Oppenheimer Issues Positive Forecast for Aeva Technologies (NYSE:AEVA) Stock Price

Aeva Technologies (NYSE:AEVA) had its price target raised by Oppenheimer from $6.00 to $9.00 in a research note released on Monday,Benzinga reports. They currently have an outperform rating on the stock.

Several other brokerages have also commented on AEVA. Canaccord Genuity Group initiated coverage on shares of Aeva Technologies in a report on Tuesday, April 1st. They issued a “buy” rating and a $9.50 price objective for the company. Morgan Stanley upped their target price on Aeva Technologies from $4.87 to $5.22 and gave the stock an “equal weight” rating in a report on Friday, March 21st. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $7.14.

Aeva Technologies Stock Performance

Shares of AEVA stock opened at $6.30 on Monday. The firm has a market cap of $344.70 million, a P/E ratio of -2.04 and a beta of 1.03. The business’s 50 day moving average price is $4.97 and its 200-day moving average price is $4.47. Aeva Technologies has a fifty-two week low of $2.20 and a fifty-two week high of $8.12.

Insider Buying and Selling at Aeva Technologies

In other news, CTO Mina Rezk sold 125,000 shares of the business’s stock in a transaction on Monday, April 21st. The stock was sold at an average price of $6.34, for a total value of $792,500.00. Following the completion of the transaction, the chief technology officer now owns 8,421,669 shares in the company, valued at $53,393,381.46. The trade was a 1.46 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Soroush Salehian Dardashti sold 200,000 shares of Aeva Technologies stock in a transaction dated Wednesday, March 26th. The stock was sold at an average price of $5.36, for a total value of $1,072,000.00. Following the completion of the sale, the chief executive officer now owns 3,764,808 shares of the company’s stock, valued at $20,179,370.88. The trade was a 5.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders purchased 4,213,506 shares of company stock worth $24,985,345 and sold 527,079 shares worth $3,000,979. 29.10% of the stock is owned by company insiders.

Institutional Trading of Aeva Technologies

A number of large investors have recently made changes to their positions in AEVA. Squarepoint Ops LLC purchased a new stake in Aeva Technologies in the fourth quarter worth approximately $54,000. Two Sigma Advisers LP grew its holdings in shares of Aeva Technologies by 307.9% in the fourth quarter. Two Sigma Advisers LP now owns 48,700 shares of the company’s stock worth $231,000 after acquiring an additional 36,760 shares during the period. Two Sigma Investments LP increased its position in Aeva Technologies by 308.6% during the fourth quarter. Two Sigma Investments LP now owns 74,288 shares of the company’s stock valued at $353,000 after acquiring an additional 56,107 shares during the last quarter. Parkwood LLC lifted its holdings in Aeva Technologies by 415.7% in the fourth quarter. Parkwood LLC now owns 1,426,627 shares of the company’s stock valued at $6,776,000 after acquiring an additional 1,150,000 shares during the period. Finally, Millennium Management LLC bought a new stake in shares of Aeva Technologies during the 4th quarter valued at about $174,000. 62.92% of the stock is currently owned by institutional investors.

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.