Aeva Technologies, Inc. (NYSE:AEVA) Given Consensus Rating of "Moderate Buy" by Brokerages

Shares of Aeva Technologies, Inc. (NYSE:AEVA - Get Free Report) have been assigned an average recommendation of "Moderate Buy" from the six brokerages that are presently covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12-month price target among brokerages that have covered the stock in the last year is $6.54.

Several equities analysts have recently weighed in on the company. Oppenheimer boosted their target price on Aeva Technologies from $5.00 to $6.00 and gave the company an "outperform" rating in a research report on Thursday, March 20th. Canaccord Genuity Group assumed coverage on shares of Aeva Technologies in a research note on Tuesday. They issued a "buy" rating and a $9.50 target price on the stock. Finally, Morgan Stanley lifted their price target on shares of Aeva Technologies from $4.87 to $5.22 and gave the stock an "equal weight" rating in a research note on Friday, March 21st.

Aeva Technologies Stock Down 10.1 %

NYSE AEVA traded down $0.74 during trading hours on Tuesday, hitting $6.57. 1,072,712 shares of the company were exchanged, compared to its average volume of 424,766. Aeva Technologies has a 52 week low of $2.20 and a 52 week high of $7.53. The stock has a 50-day moving average price of $4.22 and a 200 day moving average price of $4.12. The stock has a market cap of $359.47 million, a PE ratio of -2.13 and a beta of 1.03.

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Insider Buying and Selling

In related news, CTO Mina Rezk sold 7,300 shares of the stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $7.50, for a total value of $54,750.00. Following the transaction, the chief technology officer now owns 8,689,369 shares of the company's stock, valued at $65,170,267.50. This represents a 0.08 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Stephen Paul Zadesky sold 14,851 shares of Aeva Technologies stock in a transaction on Friday, February 28th. The shares were sold at an average price of $3.50, for a total value of $51,978.50. Following the sale, the director now directly owns 83,764 shares of the company's stock, valued at approximately $293,174. This trade represents a 15.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have purchased 4,213,506 shares of company stock valued at $24,985,345 and have sold 292,151 shares valued at $1,374,029. 29.10% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Aeva Technologies

Several institutional investors and hedge funds have recently made changes to their positions in AEVA. Parkwood LLC grew its position in Aeva Technologies by 415.7% during the 4th quarter. Parkwood LLC now owns 1,426,627 shares of the company's stock worth $6,776,000 after purchasing an additional 1,150,000 shares during the period. Jane Street Group LLC boosted its position in Aeva Technologies by 2,490.3% during the fourth quarter. Jane Street Group LLC now owns 648,942 shares of the company's stock worth $3,082,000 after acquiring an additional 623,889 shares during the last quarter. Geode Capital Management LLC grew its position in shares of Aeva Technologies by 1.5% in the fourth quarter. Geode Capital Management LLC now owns 621,191 shares of the company's stock valued at $2,951,000 after purchasing an additional 9,318 shares in the last quarter. State Street Corp boosted its position in shares of Aeva Technologies by 5.5% during the 3rd quarter. State Street Corp now owns 452,309 shares of the company's stock valued at $1,488,000 after acquiring an additional 23,593 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of Aeva Technologies by 14.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 242,376 shares of the company's stock worth $1,151,000 after buying an additional 30,924 shares during the last quarter. 62.92% of the stock is currently owned by institutional investors and hedge funds.

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.