Aeva Technologies, Inc. (AEVA) – What Are Investment Firms Thinking About This Stock?

Aeva Technologies, Inc. (NASDAQ:AEVA) has received a consensus rating of “Hold” from the five brokerages that are currently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating on the company. The average 12-month price target among analysts that have covered the stock in the last year is $28.75.

AEVA has been the subject of a number of recent research reports. Weiss Ratings raised Aeva Technologies from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Friday, September 4th. The Goldman Sachs Group started coverage on shares of Aeva Technologies in a report on Monday, August 24th. They issued a “neutral” rating and a $20.00 price objective on the stock. Morgan Stanley boosted their price objective on shares of Aeva Technologies from $18.50 to $27.00 and gave the stock an “equal weight” rating in a research report on Friday, August 7th. Oppenheimer restated an “outperform” rating and set a $42.00 target price on shares of Aeva Technologies in a report on Thursday, August 6th. Finally, Canaccord Genuity Group increased their target price on shares of Aeva Technologies from $24.00 to $26.00 and gave the stock a “buy” rating in a report on Thursday, August 6th.

Aeva Technologies Stock Down 1.2%

NASDAQ:AEVA opened at $9.91 on Tuesday. The company has a debt-to-equity ratio of 3.52, a quick ratio of 7.63 and a current ratio of 7.85. The company has a market cap of $624.73 million, a PE ratio of -3.63 and a beta of 2.41. Aeva Technologies has a 52-week low of $8.83 and a 52-week high of $31.30. The stock has a 50-day simple moving average of $15.80 and a 200 day simple moving average of $18.39.

Insiders Place Their Bets

In other news, CEO Soroush Dardashti sold 30,514 shares of the firm’s stock in a transaction dated Tuesday, August 11th. The stock was sold at an average price of $24.32, for a total value of $742,100.48. Following the completion of the transaction, the chief executive officer owned 1,220,808 shares in the company, valued at $29,690,050.56. This trade represents a 2.44% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CTO Mina Rezk sold 100,000 shares of Aeva Technologies stock in a transaction dated Monday, August 10th. The shares were sold at an average price of $24.01, for a total value of $2,401,000.00. Following the completion of the sale, the chief technology officer directly owned 1,606,669 shares in the company, valued at approximately $38,576,122.69. This represents a 5.86% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 536,683 shares of company stock valued at $12,154,457 in the last three months. 36.70% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Rockefeller Capital Management L.P. grew its position in shares of Aeva Technologies by 19.3% during the 4th quarter. Rockefeller Capital Management L.P. now owns 7,159 shares of the company’s stock worth $95,000 after purchasing an additional 1,159 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in shares of Aeva Technologies by 1.8% during the first quarter. Bank of New York Mellon Corp now owns 96,156 shares of the company’s stock worth $1,265,000 after purchasing an additional 1,743 shares during the period. Quantinno Capital Management LP raised its position in shares of Aeva Technologies by 15.4% in the first quarter. Quantinno Capital Management LP now owns 24,141 shares of the company’s stock valued at $318,000 after buying an additional 3,218 shares in the last quarter. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Aeva Technologies in the fourth quarter valued at approximately $47,000. Finally, Inspire Investing LLC raised its position in shares of Aeva Technologies by 10.2% in the first quarter. Inspire Investing LLC now owns 38,911 shares of the company’s stock valued at $512,000 after buying an additional 3,611 shares in the last quarter. 62.92% of the stock is owned by institutional investors and hedge funds.

Aeva Technologies Company Profile

Aeva Technologies, Inc develops perception and sensing systems based on frequency-modulated continuous-wave (FMCW) technology. Its core products are 4D LiDAR sensors and related software designed to measure an object’s location, velocity and other characteristics in real time. The company’s technology is intended to support advanced driver-assistance systems, autonomous vehicles and other applications that require high-resolution environmental perception.

Aeva offers automotive and industrial sensing solutions, including its Aeries line of automotive-grade 4D LiDAR sensors and Atlas systems for automated driving and mapping applications.