Aeva Technologies (NASDAQ:AEVA) Downgraded to “Strong Sell” Rating by Wall Street Zen

Wall Street Zen downgraded shares of Aeva Technologies (NASDAQ:AEVA) from a sell rating to a strong sell rating in a research report released on Saturday.

A number of other equities research analysts also recently issued reports on AEVA. Weiss Ratings raised shares of Aeva Technologies from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Monday, May 11th. Canaccord Genuity Group increased their price objective on shares of Aeva Technologies from $24.00 to $26.00 and gave the stock a “buy” rating in a research report on Thursday. Oppenheimer reiterated an “outperform” rating and issued a $42.00 target price on shares of Aeva Technologies in a report on Thursday. Finally, Morgan Stanley boosted their target price on Aeva Technologies from $18.50 to $27.00 and gave the company an “equal weight” rating in a research report on Friday. Two investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $31.67.

Aeva Technologies Trading Up 5.4%

NASDAQ AEVA opened at $26.62 on Friday. The firm’s 50-day moving average is $21.57 and its two-hundred day moving average is $17.77. Aeva Technologies has a 12 month low of $8.83 and a 12 month high of $31.30. The company has a debt-to-equity ratio of 7.32, a current ratio of 4.09 and a quick ratio of 3.89. The stock has a market capitalization of $1.68 billion, a P/E ratio of -9.75 and a beta of 2.47.

Aeva Technologies (NASDAQ:AEVA) last announced its earnings results on Wednesday, May 6th. The company reported ($0.41) earnings per share for the quarter, topping the consensus estimate of ($0.53) by $0.12. Aeva Technologies had a negative net margin of 150.12% and a negative return on equity of 1,166.04%. The company had revenue of $6.26 million during the quarter. On average, sell-side analysts anticipate that Aeva Technologies will post -2.26 earnings per share for the current year.

Insider Buying and Selling at Aeva Technologies

In other news, CFO Saurabh Sinha sold 20,620 shares of the stock in a transaction dated Wednesday, July 8th. The shares were sold at an average price of $21.16, for a total transaction of $436,319.20. Following the sale, the chief financial officer owned 658,202 shares of the company’s stock, valued at approximately $13,927,554.32. This represents a 3.04% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Soroush Salehian Dardashti sold 225,349 shares of the stock in a transaction dated Tuesday, June 16th. The stock was sold at an average price of $24.57, for a total transaction of $5,536,824.93. Following the sale, the chief executive officer directly owned 1,659,957 shares in the company, valued at $40,785,143.49. This represents a 11.95% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 817,245 shares of company stock valued at $19,342,658 in the last three months. 36.70% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Duquesne Family Office LLC acquired a new stake in Aeva Technologies during the 3rd quarter worth approximately $26,670,000. Millennium Management LLC purchased a new position in Aeva Technologies in the 3rd quarter valued at approximately $25,751,000. Delta Global Management LP grew its stake in shares of Aeva Technologies by 29.7% in the fourth quarter. Delta Global Management LP now owns 1,623,148 shares of the company’s stock worth $21,555,000 after acquiring an additional 372,159 shares in the last quarter. Vanguard Group Inc. grew its stake in shares of Aeva Technologies by 12.5% in the third quarter. Vanguard Group Inc. now owns 1,576,930 shares of the company’s stock worth $22,865,000 after acquiring an additional 175,482 shares in the last quarter. Finally, Handelsbanken Fonder AB boosted its holdings in Aeva Technologies by 158.3% in the fourth quarter. Handelsbanken Fonder AB now owns 1,445,409 shares of the company’s stock valued at $19,202,000 after purchasing an additional 885,774 shares during the period. Institutional investors and hedge funds own 62.92% of the company’s stock.

Aeva Technologies News Roundup

Here are the key news stories impacting Aeva Technologies this week:

• Positive Sentiment: Q2 results exceeded expectations: Aeva reported a quarterly loss of $0.41 per share, narrower than the $0.44–$0.53 analyst estimates, while revenue reached approximately $6.26 million. The company also posted positive gross profit, helped by sharply higher service revenue. Aeva Q2 Earnings Report
• Positive Sentiment: Service revenue growth was a key catalyst: Service revenue nearly tripled year over year, contributing to the earnings beat and signaling progress in Aeva’s commercialization efforts. AEVA Q2 Earnings Beat on Service Growth and Gross Profit
• Positive Sentiment: Longer-term growth plans gained attention: Management outlined an optical-connectivity ramp beginning in 2027 and is targeting annual volumes in the multiple millions of units, supporting the potential for significant future revenue growth. Aeva Optical Connectivity Ramp
• Positive Sentiment: Canaccord remained bullish: Canaccord Genuity raised its price target from $24 to $26 and maintained a “buy” rating, reflecting improved expectations following the quarterly update.
• Neutral Sentiment: Morgan Stanley raised its target but stayed cautious: The firm lifted its target from $18.50 to $27 while assigning an “equal weight” rating, suggesting valuation has improved but the stock’s near-term upside may be limited.
• Negative Sentiment: Profitability remains a risk: Aeva continues to report substantial losses, and operating expenses increased despite the improved gross-profit performance. Analysts still expect a full-year loss.
• Neutral Sentiment: Trading volatility was elevated: AEVA experienced a temporary limit-up/limit-down trading halt, highlighting unusually intense short-term price movement rather than a change in the company’s fundamentals.

Aeva Technologies Company Profile

Aeva Technologies, Inc is a technology company specializing in the development and commercialization of advanced sensing and perception solutions based on frequency-modulated continuous wave (FMCW) LiDAR. Headquartered in Mountain View, California, Aeva’s core products include solid-state LiDAR sensors and perception software designed to provide high-resolution, long-range 4D data for automotive, industrial and robotic applications. The company’s FMCW approach enables simultaneous measurement of both object velocity and distance, distinguishing Aeva’s systems from traditional time-of-flight LiDAR solutions.

Founded in 2016 by Soroush Salehian and Mina Rezk, Aeva began as Aeon Imaging before adopting its current name in 2019.