Aeva Technologies, Inc. (NYSE:AEVA) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of Aeva Technologies, Inc. (NYSE:AEVA) have received an average rating of “Moderate Buy” from the six analysts that are currently covering the firm, MarketBeat.com reports. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $7.14.

A number of equities research analysts have recently weighed in on AEVA shares. Canaccord Genuity Group initiated coverage on Aeva Technologies in a research note on Tuesday, April 1st. They set a “buy” rating and a $9.50 price target for the company. Morgan Stanley raised their price objective on shares of Aeva Technologies from $4.87 to $5.22 and gave the company an “equal weight” rating in a research report on Friday, March 21st. Finally, Oppenheimer boosted their target price on shares of Aeva Technologies from $6.00 to $9.00 and gave the stock an “outperform” rating in a research report on Monday, April 21st.

Aeva Technologies Trading Down 2.3 %

NYSE AEVA opened at $7.32 on Friday. Aeva Technologies has a 1-year low of $2.20 and a 1-year high of $8.12. The firm’s fifty day simple moving average is $5.19 and its 200-day simple moving average is $4.56. The company has a market capitalization of $400.51 million, a PE ratio of -2.37 and a beta of 1.03.

Insider Transactions at Aeva Technologies

In related news, CTO Mina Rezk sold 7,300 shares of the stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $7.50, for a total transaction of $54,750.00. Following the completion of the sale, the chief technology officer now owns 8,689,369 shares in the company, valued at $65,170,267.50. This represents a 0.08 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Sylebra Capital Llc purchased 1,333,188 shares of the company’s stock in a transaction on Friday, March 28th. The stock was acquired at an average cost 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 in the company, 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. Over the last three months, insiders bought 4,213,506 shares of company stock worth $24,985,345 and sold 527,079 shares worth $3,000,979. 29.10% of the stock is owned by corporate insiders.

Institutional Trading of Aeva Technologies

Several hedge funds and other institutional investors have recently bought and sold shares of AEVA. American Century Companies Inc. lifted its stake in shares of Aeva Technologies by 34.9% in the fourth quarter. American Century Companies Inc. now owns 25,689 shares of the company’s stock valued at $122,000 after buying an additional 6,640 shares during the period. Rhumbline Advisers raised its holdings in Aeva Technologies by 13.2% in the 4th quarter. Rhumbline Advisers now owns 53,617 shares of the company’s stock valued at $255,000 after acquiring an additional 6,238 shares in the last quarter. Barclays PLC lifted its position in shares of Aeva Technologies by 276.4% in the 3rd quarter. Barclays PLC now owns 29,910 shares of the company’s stock worth $98,000 after acquiring an additional 21,964 shares during the period. PFG Investments LLC acquired a new stake in Aeva Technologies during the fourth quarter worth $48,000. Finally, Geode Capital Management LLC increased its holdings in Aeva Technologies by 14.2% in the 3rd quarter. Geode Capital Management LLC now owns 611,873 shares of the company’s stock valued at $2,013,000 after buying an additional 76,044 shares during the period. 62.92% of the stock is currently owned by institutional investors and hedge funds.

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.