Aeva Technologies, Inc. (NASDAQ:AEVA) Stock Has Average Price Target of $28.75 According to Analysts

Aeva Technologies, Inc. (NASDAQ:AEVA) has earned a consensus recommendation of “Hold” from the five research firms that are currently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $28.75.

AEVA has been the subject of a number of research reports. Canaccord Genuity Group upped their target price on shares of Aeva Technologies from $24.00 to $26.00 and gave the stock a “buy” rating in a report on Thursday, August 6th. Wall Street Zen downgraded shares of Aeva Technologies from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 8th. Weiss Ratings upgraded shares of Aeva Technologies from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Friday, September 4th. Oppenheimer restated an “outperform” rating and set a $42.00 target price on shares of Aeva Technologies in a report on Thursday, August 6th. Finally, Morgan Stanley upped their price target on Aeva Technologies from $18.50 to $27.00 and gave the company an “equal weight” rating in a research report on Friday, August 7th.

Aeva Technologies Trading Up 0.8%

AEVA stock opened at $10.99 on Tuesday. The company has a current ratio of 7.85, a quick ratio of 7.63 and a debt-to-equity ratio of 3.52. Aeva Technologies has a 12-month low of $8.83 and a 12-month high of $31.30. The stock has a market cap of $692.81 million, a price-to-earnings ratio of -4.03 and a beta of 2.41. The business’s 50-day moving average is $16.41 and its 200 day moving average is $18.42.

Insider Transactions at Aeva Technologies

In other news, CTO Mina Rezk sold 100,000 shares of the stock in a transaction that occurred on Monday, August 10th. The shares were sold at an average price of $24.01, for a total value of $2,401,000.00. Following the completion of the sale, the chief technology officer owned 1,606,669 shares of the company’s stock, valued at $38,576,122.69. This represents a 5.86% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Soroush Dardashti sold 219,486 shares of the stock in a transaction that occurred on Monday, August 10th. The shares were sold at an average price of $24.03, for a total transaction of $5,274,248.58. Following the completion of the sale, the chief executive officer directly owned 1,251,322 shares of the company’s stock, valued at approximately $30,069,267.66. This trade represents a 14.92% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 536,683 shares of company stock worth $12,154,457 in the last quarter. Company insiders own 36.70% of the company’s stock.

Institutional Trading of Aeva Technologies

Institutional investors have recently made changes to their positions in the company. Caitong International Asset Management Co. Ltd purchased a new position in shares of Aeva Technologies during the 4th quarter worth $47,000. Rockefeller Capital Management L.P. boosted its position in shares of Aeva Technologies by 19.3% during the 4th quarter. Rockefeller Capital Management L.P. now owns 7,159 shares of the company’s stock worth $95,000 after purchasing an additional 1,159 shares during the period. KPP Advisory Services LLC purchased a new position in shares of Aeva Technologies during the 1st quarter worth approximately $160,000. Next Capital Management LLC purchased a new position in shares of Aeva Technologies during the 2nd quarter worth approximately $211,000. Finally, Quantinno Capital Management LP grew its stake in shares of Aeva Technologies by 15.4% in the first quarter. Quantinno Capital Management LP now owns 24,141 shares of the company’s stock valued at $318,000 after buying an additional 3,218 shares in the last quarter. Hedge funds and other institutional investors own 62.92% of the company’s stock.

About Aeva Technologies

Aeva Technologies, Inc develops perception and sensing systems based on frequency-modulated continuous-wave (FMCW) technology. Its core products are 4D LiDAR sensors and related software designed to measure an object’s location, velocity and other characteristics in real time. The company’s technology is intended to support advanced driver-assistance systems, autonomous vehicles and other applications that require high-resolution environmental perception.

Aeva offers automotive and industrial sensing solutions, including its Aeries line of automotive-grade 4D LiDAR sensors and Atlas systems for automated driving and mapping applications.