Aeva Technologies (NYSE:AEVA) Stock Price Expected to Rise, Morgan Stanley Analyst Says

Aeva Technologies (NYSE:AEVA) had its price target upped by Morgan Stanley from $4.87 to $5.22 in a research note published on Friday morning,Benzinga reports. They currently have an equal weight rating on the stock.

Separately, Oppenheimer boosted their target price on Aeva Technologies from $5.00 to $6.00 and gave the stock an “outperform” rating in a research report on Thursday. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, Aeva Technologies presently has a consensus rating of “Moderate Buy” and a consensus target price of $5.81.

Aeva Technologies Stock Performance

AEVA opened at $4.19 on Friday. Aeva Technologies has a one year low of $2.20 and a one year high of $5.49. The stock’s fifty day moving average is $3.81 and its 200-day moving average is $3.88. The company has a market capitalization of $225.77 million, a PE ratio of -1.36 and a beta of 1.41.

Insider Transactions at Aeva Technologies

In related news, CTO Mina Rezk sold 70,000 shares of the company’s stock in a transaction on 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 directly 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Stephen Paul Zadesky sold 14,851 shares of the company’s stock in a transaction on Friday, February 28th. The shares were sold at an average price of $3.50, for a total value of $51,978.50. Following the transaction, the director now directly owns 83,764 shares in the company, valued at $293,174. The trade was a 15.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 29.10% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of AEVA. Parkwood LLC raised its position in Aeva Technologies by 415.7% during the fourth quarter. Parkwood LLC now owns 1,426,627 shares of the company’s stock valued at $6,776,000 after buying an additional 1,150,000 shares during the period. Jane Street Group LLC grew its stake in Aeva Technologies by 2,490.3% in the fourth quarter. Jane Street Group LLC now owns 648,942 shares of the company’s stock valued at $3,082,000 after purchasing an additional 623,889 shares in the last quarter. LPL Financial LLC purchased a new position in Aeva Technologies in the fourth quarter valued at about $451,000. Geode Capital Management LLC grew its stake in Aeva Technologies by 14.2% in the third quarter. Geode Capital Management LLC now owns 611,873 shares of the company’s stock valued at $2,013,000 after purchasing an additional 76,044 shares in the last quarter. Finally, Two Sigma Investments LP grew its stake in Aeva Technologies by 308.6% in the fourth quarter. Two Sigma Investments LP now owns 74,288 shares of the company’s stock valued at $353,000 after purchasing an additional 56,107 shares in the last quarter. 62.92% of the stock is owned by institutional investors and hedge funds.

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.