Aeva Technologies, Inc. (NASDAQ:AEVA) Stock Has Consensus Target Price of $28.75 According to Analysts

Shares of Aeva Technologies, Inc. (NASDAQ:AEVA) have received an average rating of “Hold” from the five research firms that are presently covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating on the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $28.75.

Several research firms recently issued reports on AEVA. Weiss Ratings upgraded shares of Aeva Technologies from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Friday, September 4th. Oppenheimer reaffirmed an “outperform” rating and issued a $42.00 price target on shares of Aeva Technologies in a research note on Thursday, August 6th. Morgan Stanley raised their price objective on Aeva Technologies from $18.50 to $27.00 and gave the stock an “equal weight” rating in a research report on Friday, August 7th. The Goldman Sachs Group initiated coverage on shares of Aeva Technologies in a report on Monday, August 24th. They issued a “neutral” rating and a $20.00 price objective on the stock. Finally, Wall Street Zen lowered shares of Aeva Technologies from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 8th.

Insiders Place Their Bets

In related news, CTO Mina Rezk sold 28,173 shares of Aeva Technologies stock in a transaction that occurred on Thursday, November 5th. The shares were sold at an average price of $8.82, for a total value of $248,485.86. Following the completion of the transaction, the chief technology officer owned 1,499,060 shares in the company, valued at approximately $13,221,709.20. The trade was a 1.84% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Soroush Dardashti sold 42,262 shares of the firm’s stock in a transaction that occurred on Thursday, November 5th. The shares were sold at an average price of $8.82, for a total transaction of $372,750.84. Following the completion of the transaction, the chief executive officer directly owned 1,487,471 shares of the company’s stock, valued at $13,119,494.22. This represents a 2.76% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 174,581 shares of company stock worth $2,612,322 over the last ninety days. Corporate insiders own 36.70% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Brooklands Fund Management Ltd purchased a new position in shares of Aeva Technologies in the 3rd quarter valued at about $23,158,000. CenterBook Partners LP lifted its position in shares of Aeva Technologies by 174.2% during the 3rd quarter. CenterBook Partners LP now owns 481,383 shares of the company’s stock worth $6,759,000 after purchasing an additional 305,792 shares during the last quarter. Siren L.L.C. acquired a new position in shares of Aeva Technologies during the first quarter worth $1,448,000. Walleye Capital LLC purchased a new position in Aeva Technologies in the first quarter valued at $1,401,000. Finally, Bank of New York Mellon Corp purchased a new stake in Aeva Technologies during the 2nd quarter worth about $2,382,000. 62.92% of the stock is currently owned by hedge funds and other institutional investors.

Aeva Technologies Price Performance

AEVA stock opened at $12.84 on Friday. Aeva Technologies has a 1 year low of $8.26 and a 1 year high of $31.30. The company has a debt-to-equity ratio of 2.24, a current ratio of 6.26 and a quick ratio of 7.63. The firm has a market capitalization of $897.46 million, a PE ratio of -4.67 and a beta of 2.56. The business has a 50 day simple moving average of $12.85 and a 200-day simple moving average of $16.61.

Aeva Technologies Company Profile

Aeva Technologies develops lidar sensing systems and perception software for automotive and other industrial applications. Its technology uses frequency-modulated continuous-wave (FMCW) lidar to measure distance and the speed of objects, supporting applications such as vehicle perception and automation. The company’s offerings include lidar sensors designed for automotive use, including its Atlas system, as well as sensing and perception solutions for industrial customers. Aeva’s products are intended to help machines detect and interpret objects in their surroundings.