Analysts Set Aeva Technologies, Inc. (NYSE:AEVA) Target Price at $5.81

Aeva Technologies, Inc. (NYSE:AEVA) has been assigned a consensus recommendation of “Moderate Buy” from the six brokerages that are covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $6.54.

Several research analysts have issued reports on the stock. Morgan Stanley lifted their target price on shares of Aeva Technologies from $4.87 to $5.22 and gave the stock an “equal weight” rating in a report on Friday, March 21st. Canaccord Genuity Group assumed 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. Finally, Oppenheimer increased their target price on Aeva Technologies from $5.00 to $6.00 and gave the company an “outperform” rating in a research note on Thursday, March 20th.

Insider Transactions at Aeva Technologies

In other Aeva Technologies news, major shareholder Sylebra Capital Llc purchased 1,068,297 shares of Aeva Technologies stock in a transaction dated Monday, March 31st. The stock was purchased at an average price of $6.77 per share, with a total value of $7,232,370.69. Following the transaction, the insider now directly owns 16,228,553 shares of the company’s stock, valued at $109,867,303.81. This trade represents a 7.05 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CTO Mina Rezk sold 70,000 shares of the stock in a transaction that occurred 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 completion of the transaction, the chief technology officer now owns 8,696,669 shares in the company, valued at $24,263,706.51. This trade represents a 0.80 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders purchased 4,213,506 shares of company stock worth $24,985,345 and sold 292,151 shares worth $1,374,029. Company insiders own 29.10% of the company’s stock.

Institutional Trading of Aeva Technologies

Several large investors have recently added to or reduced their stakes in the business. PFG Investments LLC bought a new stake in Aeva Technologies during the fourth quarter valued at about $48,000. Intech Investment Management LLC bought a new position in shares of Aeva Technologies during the 4th quarter valued at approximately $52,000. Squarepoint Ops LLC purchased a new stake in Aeva Technologies in the 4th quarter worth approximately $54,000. Susquehanna Fundamental Investments LLC purchased a new stake in Aeva Technologies in the 4th quarter worth approximately $63,000. Finally, Advisory Services Network LLC bought a new stake in Aeva Technologies during the 4th quarter worth approximately $78,000. 62.92% of the stock is currently owned by institutional investors.

Aeva Technologies Price Performance

AEVA opened at $6.57 on Tuesday. The firm has a market cap of $359.47 million, a PE ratio of -2.13 and a beta of 1.03. The stock has a 50-day moving average price of $4.22 and a 200-day moving average price of $4.13. Aeva Technologies has a 1 year low of $2.20 and a 1 year high of $7.53.

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.