Aeva Technologies (NASDAQ:AEVA) Shares Gap Up After Analyst Upgrade

Aeva Technologies, Inc. (NASDAQ:AEVA) shares gapped up before the market opened on Thursday after Morgan Stanley raised their price target on the stock from $18.50 to $27.00. The stock had previously closed at $19.61, but opened at $25.80. Morgan Stanley currently has an equal weight rating on the stock. Aeva Technologies shares last traded at $25.54, with a volume of 1,467,464 shares traded.

A number of other equities research analysts have also recently issued reports on the stock. Oppenheimer reaffirmed an “outperform” rating and issued a $42.00 target price on shares of Aeva Technologies in a report on Thursday. Wall Street Zen cut Aeva Technologies from a “hold” rating to a “sell” rating in a report on Saturday, May 16th. Canaccord Genuity Group boosted their price target on Aeva Technologies from $24.00 to $26.00 and gave the stock a “buy” rating in a research report on Thursday. Finally, Weiss Ratings upgraded Aeva Technologies from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Monday, May 11th. Two equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $31.67.

Insider Activity

In other Aeva Technologies news, CTO Mina Rezk sold 10,304 shares of the business’s stock in a transaction dated Monday, July 27th. The stock was sold at an average price of $15.40, for a total transaction of $158,681.60. Following the completion of the transaction, the chief technology officer owned 1,527,223 shares of the company’s stock, valued at approximately $23,519,234.20. The trade was a 0.67% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Stephen Paul Zadesky sold 2,984 shares of the firm’s stock in a transaction that occurred on Monday, June 22nd. The shares were sold at an average price of $25.41, for a total transaction of $75,823.44. Following the completion of the sale, the director owned 92,898 shares in the company, valued at approximately $2,360,538.18. The trade was a 3.11% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 817,245 shares of company stock valued at $19,342,658. Corporate insiders own 36.70% of the company’s stock.

More Aeva Technologies News

Here are the key news stories impacting Aeva Technologies this week:

• Positive Sentiment: Q2 results exceeded expectations: Aeva reported a quarterly loss of $0.41 per share, narrower than the $0.44–$0.53 analyst estimates, while revenue reached approximately $6.26 million. The company also posted positive gross profit, helped by sharply higher service revenue. Aeva Q2 Earnings Report
• Positive Sentiment: Service revenue growth was a key catalyst: Service revenue nearly tripled year over year, contributing to the earnings beat and signaling progress in Aeva’s commercialization efforts. AEVA Q2 Earnings Beat on Service Growth and Gross Profit
• Positive Sentiment: Longer-term growth plans gained attention: Management outlined an optical-connectivity ramp beginning in 2027 and is targeting annual volumes in the multiple millions of units, supporting the potential for significant future revenue growth. Aeva Optical Connectivity Ramp
• Positive Sentiment: Canaccord remained bullish: Canaccord Genuity raised its price target from $24 to $26 and maintained a “buy” rating, reflecting improved expectations following the quarterly update.
• Neutral Sentiment: Morgan Stanley raised its target but stayed cautious: The firm lifted its target from $18.50 to $27 while assigning an “equal weight” rating, suggesting valuation has improved but the stock’s near-term upside may be limited.
• Negative Sentiment: Profitability remains a risk: Aeva continues to report substantial losses, and operating expenses increased despite the improved gross-profit performance. Analysts still expect a full-year loss.
• Neutral Sentiment: Trading volatility was elevated: AEVA experienced a temporary limit-up/limit-down trading halt, highlighting unusually intense short-term price movement rather than a change in the company’s fundamentals.

Institutional Investors Weigh In On Aeva Technologies

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Quantbot Technologies LP increased its position in shares of Aeva Technologies by 122.8% during the third quarter. Quantbot Technologies LP now owns 2,099 shares of the company’s stock worth $30,000 after buying an additional 1,157 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in Aeva Technologies during the 4th quarter worth approximately $33,000. Jones Financial Companies Lllp lifted its holdings in shares of Aeva Technologies by 27,345.0% in the 1st quarter. Jones Financial Companies Lllp now owns 5,489 shares of the company’s stock worth $38,000 after purchasing an additional 5,469 shares in the last quarter. Caitong International Asset Management Co. Ltd bought a new position in shares of Aeva Technologies in the fourth quarter valued at $47,000. Finally, Daiwa Securities Group Inc. increased its position in shares of Aeva Technologies by 79.5% during the fourth quarter. Daiwa Securities Group Inc. now owns 4,339 shares of the company’s stock worth $58,000 after acquiring an additional 1,922 shares in the last quarter. Institutional investors and hedge funds own 62.92% of the company’s stock.

Aeva Technologies Stock Up 5.4%

The company has a debt-to-equity ratio of 7.32, a quick ratio of 3.89 and a current ratio of 4.09. The company has a market cap of $1.68 billion, a price-to-earnings ratio of -9.75 and a beta of 2.47. The stock’s fifty day moving average is $21.57 and its two-hundred day moving average is $17.77.

Aeva Technologies (NASDAQ:AEVA) last released its quarterly earnings results on Wednesday, May 6th. The company reported ($0.41) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.53) by $0.12. The business had revenue of $6.26 million during the quarter. Aeva Technologies had a negative return on equity of 1,166.04% and a negative net margin of 150.12%. Sell-side analysts predict that Aeva Technologies, Inc. will post -2.26 earnings per share for the current fiscal year.

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.