Aeva Technologies, Inc. (NYSE:AEVA) Receives $10.92 Consensus Target Price from Analysts

Aeva Technologies, Inc. (NYSE:AEVAGet Free Report) has earned a consensus rating of “Moderate Buy” from the five research firms that are covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $10.92.

A number of brokerages have recently issued reports on AEVA. Oppenheimer reiterated an “outperform” rating and issued a $25.00 price target on shares of Aeva Technologies in a report on Wednesday, March 6th. Craig Hallum lowered their price objective on Aeva Technologies from $10.00 to $7.00 and set a “buy” rating for the company in a research report on Wednesday. Finally, Morgan Stanley raised their price objective on Aeva Technologies to $5.10 and gave the stock an “equal weight” rating in a research report on Tuesday, March 19th.

View Our Latest Analysis on AEVA

Insider Activity at Aeva Technologies

In other Aeva Technologies news, CEO Soroush Salehian Dardashti sold 67,791 shares of the business’s stock in a transaction on Friday, March 22nd. The shares were sold at an average price of $4.03, for a total value of $273,197.73. Following the completion of the transaction, the chief executive officer now owns 4,558,701 shares in the company, valued at $18,371,565.03. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Over the last three months, insiders have sold 176,729 shares of company stock worth $756,557. Insiders own 34.60% of the company’s stock.

Hedge Funds Weigh In On Aeva Technologies

Several large investors have recently bought and sold shares of AEVA. Sylebra Capital LLC purchased a new position in Aeva Technologies during the third quarter worth about $20,730,000. Parkwood LLC grew its position in shares of Aeva Technologies by 78.4% in the fourth quarter. Parkwood LLC now owns 609,825 shares of the company’s stock valued at $462,000 after purchasing an additional 268,046 shares during the last quarter. Oppenheimer & Co. Inc. grew its position in shares of Aeva Technologies by 20.8% in the third quarter. Oppenheimer & Co. Inc. now owns 451,723 shares of the company’s stock valued at $346,000 after purchasing an additional 77,855 shares during the last quarter. SG Americas Securities LLC acquired a new stake in shares of Aeva Technologies in the third quarter valued at approximately $31,000. Finally, Susquehanna Fundamental Investments LLC acquired a new stake in Aeva Technologies during the first quarter worth approximately $58,000. Institutional investors and hedge funds own 62.92% of the company’s stock.

Aeva Technologies Price Performance

NYSE:AEVA opened at $3.36 on Wednesday. Aeva Technologies has a 1 year low of $2.33 and a 1 year high of $7.60. The firm has a market capitalization of $177.21 million, a price-to-earnings ratio of -1.03 and a beta of 1.43. The business has a 50 day simple moving average of $4.07 and a 200-day simple moving average of $3.96.

Aeva Technologies (NYSE:AEVAGet Free Report) last released its quarterly earnings data on Tuesday, March 5th. The company reported ($0.70) EPS for the quarter, topping the consensus estimate of ($0.75) by $0.05. Aeva Technologies had a negative return on equity of 52.88% and a negative net margin of 3,463.20%. The company had revenue of $1.61 million for the quarter, compared to the consensus estimate of $1.59 million. As a group, analysts expect that Aeva Technologies will post -2.78 earnings per share for the current fiscal year.

Aeva Technologies Company Profile

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Aeva Technologies, Inc engages in the design, manufacturing, and sale of LiDAR sensing systems, and related perception and autonomy-enabling software solutions in the United States, Thailand, Europe, the Middle East, and Asia. The company develops its products using frequency modulated continuous wave sensing technology.

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Analyst Recommendations for Aeva Technologies (NYSE:AEVA)

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