Analysts Set Aeva Technologies, Inc. (NASDAQ:AEVA) PT at $28.75

Shares of Aeva Technologies, Inc. (NASDAQ:AEVA) have earned an average rating of “Hold” from the five research firms that are presently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $28.75.

AEVA has been the subject of several analyst reports. Morgan Stanley upped their price target on shares of Aeva Technologies from $18.50 to $27.00 and gave the company an “equal weight” rating in a research report on Friday, August 7th. The Goldman Sachs Group initiated coverage on Aeva Technologies in a research note on Monday, August 24th. They issued a “neutral” rating and a $20.00 target price for the company. Oppenheimer restated an “outperform” rating and set a $42.00 target price on shares of Aeva Technologies in a report on Thursday, August 6th. Weiss Ratings lowered Aeva Technologies from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Friday, August 21st. Finally, Wall Street Zen cut Aeva Technologies from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 8th.

Insider Buying and Selling

In related news, CFO Saurabh Sinha sold 70,000 shares of the stock in a transaction dated Tuesday, August 18th. The shares were sold at an average price of $21.21, for a total value of $1,484,700.00. Following the completion of the transaction, the chief financial officer directly owned 581,372 shares of the company’s stock, valued at $12,330,900.12. This represents a 10.75% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Soroush Salehian Dardashti sold 30,514 shares of the stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of $24.32, for a total value of $742,100.48. Following the completion of the transaction, the chief executive officer owned 1,220,808 shares of the company’s stock, valued at approximately $29,690,050.56. This trade represents a 2.44% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 1,292,344 shares of company stock valued at $30,568,186 over the last ninety days. 36.70% of the stock is owned by insiders.

Hedge Funds Weigh In On Aeva Technologies

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Aeva Technologies by 4.8% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,722 shares of the company’s stock valued at $96,000 after acquiring an additional 630 shares during the last quarter. The Manufacturers Life Insurance Company raised its holdings in shares of Aeva Technologies by 8.4% during the second quarter. The Manufacturers Life Insurance Company now owns 11,467 shares of the company’s stock valued at $433,000 after purchasing an additional 884 shares during the last quarter. Quantbot Technologies LP purchased a new position in shares of Aeva Technologies during the second quarter valued at approximately $36,000. Rockefeller Capital Management L.P. lifted its position in Aeva Technologies by 19.3% during the fourth quarter. Rockefeller Capital Management L.P. now owns 7,159 shares of the company’s stock valued at $95,000 after purchasing an additional 1,159 shares during the period. Finally, MetLife Investment Management LLC lifted its position in Aeva Technologies by 7.6% during the fourth quarter. MetLife Investment Management LLC now owns 20,001 shares of the company’s stock valued at $266,000 after purchasing an additional 1,409 shares during the period. 62.92% of the stock is owned by institutional investors.

Aeva Technologies Trading Down 4.6%

Shares of Aeva Technologies stock opened at $15.63 on Monday. The company has a debt-to-equity ratio of 3.52, a current ratio of 7.85 and a quick ratio of 7.63. Aeva Technologies has a 1 year low of $8.83 and a 1 year high of $31.30. The firm has a market cap of $985.32 million, a PE ratio of -5.73 and a beta of 2.47. The company has a 50 day simple moving average of $20.23 and a two-hundred day simple moving average of $18.32.

Aeva Technologies Company Profile

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.