Aeva Technologies (NYSE:AEVA) Price Target Raised to $6.00

Aeva Technologies (NYSE:AEVA) had its target price increased by Oppenheimer from $5.00 to $6.00 in a report released on Thursday morning,Benzinga reports. Oppenheimer currently has an outperform rating on the stock.

Aeva Technologies Price Performance

Shares of NYSE AEVA opened at $4.19 on Thursday. Aeva Technologies has a 52 week low of $2.20 and a 52 week high of $5.49. The firm has a 50-day moving average price of $3.81 and a 200 day moving average price of $3.87. The stock has a market capitalization of $225.77 million, a price-to-earnings ratio of -1.36 and a beta of 1.41.

Insiders Place Their Bets

In other Aeva Technologies news, Director Stephen Paul Zadesky sold 14,851 shares of Aeva Technologies stock in a transaction dated Friday, February 28th. The shares were sold at an average price of $3.50, for a total transaction of $51,978.50. Following the completion of the transaction, the director now owns 83,764 shares in the company, valued at approximately $293,174. The trade was a 15.06 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CTO Mina Rezk sold 70,000 shares of Aeva Technologies stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $2.79, for a total transaction of $195,300.00. Following the transaction, the chief technology officer now owns 8,696,669 shares of the company’s stock, valued at approximately $24,263,706.51. The trade was a 0.80 % decrease in their position. The disclosure for this sale can be found here. 29.10% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Aeva Technologies

A number of hedge funds and other institutional investors have recently modified their holdings of AEVA. Charles Schwab Investment Management Inc. grew its holdings in shares of Aeva Technologies by 3.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 211,452 shares of the company’s stock worth $696,000 after buying an additional 8,007 shares in the last quarter. State Street Corp grew its holdings in shares of Aeva Technologies by 5.5% during the third quarter. State Street Corp now owns 452,309 shares of the company’s stock worth $1,488,000 after buying an additional 23,593 shares in the last quarter. Barclays PLC grew its holdings in shares of Aeva Technologies by 276.4% during the third quarter. Barclays PLC now owns 29,910 shares of the company’s stock worth $98,000 after buying an additional 21,964 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Aeva Technologies by 14.2% during the third quarter. Geode Capital Management LLC now owns 611,873 shares of the company’s stock worth $2,013,000 after buying an additional 76,044 shares in the last quarter. Finally, PFG Investments LLC purchased a new stake in shares of Aeva Technologies during the fourth quarter worth about $48,000. 62.92% of the stock is currently owned by hedge funds and other 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.