Aeva Technologies, Inc. (NASDAQ:AEVA) Receives Consensus Rating of “Hold” from Analysts

Shares of Aeva Technologies, Inc. (NASDAQ:AEVA) have been assigned an average recommendation of “Hold” from the five research firms that are currently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $26.50.

Several research firms have weighed in on AEVA. Canaccord Genuity Group reaffirmed a “buy” rating and issued a $24.00 target price on shares of Aeva Technologies in a research report on Thursday, December 4th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Aeva Technologies in a report on Monday, December 29th. Finally, Wall Street Zen cut shares of Aeva Technologies from a “hold” rating to a “sell” rating in a research report on Saturday, November 8th.

Aeva Technologies Stock Performance

NASDAQ:AEVA opened at $12.77 on Monday. Aeva Technologies has a fifty-two week low of $2.52 and a fifty-two week high of $38.80. The company has a 50 day moving average price of $14.89 and a 200 day moving average price of $15.72. The stock has a market capitalization of $767.22 million, a P/E ratio of -2.40 and a beta of 2.08.

Aeva Technologies (NASDAQ:AEVA) last released its quarterly earnings results on Wednesday, November 5th. The company reported ($0.46) 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 firm had revenue of $3.58 million for the quarter. Research analysts forecast that Aeva Technologies will post -2.7 earnings per share for the current fiscal year.

Insider Activity at Aeva Technologies

In other Aeva Technologies news, CFO Saurabh Sinha sold 60,000 shares of the company’s stock in a transaction dated Thursday, January 15th. The stock was sold at an average price of $20.64, for a total transaction of $1,238,400.00. Following the sale, the chief financial officer owned 627,756 shares in the company, valued at $12,956,883.84. This represents a 8.72% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Soroush Salehian Dardashti sold 488,160 shares of Aeva Technologies stock in a transaction dated Friday, January 2nd. The shares were sold at an average price of $12.96, for a total value of $6,326,553.60. Following the completion of the transaction, the chief executive officer owned 1,831,199 shares of the company’s stock, valued at $23,732,339.04. The trade was a 21.05% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 1,651,923 shares of company stock worth $22,904,227. Company insiders own 27.20% of the company’s stock.

Institutional Investors Weigh In On Aeva Technologies

Large investors have recently modified their holdings of the company. UBS Group AG boosted its holdings in shares of Aeva Technologies by 85.2% in the 4th quarter. UBS Group AG now owns 374,955 shares of the company’s stock valued at $4,979,000 after buying an additional 172,476 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in shares of Aeva Technologies during the fourth quarter worth about $33,000. SG Americas Securities LLC increased its position in shares of Aeva Technologies by 49.6% during the fourth quarter. SG Americas Securities LLC now owns 14,461 shares of the company’s stock worth $192,000 after purchasing an additional 4,797 shares in the last quarter. Captrust Financial Advisors purchased a new stake in shares of Aeva Technologies in the 3rd quarter valued at about $5,111,000. Finally, Jacobs Levy Equity Management Inc. acquired a new stake in shares of Aeva Technologies in the 3rd quarter valued at about $857,000. 62.92% of the stock is owned by hedge funds and other institutional investors.

About Aeva Technologies

Aeva Technologies, Inc is a technology company specializing in the development and commercialization of advanced sensing and perception solutions based on frequency-modulated continuous wave (FMCW) LiDAR. Headquartered in Mountain View, California, Aeva’s core products include solid-state LiDAR sensors and perception software designed to provide high-resolution, long-range 4D data for automotive, industrial and robotic applications. The company’s FMCW approach enables simultaneous measurement of both object velocity and distance, distinguishing Aeva’s systems from traditional time-of-flight LiDAR solutions.

Founded in 2016 by Soroush Salehian and Mina Rezk, Aeva began as Aeon Imaging before adopting its current name in 2019.