Aeva Technologies (NASDAQ:AEVA) Shares Up 7.7% – Time to Buy?

Aeva Technologies, Inc. (NASDAQ:AEVA) traded up 7.7% on Thursday . The company traded as high as $14.92 and last traded at $14.74. 1,062,915 shares changed hands during mid-day trading, a decline of 46% from the average session volume of 1,967,407 shares. The stock had previously closed at $13.69.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. Wall Street Zen lowered Aeva Technologies from a “hold” rating to a “sell” rating in a report on Saturday, November 8th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Aeva Technologies in a research report on Monday, November 24th. Three investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Aeva Technologies presently has an average rating of “Hold” and a consensus target price of $24.50.

Aeva Technologies Trading Up 14.5%

The business’s fifty day moving average price is $14.19 and its two-hundred day moving average price is $18.24. The firm has a market cap of $941.45 million, a P/E ratio of -2.95 and a beta of 2.16.

Aeva Technologies (NASDAQ:AEVA) last issued its quarterly earnings data on Wednesday, November 5th. The company reported ($0.46) earnings per share (EPS) for the quarter. Aeva Technologies had a negative return on equity of 603.21% and a negative net margin of 1,031.15%.The business had revenue of $3.58 million during the quarter. Research analysts predict that Aeva Technologies, Inc. will post -2.7 EPS for the current fiscal year.

Insider Activity at Aeva Technologies

In other news, CTO Mina Rezk sold 250,000 shares of Aeva Technologies stock in a transaction that occurred on Monday, November 10th. The shares were sold at an average price of $13.45, for a total value of $3,362,500.00. Following the transaction, the chief technology officer owned 2,956,669 shares of the company’s stock, valued at $39,767,198.05. This trade represents a 7.80% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Saurabh Sinha sold 48,086 shares of the company’s stock in a transaction on Wednesday, November 19th. The stock was sold at an average price of $9.97, for a total transaction of $479,417.42. Following the sale, the chief financial officer directly owned 720,512 shares of the company’s stock, valued at approximately $7,183,504.64. This represents a 6.26% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 619,710 shares of company stock valued at $8,181,369. Corporate insiders own 27.20% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Invesco Ltd. acquired a new stake in shares of Aeva Technologies in the first quarter valued at about $325,000. Informed Momentum Co LLC bought a new stake in Aeva Technologies during the 1st quarter valued at approximately $781,000. American Century Companies Inc. grew its holdings in Aeva Technologies by 81.5% in the 1st quarter. American Century Companies Inc. now owns 46,623 shares of the company’s stock valued at $326,000 after buying an additional 20,934 shares during the last quarter. AQR Capital Management LLC grew its holdings in Aeva Technologies by 29.2% in the 1st quarter. AQR Capital Management LLC now owns 20,849 shares of the company’s stock valued at $146,000 after buying an additional 4,707 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Aeva Technologies by 4.8% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,722 shares of the company’s stock worth $96,000 after buying an additional 630 shares during the period. Institutional investors and hedge funds own 62.92% of the company’s stock.

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.