Aeva Technologies, Inc. (NASDAQ:AEVA) Receives $26.50 Average PT from Analysts

Shares of Aeva Technologies, Inc. (NASDAQ:AEVA) have earned a consensus rating of “Hold” from the five research firms that are presently covering the firm, Marketbeat reports. One analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $26.50.

A number of research analysts have weighed in on AEVA shares. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Aeva Technologies in a research note on Monday, December 29th. Canaccord Genuity Group restated a “buy” rating and set a $24.00 price objective on shares of Aeva Technologies in a report on Thursday, December 4th.

Aeva Technologies Stock Performance

Shares of AEVA opened at $15.38 on Tuesday. The stock has a 50 day simple moving average of $14.82 and a 200 day simple moving average of $14.73. Aeva Technologies has a 52-week low of $4.19 and a 52-week high of $38.80. The firm has a market capitalization of $924.03 million, a PE ratio of -3.03 and a beta of 2.09.

Insider Buying and Selling

In other Aeva Technologies news, CTO Mina Rezk sold 321,723 shares of the stock in a transaction dated Friday, January 2nd. The stock was sold at an average price of $12.96, for a total transaction of $4,169,530.08. Following the completion of the transaction, the chief technology officer owned 1,534,547 shares in the company, valued at approximately $19,887,729.12. This represents a 17.33% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Soroush Salehian Dardashti sold 488,160 shares of the business’s stock in a transaction dated Friday, January 2nd. The shares were sold at an average price of $12.96, for a total value of $6,326,553.60. Following the completion of the sale, the chief executive officer owned 1,831,199 shares in the company, valued at approximately $23,732,339.04. This trade represents a 21.05% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 1,064,292 shares of company stock valued at $15,170,040. Company insiders own 27.20% of the company’s stock.

Institutional Investors Weigh In On Aeva Technologies

Several institutional investors have recently bought and sold shares of AEVA. Quantbot Technologies LP grew its stake in shares of Aeva Technologies by 122.8% during the 3rd quarter. Quantbot Technologies LP now owns 2,099 shares of the company’s stock worth $30,000 after acquiring an additional 1,157 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in shares of Aeva Technologies in the fourth quarter valued at approximately $33,000. Jones Financial Companies Lllp lifted its position in shares of Aeva Technologies by 27,345.0% in the first quarter. Jones Financial Companies Lllp now owns 5,489 shares of the company’s stock worth $38,000 after purchasing an additional 5,469 shares in the last quarter. Total Investment Management Inc. bought a new stake in shares of Aeva Technologies in the second quarter worth $43,000. Finally, Caitong International Asset Management Co. Ltd acquired a new position in Aeva Technologies during the fourth quarter worth $47,000. Institutional investors own 62.92% of the company’s stock.

About Aeva Technologies

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.