Morgan Stanley Boosts Aeva Technologies (NYSE:AEVA) Price Target to $5.22

Aeva Technologies (NYSE:AEVA - Free Report) had its price objective hoisted by Morgan Stanley from $4.87 to $5.22 in a research note published on Friday,Benzinga reports. They currently have an equal weight rating on the stock.

Separately, Oppenheimer increased their target price on shares of Aeva Technologies from $5.00 to $6.00 and gave the stock an "outperform" rating in a report on Thursday, March 20th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, Aeva Technologies currently has a consensus rating of "Moderate Buy" and a consensus price target of $5.81.

Aeva Technologies Stock Performance

NYSE AEVA traded up $0.45 during trading hours on Friday, reaching $5.19. 1,875,607 shares of the company's stock were exchanged, compared to its average volume of 357,624. Aeva Technologies has a one year low of $2.20 and a one year high of $5.49. The company's 50-day moving average is $3.85 and its two-hundred day moving average is $3.91. The company has a market capitalization of $279.65 million, a price-to-earnings ratio of -1.68 and a beta of 1.41.

Insider Buying and Selling at Aeva Technologies

In related news, Director Stephen Paul Zadesky sold 14,851 shares of Aeva Technologies stock in a transaction dated Friday, February 28th. The stock was sold at an average price of $3.50, for a total transaction of $51,978.50. Following the completion of the transaction, the director now owns 83,764 shares in the company, valued at approximately $293,174. This trade represents a 15.06 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CTO Mina Rezk sold 70,000 shares of the company's stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $2.79, for a total value of $195,300.00. Following the completion of the sale, the chief technology officer now owns 8,696,669 shares in the company, valued at $24,263,706.51. This represents a 0.80 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 29.10% of the company's stock.

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Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Squarepoint Ops LLC acquired a new stake in Aeva Technologies during the 4th quarter valued at $54,000. Two Sigma Advisers LP raised its position in shares of Aeva Technologies by 307.9% in the fourth quarter. Two Sigma Advisers LP now owns 48,700 shares of the company's stock valued at $231,000 after purchasing an additional 36,760 shares during the period. Two Sigma Investments LP lifted its stake in shares of Aeva Technologies by 308.6% during the 4th 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 last quarter. Parkwood LLC boosted its holdings in shares of 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 buying an additional 1,150,000 shares during the period. Finally, Millennium Management LLC acquired a new position in Aeva Technologies in the 4th quarter valued at about $174,000. 62.92% of the stock is 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.