Aeva Technologies, Inc. (NASDAQ:AEVA) Receives $28.75 Consensus Target Price from Analysts

Aeva Technologies, Inc. (NASDAQ:AEVA) has been assigned a consensus recommendation of “Hold” from the five research firms that are covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, two have given a hold recommendation and two have issued a buy recommendation on the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $28.75.

A number of equities research analysts have weighed in on AEVA shares. Morgan Stanley lifted 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, August 7th. Weiss Ratings downgraded Aeva Technologies from a “sell (d-)” rating to a “sell (e+)” rating in a report on Friday, August 21st. Oppenheimer reissued an “outperform” rating and issued a $42.00 price target on shares of Aeva Technologies in a research report on Thursday, August 6th. Canaccord Genuity Group raised their price objective on Aeva Technologies from $24.00 to $26.00 and gave the company a “buy” rating in a research report on Thursday, August 6th. Finally, The Goldman Sachs Group assumed coverage on shares of Aeva Technologies in a report on Monday, August 24th. They issued a “neutral” rating and a $20.00 target price for the company.

Insiders Place Their Bets

In other Aeva Technologies news, CFO Saurabh Sinha sold 70,000 shares of the firm’s stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of $21.21, for a total value of $1,484,700.00. Following the completion of the transaction, the chief financial officer owned 581,372 shares of the company’s stock, valued at approximately $12,330,900.12. This trade represents a 10.75% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Soroush Salehian Dardashti sold 30,514 shares of the firm’s stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of $24.32, for a total transaction of $742,100.48. Following the transaction, the chief executive officer directly owned 1,220,808 shares of the company’s stock, valued at approximately $29,690,050.56. This trade represents a 2.44% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 1,292,344 shares of company stock valued at $30,568,186. Insiders own 36.70% of the company’s stock.

Institutional Trading of Aeva Technologies

A number of hedge funds have recently modified their holdings of AEVA. AQR Capital Management LLC raised its position in Aeva Technologies by 29.2% during the first quarter. AQR Capital Management LLC now owns 20,849 shares of the company’s stock valued at $146,000 after acquiring an additional 4,707 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Aeva Technologies by 4.8% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,722 shares of the company’s stock worth $96,000 after purchasing an additional 630 shares in the last quarter. Jones Financial Companies Lllp grew its stake in shares of Aeva Technologies by 27,345.0% during the 1st 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 during the period. Prudential Financial Inc. acquired a new stake in shares of Aeva Technologies during the 2nd quarter worth approximately $446,000. Finally, Russell Investments Group Ltd. purchased a new position in shares of Aeva Technologies during the 2nd quarter valued at approximately $1,239,000. Hedge funds and other institutional investors own 62.92% of the company’s stock.

Aeva Technologies Stock Performance

AEVA stock opened at $15.63 on Monday. The company has a debt-to-equity ratio of 3.52, a current ratio of 7.85 and a quick ratio of 7.63. Aeva Technologies has a 1-year low of $8.83 and a 1-year high of $31.30. The business has a 50 day simple moving average of $20.23 and a two-hundred day simple moving average of $18.35. The company has a market capitalization of $985.32 million, a price-to-earnings ratio of -5.73 and a beta of 2.47.

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.