Aeva Technologies (NYSE:AEVA) Price Target Raised to $18.00 at Oppenheimer

Aeva Technologies (NYSE:AEVA) had its price target increased by Oppenheimer from $9.00 to $18.00 in a report published on Thursday morning,Benzinga reports. The brokerage currently has an outperform rating on the stock.

Several other research analysts have also weighed in on the company. Canaccord Genuity Group increased their target price on Aeva Technologies from $9.50 to $16.00 and gave the stock a “buy” rating in a research report on Thursday. Roth Capital increased their target price on Aeva Technologies from $6.00 to $17.00 and gave the stock a “buy” rating in a research report on Thursday. Finally, Morgan Stanley increased their target price on Aeva Technologies from $5.22 to $11.00 and gave the stock an “equal weight” rating in a research report on Monday. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $12.33.

Aeva Technologies Trading Up 17.9%

Shares of AEVA opened at $17.03 on Thursday. The firm has a market capitalization of $936.82 million, a P/E ratio of -5.51 and a beta of 1.07. The stock’s fifty day simple moving average is $7.04 and its 200 day simple moving average is $5.16. Aeva Technologies has a twelve month low of $2.20 and a twelve month high of $18.19.

Insider Activity

In related news, CTO Mina Rezk sold 7,300 shares of the business’s stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $7.50, for a total value of $54,750.00. Following the completion of the sale, the chief technology officer now directly owns 8,689,369 shares of the company’s stock, valued at $65,170,267.50. The trade was a 0.08% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Stephen Paul Zadesky sold 14,851 shares of the business’s stock in a transaction dated Friday, February 28th. The shares were sold at an average price of $3.50, for a total value of $51,978.50. Following the completion of the sale, the director now directly owns 83,764 shares of the company’s stock, valued at approximately $293,174. This represents a 15.06% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders acquired 4,213,506 shares of company stock worth $24,985,345 and sold 652,079 shares worth $3,947,397. Insiders own 27.20% of the company’s stock.

Institutional Trading of Aeva Technologies

Hedge funds and other institutional investors have recently bought and sold shares of the company. American Century Companies Inc. increased its holdings in 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 last quarter. Rhumbline Advisers increased its holdings in Aeva Technologies by 13.2% in the fourth quarter. Rhumbline Advisers now owns 53,617 shares of the company’s stock valued at $255,000 after buying an additional 6,238 shares during the last quarter. Barclays PLC increased its holdings in Aeva Technologies by 16.3% in the fourth quarter. Barclays PLC now owns 34,800 shares of the company’s stock valued at $166,000 after buying an additional 4,890 shares during the last quarter. Jane Street Group LLC increased its holdings in Aeva Technologies by 2,490.3% in the fourth quarter. Jane Street Group LLC now owns 648,942 shares of the company’s stock valued at $3,082,000 after buying an additional 623,889 shares during the last quarter. Finally, PFG Investments LLC bought a new stake in Aeva Technologies in the fourth quarter valued at about $48,000. 62.92% of the stock is owned by institutional investors.

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.