Aeva Technologies (AEVA) Expected to Announce Earnings on Wednesday

Aeva Technologies (NYSE:AEVA) is expected to be issuing its Q1 2025 quarterly earnings data after the market closes on Wednesday, May 14th. Analysts expect the company to announce earnings of ($0.47) per share and revenue of $2.33 million for the quarter.

Aeva Technologies Trading Up 18.2 %

Aeva Technologies stock opened at $9.21 on Wednesday. Aeva Technologies has a 12-month low of $2.20 and a 12-month high of $9.53. The firm has a market capitalization of $506.64 million, a price-to-earnings ratio of -2.98 and a beta of 1.07. The firm has a 50 day moving average of $5.72 and a 200 day moving average of $4.76.

Wall Street Analyst Weigh In

AEVA has been the topic of a number of analyst reports. Oppenheimer lifted their target price on shares of Aeva Technologies from $6.00 to $9.00 and gave the company an “outperform” rating in a research note on Monday, April 21st. Morgan Stanley upped their price objective on Aeva Technologies from $4.87 to $5.22 and gave the stock an “equal weight” rating in a research note on Friday, March 21st. Finally, Canaccord Genuity Group started coverage on Aeva Technologies in a research report on Tuesday, April 1st. They set a “buy” rating and a $9.50 target price for the company. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $7.14.

Insider Transactions at Aeva Technologies

In other Aeva Technologies news, CTO Mina Rezk sold 86,889 shares of the business’s stock in a transaction that occurred on Friday, May 2nd. The stock was sold at an average price of $7.55, for a total transaction of $656,011.95. Following the sale, the chief technology officer now directly owns 8,296,669 shares of the company’s stock, valued at $62,639,850.95. The trade was a 1.04 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, major shareholder Sylebra Capital Llc acquired 1,333,188 shares of the firm’s stock in a transaction on Friday, March 28th. The shares were bought at an average price of $6.70 per share, for a total transaction of $8,932,359.60. Following the completion of the transaction, the insider now owns 15,160,256 shares of the company’s stock, valued at approximately $101,573,715.20. This trade represents a 9.64 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last three months, insiders have acquired 4,213,506 shares of company stock worth $24,985,345 and have sold 652,079 shares worth $3,947,397. Insiders own 29.10% of the company’s stock.

Aeva Technologies Company Profile

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.