Analysts Set Aeva Technologies, Inc. (NASDAQ:AEVA) Price Target at $18.33

Aeva Technologies, Inc. (NASDAQ:AEVA) has been assigned an average recommendation of “Moderate Buy” from the six research firms that are currently covering the company, Marketbeat reports. One analyst has rated the stock with a hold rating and five have issued a buy rating on the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $18.3333.

AEVA has been the subject of a number of recent research reports. Wall Street Zen cut shares of Aeva Technologies from a “hold” rating to a “sell” rating in a research report on Saturday, September 20th. Morgan Stanley lifted their target price on shares of Aeva Technologies from $11.00 to $19.00 and gave the company an “equal weight” rating in a report on Friday, August 1st. Roth Capital lifted their target price on shares of Aeva Technologies from $17.00 to $30.00 and gave the company a “buy” rating in a report on Tuesday, June 17th. Finally, Oppenheimer lifted their target price on shares of Aeva Technologies from $18.00 to $33.00 and gave the company an “outperform” rating in a report on Wednesday, July 16th.

Insider Buying and Selling at Aeva Technologies

In other Aeva Technologies news, CFO Saurabh Sinha sold 160,000 shares of Aeva Technologies stock in a transaction on Monday, August 18th. The stock was sold at an average price of $13.33, for a total transaction of $2,132,800.00. Following the completion of the transaction, the chief financial officer owned 810,710 shares in the company, valued at approximately $10,806,764.30. The trade was a 16.48% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CTO Mina Rezk sold 250,000 shares of Aeva Technologies stock in a transaction dated Monday, August 11th. The stock was sold at an average price of $13.48, for a total value of $3,370,000.00. Following the completion of the transaction, the chief technology officer directly owned 3,236,669 shares of the company’s stock, valued at approximately $43,630,298.12. This represents a 7.17% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 818,822 shares of company stock worth $13,961,215. 27.20% of the stock is owned by insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. GAMMA Investing LLC raised its holdings in Aeva Technologies by 92.2% in the 2nd quarter. GAMMA Investing LLC now owns 865 shares of the company’s stock worth $33,000 after acquiring an additional 415 shares during the last quarter. Quantbot Technologies LP purchased a new position in shares of Aeva Technologies in the second quarter worth $36,000. Jones Financial Companies Lllp raised its stake in shares of Aeva Technologies by 27,345.0% in the first quarter. Jones Financial Companies Lllp now owns 5,489 shares of the company’s stock worth $38,000 after purchasing an additional 5,469 shares during the last quarter. Total Investment Management Inc. purchased a new position in shares of Aeva Technologies in the second quarter worth $43,000. Finally, AlphaQuest LLC purchased a new position in shares of Aeva Technologies in the second quarter worth $51,000. 62.92% of the stock is owned by hedge funds and other institutional investors.

Aeva Technologies Price Performance

Shares of AEVA stock opened at $16.18 on Tuesday. The stock has a fifty day moving average of $16.59 and a 200 day moving average of $15.76. Aeva Technologies has a 52 week low of $2.52 and a 52 week high of $38.80. The firm has a market capitalization of $911.42 million, a price-to-earnings ratio of -2.94 and a beta of 2.00.

Aeva Technologies (NASDAQ:AEVA) last posted its earnings results on Thursday, July 31st. The company reported ($0.55) EPS for the quarter, missing the consensus estimate of ($0.53) by ($0.02). Aeva Technologies had a negative return on equity of 287.71% and a negative net margin of 2,178.31%.The company had revenue of $5.51 million during the quarter, compared to analysts’ expectations of $3.40 million. Equities research analysts anticipate that Aeva Technologies will post -2.7 earnings per share for the current year.

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.