Roth Capital Issues Positive Forecast for Aeva Technologies (NASDAQ:AEVA) Stock Price

Aeva Technologies (NASDAQ:AEVA) had its price target boosted by Roth Capital from $17.00 to $30.00 in a research report released on Tuesday morning,Benzinga reports. Roth Capital currently has a buy rating on the stock.

A number of other equities research analysts have also issued reports on the stock. Canaccord Genuity Group boosted 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, May 15th. Oppenheimer raised their price objective on shares of Aeva Technologies from $9.00 to $18.00 and gave the stock an “outperform” rating in a research note on Thursday, May 15th. Wall Street Zen raised shares of Aeva Technologies from a “sell” rating to a “hold” rating in a research note on Saturday, June 14th. Finally, Morgan Stanley raised their price objective on shares of Aeva Technologies from $5.22 to $11.00 and gave the stock an “equal weight” rating in a research note on Monday, May 12th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $14.50.

Aeva Technologies Trading Up 6.9%

NASDAQ:AEVA opened at $27.61 on Tuesday. Aeva Technologies has a twelve month low of $2.20 and a twelve month high of $28.10. The company has a 50-day moving average of $14.37 and a 200-day moving average of $7.89. The firm has a market cap of $1.52 billion, a price-to-earnings ratio of -9.76 and a beta of 1.66.

Insider Buying and Selling at Aeva Technologies

In other Aeva Technologies news, major shareholder Sylebra Capital Llc acquired 990,411 shares of Aeva Technologies stock in a transaction that occurred on Monday, March 24th. The stock was acquired at an average price of $4.36 per share, with a total value of $4,318,191.96. Following the purchase, the insider now owns 11,369,715 shares in the company, valued at approximately $49,571,957.40. This trade represents a 9.54% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Soroush Salehian Dardashti sold 200,000 shares of Aeva Technologies 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 completion of the sale, 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 disclosure for this sale can be found here. In the last quarter, insiders purchased 4,213,506 shares of company stock valued at $24,985,345 and sold 1,167,228 shares valued at $14,036,119. Company insiders own 27.20% of the company’s stock.

Institutional Investors Weigh In On Aeva Technologies

Institutional investors and hedge funds have recently modified their holdings of the business. Jones Financial Companies Lllp lifted its stake 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 valued at $38,000 after purchasing an additional 5,469 shares during the last quarter. Intech Investment Management LLC bought a new position in Aeva Technologies in the 4th quarter worth $52,000. Squarepoint Ops LLC bought a new stake in Aeva Technologies during the fourth quarter valued at about $54,000. Susquehanna Fundamental Investments LLC acquired a new stake in shares of Aeva Technologies in the fourth quarter valued at about $63,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Aeva Technologies by 4.8% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,722 shares of the company’s stock worth $96,000 after purchasing an additional 630 shares during the last quarter. Institutional investors and hedge funds own 62.92% of the company’s stock.

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.