Aeva Technologies, Inc. (NYSE:AEVA) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of Aeva Technologies, Inc. (NYSE:AEVA) have received an average rating of “Moderate Buy” from the five ratings firms that are currently covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $10.92.

Several research analysts have recently weighed in on AEVA shares. Craig Hallum reduced their target price on Aeva Technologies from $10.00 to $7.00 and set a “buy” rating for the company in a research note on Wednesday. Oppenheimer reiterated an “outperform” rating and set a $25.00 price target on shares of Aeva Technologies in a research report on Wednesday, March 6th. Morgan Stanley boosted their price target on Aeva Technologies to $5.10 and gave the stock an “equal weight” rating in a research report on Tuesday, March 19th. Finally, Roth Mkm upped their target price on Aeva Technologies from $5.00 to $7.50 and gave the company a “buy” rating in a report on Wednesday, January 10th.

Insider Transactions at Aeva Technologies

In related news, CEO Soroush Salehian Dardashti sold 33,147 shares of the stock in a transaction dated Monday, March 25th. The stock was sold at an average price of $3.95, for a total transaction of $130,930.65. Following the transaction, the chief executive officer now owns 4,525,554 shares of the company’s stock, valued at approximately $17,875,938.30. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In the last ninety days, insiders sold 176,729 shares of company stock worth $756,557. 34.60% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Aeva Technologies

A number of hedge funds have recently bought and sold shares of AEVA. SG Americas Securities LLC acquired a new stake in Aeva Technologies in the 3rd quarter valued at about $31,000. Oppenheimer & Co. Inc. raised its position in Aeva Technologies by 20.8% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 451,723 shares of the company’s stock valued at $346,000 after purchasing an additional 77,855 shares in the last quarter. Sylebra Capital LLC acquired a new stake in shares of Aeva Technologies during the 3rd quarter worth about $20,730,000. Parkwood LLC raised its position in shares of Aeva Technologies by 78.4% during the 4th quarter. Parkwood LLC now owns 609,825 shares of the company’s stock worth $462,000 after acquiring an additional 268,046 shares in the last quarter. Finally, BNP Paribas Financial Markets acquired a new stake in shares of Aeva Technologies during the 1st quarter worth about $31,000. Institutional investors and hedge funds own 62.92% of the company’s stock.

Aeva Technologies Stock Performance

NYSE AEVA traded up $0.04 during trading hours on Wednesday, reaching $3.49. The stock had a trading volume of 167,063 shares, compared to its average volume of 340,084. The stock has a fifty day moving average of $4.13 and a 200 day moving average of $3.97. The stock has a market cap of $184.34 million, a P/E ratio of -1.08 and a beta of 1.43. Aeva Technologies has a 52-week low of $2.33 and a 52-week high of $7.60.

Aeva Technologies (NYSE:AEVA) last announced its quarterly earnings results on Tuesday, March 5th. The company reported ($0.70) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.75) by $0.05. Aeva Technologies had a negative return on equity of 52.88% and a negative net margin of 3,463.20%. The company had revenue of $1.61 million during the quarter, compared to the consensus estimate of $1.59 million. On average, equities research analysts forecast that Aeva Technologies will post -2.78 EPS for the current year.

Aeva Technologies Company Profile

Aeva Technologies, Inc engages in the design, manufacturing, and sale of LiDAR sensing systems, and related perception and autonomy-enabling software solutions in the United States, Thailand, Europe, the Middle East, and Asia. The company develops its products using frequency modulated continuous wave sensing technology.