Aeva Technologies (NYSE:AEVA) Price Target Raised to $6.00 at Oppenheimer

Aeva Technologies (NYSE:AEVA - Free Report) had its target price upped by Oppenheimer from $5.00 to $6.00 in a research report report published on Thursday morning,Benzinga reports. They currently have an outperform rating on the stock.

Aeva Technologies Stock Up 13.1 %

Shares of NYSE:AEVA traded up $0.55 on Thursday, hitting $4.74. The company had a trading volume of 3,213,888 shares, compared to its average volume of 357,658. The firm's 50-day simple moving average is $3.83 and its two-hundred day simple moving average is $3.89. The firm has a market capitalization of $255.41 million, a price-to-earnings ratio of -1.53 and a beta of 1.41. Aeva Technologies has a 1 year low of $2.20 and a 1 year high of $5.49.

Insider Buying and Selling

In other news, CTO Mina Rezk sold 70,000 shares of the company's stock in a transaction on Monday, March 10th. The stock was sold at an average price of $2.79, for a total transaction of $195,300.00. Following the transaction, the chief technology officer now directly owns 8,696,669 shares of the company's stock, valued at $24,263,706.51. This represents a 0.80 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Stephen Paul Zadesky sold 14,851 shares of the firm's 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 sale, the director now directly owns 83,764 shares in the company, valued at approximately $293,174. The trade was a 15.06 % decrease in their position. The disclosure for this sale can be found here. 29.10% of the stock is currently owned by company insiders.

Remove Ads

Institutional Investors Weigh In On Aeva Technologies

A number of hedge funds have recently added to or reduced their stakes in the stock. PFG Investments LLC purchased a new stake in Aeva Technologies during the fourth quarter valued at $48,000. Intech Investment Management LLC bought a new position in shares of Aeva Technologies in the fourth quarter worth approximately $52,000. Squarepoint Ops LLC purchased a new position in shares of Aeva Technologies during the 4th quarter valued at $54,000. Susquehanna Fundamental Investments LLC bought a new position in Aeva Technologies in the 4th quarter worth $63,000. Finally, Advisory Services Network LLC purchased a new stake in Aeva Technologies in the 4th quarter worth $78,000. 62.92% of the stock is currently owned by hedge funds and other 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.