Aeva Technologies’ (AEVA) “Sell (D-)” Rating Reiterated at Weiss Ratings

Weiss Ratings reaffirmed their sell (d-) rating on shares of Aeva Technologies (NASDAQ:AEVA) in a research report sent to investors on Wednesday morning,Weiss Ratings reports.

Several other equities analysts also recently commented on AEVA. Oppenheimer increased their target price on shares of Aeva Technologies from $18.00 to $33.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 16th. Morgan Stanley raised their price target on Aeva Technologies from $11.00 to $19.00 and gave the company an “equal weight” rating in a research report on Friday, August 1st. Wall Street Zen downgraded Aeva Technologies from a “hold” rating to a “sell” rating in a research report on Saturday, September 20th. Finally, Roth Capital raised their price target on Aeva Technologies from $17.00 to $30.00 and gave the company a “buy” rating in a research report on Tuesday, June 17th. Five equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $18.33.

Aeva Technologies Price Performance

Aeva Technologies stock opened at $15.61 on Wednesday. The company has a market capitalization of $879.31 million, a price-to-earnings ratio of -2.84 and a beta of 2.02. Aeva Technologies has a one year low of $2.52 and a one year high of $38.80. The company’s fifty day moving average price is $15.06 and its two-hundred day moving average price is $16.71.

Aeva Technologies (NASDAQ:AEVA) last posted its earnings results on Thursday, July 31st. The company reported ($0.55) EPS for the quarter, missing the consensus estimate of ($0.53) by ($0.02). The business had revenue of $5.51 million for the quarter, compared to analyst estimates of $3.40 million. Aeva Technologies had a negative return on equity of 287.71% and a negative net margin of 2,178.31%. As a group, sell-side analysts anticipate that Aeva Technologies will post -2.7 earnings per share for the current year.

Insider Activity at Aeva Technologies

In related news, CEO Soroush Salehian Dardashti sold 200,000 shares of the stock in a transaction dated Wednesday, August 13th. The shares were sold at an average price of $13.45, for a total value of $2,690,000.00. Following the completion of the sale, the chief executive officer owned 2,134,808 shares in the company, valued at approximately $28,713,167.60. This trade represents a 8.57% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CTO Mina Rezk sold 250,000 shares of the stock in a transaction dated Monday, August 11th. The shares were sold at an average price of $13.48, for a total transaction of $3,370,000.00. Following the completion of the sale, the chief technology officer owned 3,236,669 shares of the company’s stock, valued at approximately $43,630,298.12. The trade was a 7.17% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 646,658 shares of company stock worth $8,698,680. Company insiders own 27.20% of the company’s stock.

Institutional Investors Weigh In On Aeva Technologies

Several hedge funds have recently made changes to their positions in AEVA. GAMMA Investing LLC lifted its stake in shares of Aeva Technologies by 92.2% in the second quarter. GAMMA Investing LLC now owns 865 shares of the company’s stock valued at $33,000 after buying an additional 415 shares during the period. Quantbot Technologies LP bought a new stake in shares of Aeva Technologies in the second quarter valued at about $36,000. Jones Financial Companies Lllp lifted its stake in shares of Aeva Technologies by 27,345.0% in the first quarter. Jones Financial Companies Lllp now owns 5,489 shares of the company’s stock valued at $38,000 after buying an additional 5,469 shares during the period. Total Investment Management Inc. bought a new position in Aeva Technologies during the second quarter worth about $43,000. Finally, AlphaQuest LLC bought a new position in Aeva Technologies during the second quarter worth about $51,000. Institutional investors own 62.92% of the company’s stock.

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.