large investors have recently modified their holdings of the stock. Titan Global Capital Management USA LLC boosted its holdings in shares of Aeva Technologies by 95.1% during the first quarter. Titan Global Capital Management USA LLC now owns 159,743 shares of the company’s stock worth $2,102,000 after acquiring an additional 77,856 shares during the period. Bank of New York Mellon Corp bought a new position in shares of Aeva Technologies during the second quarter worth approximately $2,382,000. Siren L.L.C. acquired a new stake in Aeva Technologies during the 1st quarter worth approximately $1,448,000. Sona Asset Management US LLC acquired a new stake in Aeva Technologies during the 1st quarter worth approximately $987,000. Finally, Walleye Capital LLC bought a new stake in Aeva Technologies in the 1st quarter valued at $1,401,000. 62.92% of the stock is owned by institutional investors.

Aeva Technologies Price Performance

NASDAQ:AEVA opened at $15.62 on Friday. The stock has a market capitalization of $984.68 million, a PE ratio of -5.72 and a beta of 2.44. Aeva Technologies has a 1-year low of $8.83 and a 1-year high of $31.30. The firm has a fifty day simple moving average of $17.54 and a 200 day simple moving average of $18.58. The company has a current ratio of 7.85, a quick ratio of 7.63 and a debt-to-equity ratio of 3.52.

About Aeva Technologies

Aeva Technologies, Inc develops sensing and perception technology for autonomous systems. The company’s core products are frequency-modulated continuous-wave (FMCW) 4D lidar systems, which are designed to measure the distance, velocity and position of objects while generating detailed three-dimensional views of the surrounding environment.

Aeva’s technology is intended for use in advanced driver-assistance systems, autonomous vehicles, industrial automation, robotics, mapping and other machine-perception applications.