Aeva Technologies (NYSE:AEVA) Price Target Raised to $9.00 at Oppenheimer

Aeva Technologies (NYSE:AEVA - Get Free Report) had its target price increased by analysts at Oppenheimer from $6.00 to $9.00 in a report issued on Monday,Benzinga reports. The firm presently has an "outperform" rating on the stock. Oppenheimer's target price suggests a potential upside of 29.12% from the stock's current price.

Several other research firms have also commented on AEVA. Morgan Stanley increased their price target on shares of Aeva Technologies from $4.87 to $5.22 and gave the company an "equal weight" rating in a research report on Friday, March 21st. Canaccord Genuity Group assumed coverage on Aeva Technologies in a report on Tuesday, April 1st. They set a "buy" rating and a $9.50 target price on the stock. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $7.14.

Aeva Technologies Stock Up 3.4 %

Shares of Aeva Technologies stock traded up $0.23 during trading on Monday, reaching $6.97. The company's stock had a trading volume of 65,075 shares, compared to its average volume of 835,346. The business has a 50 day moving average price of $5.06 and a 200-day moving average price of $4.50. The company has a market capitalization of $381.36 million, a P/E ratio of -2.26 and a beta of 1.03. Aeva Technologies has a 12-month low of $2.20 and a 12-month high of $8.12.

Insiders Place Their Bets

In other news, Director Stephen Paul Zadesky sold 14,851 shares of the stock in a transaction dated Friday, February 28th. The shares were sold at an average price of $3.50, for a total transaction of $51,978.50. Following the transaction, the director now directly owns 83,764 shares in the company, valued at $293,174. This represents a 15.06 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, major shareholder Sylebra Capital Llc purchased 1,333,188 shares of the company's stock in a transaction that occurred on Friday, March 28th. The shares were bought at an average cost of $6.70 per share, with a total value of $8,932,359.60. Following the transaction, the insider now directly owns 15,160,256 shares of the company's stock, valued at $101,573,715.20. The trade was a 9.64 % increase in their position. The disclosure for this purchase can be found here. In the last quarter, insiders have acquired 4,213,506 shares of company stock valued at $24,985,345 and have sold 527,079 shares valued at $3,000,979. Corporate insiders own 29.10% of the company's stock.

Institutional Trading of Aeva Technologies

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Parkwood LLC grew its stake in Aeva Technologies by 415.7% during the fourth quarter. Parkwood LLC now owns 1,426,627 shares of the company's stock worth $6,776,000 after buying an additional 1,150,000 shares during the period. Jane Street Group LLC increased its holdings in Aeva Technologies by 2,490.3% in the 4th quarter. Jane Street Group LLC now owns 648,942 shares of the company's stock valued at $3,082,000 after purchasing an additional 623,889 shares in the last quarter. LPL Financial LLC acquired a new stake in Aeva Technologies in the 4th quarter valued at $451,000. Geode Capital Management LLC lifted its stake in shares of Aeva Technologies by 14.2% during the third quarter. Geode Capital Management LLC now owns 611,873 shares of the company's stock worth $2,013,000 after purchasing an additional 76,044 shares in the last quarter. Finally, Two Sigma Investments LP boosted its position in shares of Aeva Technologies by 308.6% in the fourth quarter. Two Sigma Investments LP now owns 74,288 shares of the company's stock worth $353,000 after buying an additional 56,107 shares during the period. Institutional investors and hedge funds own 62.92% of the company's stock.

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.