Brokerages Set Aeva Technologies, Inc. (NASDAQ:AEVA) PT at $18.33

Aeva Technologies, Inc. (NASDAQ:AEVA) has received a consensus recommendation of “Moderate Buy” from the seven research firms that are covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell rating, one has issued a hold rating and five have assigned a buy rating to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $18.3333.

Several research firms have commented on AEVA. Morgan Stanley raised their target price on shares of Aeva Technologies from $11.00 to $19.00 and gave the company an “equal weight” rating in a report on Friday, August 1st. Oppenheimer raised their target price on shares of Aeva Technologies from $18.00 to $33.00 and gave the company an “outperform” rating in a report on Wednesday, July 16th. Weiss Ratings reissued a “sell (d-)” rating on shares of Aeva Technologies in a report on Wednesday, October 8th. Finally, Wall Street Zen raised shares of Aeva Technologies from a “sell” rating to a “hold” rating in a report on Saturday, October 18th.

Aeva Technologies Stock Down 3.9%

AEVA stock opened at $16.45 on Friday. Aeva Technologies has a 12 month low of $2.52 and a 12 month high of $38.80. The firm has a market cap of $926.60 million, a P/E ratio of -2.99 and a beta of 2.02. The company’s 50-day moving average price is $15.64 and its two-hundred day moving average price is $17.30.

Aeva Technologies (NASDAQ:AEVA) last released 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). Aeva Technologies had a negative net margin of 2,178.31% and a negative return on equity of 287.71%. The firm had revenue of $5.51 million during the quarter, compared to the consensus estimate of $3.40 million. Equities analysts predict that Aeva Technologies will post -2.7 EPS for the current year.

Insider Activity at Aeva Technologies

In related news, CEO Soroush Salehian Dardashti sold 200,000 shares of Aeva Technologies stock in a transaction that occurred on Wednesday, August 13th. The shares were sold at an average price of $13.45, for a total transaction of $2,690,000.00. Following the sale, the chief executive officer directly owned 2,134,808 shares of the company’s stock, valued at approximately $28,713,167.60. The trade was a 8.57% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CTO Mina Rezk sold 250,000 shares of Aeva Technologies stock in a transaction that occurred on 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 sale, the chief technology officer directly owned 3,236,669 shares in the company, valued at $43,630,298.12. This trade represents a 7.17% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 646,658 shares of company stock valued at $8,698,680. 27.20% of the stock is owned by insiders.

Institutional Investors Weigh In On Aeva Technologies

Hedge funds and other institutional investors have recently made changes to their positions in the stock. GAMMA Investing LLC grew its holdings in shares of Aeva Technologies by 92.2% during the 2nd quarter. GAMMA Investing LLC now owns 865 shares of the company’s stock valued at $33,000 after purchasing an additional 415 shares during the last quarter. Quantbot Technologies LP acquired a new position in Aeva Technologies in the 2nd quarter valued at approximately $36,000. Jones Financial Companies Lllp raised its stake in shares of Aeva Technologies by 27,345.0% during the first quarter. Jones Financial Companies Lllp now owns 5,489 shares of the company’s stock valued at $38,000 after acquiring an additional 5,469 shares during the last quarter. Total Investment Management Inc. bought a new position in shares of Aeva Technologies during the second quarter valued at $43,000. Finally, AlphaQuest LLC acquired a new position in shares of Aeva Technologies during the second quarter worth $51,000. 62.92% of the stock is owned by institutional investors.

About Aeva Technologies

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.