Aeva Technologies (NASDAQ:AEVA) Sets New 12-Month High – Should You Buy?

Aeva Technologies, Inc. (NASDAQ:AEVA)’s share price reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $21.85 and last traded at $21.78, with a volume of 1411613 shares traded. The stock had previously closed at $20.90.

Analyst Ratings Changes

AEVA has been the subject of several recent analyst reports. Roth Capital boosted their target price on Aeva Technologies from $6.00 to $17.00 and gave the stock a “buy” rating in a research note on Thursday, May 15th. Morgan Stanley raised their target price on shares of Aeva Technologies from $5.22 to $11.00 and gave the stock an “equal weight” rating in a research note on Monday, May 12th. Canaccord Genuity Group lifted their price target on Aeva Technologies from $9.50 to $16.00 and gave the company a “buy” rating in a research note on Thursday, May 15th. Finally, Oppenheimer upped their target price on shares of Aeva Technologies from $9.00 to $18.00 and gave the stock an “outperform” rating in a research report on Thursday, May 15th. Two analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $12.33.

Aeva Technologies Price Performance

The firm has a 50-day simple moving average of $12.10 and a two-hundred day simple moving average of $7.02. The company has a market cap of $1.28 billion, a PE ratio of -7.55 and a beta of 1.66.

Insider Buying and Selling

In other Aeva Technologies news, CEO Soroush Salehian Dardashti sold 250,000 shares of Aeva Technologies stock in a transaction that occurred on Monday, May 19th. The shares were sold at an average price of $15.70, for a total transaction of $3,925,000.00. Following the transaction, the chief executive officer now directly owns 3,514,808 shares of the company’s stock, valued at $55,182,485.60. The trade was a 6.64% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, major shareholder Sylebra Capital Llc purchased 990,411 shares of the firm’s stock in a transaction that occurred on Monday, March 24th. The shares were acquired at an average cost of $4.36 per share, with a total value of $4,318,191.96. Following the completion of the transaction, the insider now owns 11,369,715 shares in the company, valued at $49,571,957.40. This trade represents a 9.54% increase in their position. The disclosure for this purchase can be found here. Over the last 90 days, insiders have bought 4,213,506 shares of company stock worth $24,985,345 and have sold 1,067,228 shares worth $11,550,119. 27.20% of the stock is owned by company insiders.

Institutional Investors Weigh In On Aeva Technologies

Large investors have recently modified their holdings of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Aeva Technologies by 4.8% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,722 shares of the company’s stock worth $96,000 after acquiring an additional 630 shares during the last quarter. AQR Capital Management LLC boosted its holdings in shares of 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 during the period. Barclays PLC boosted its stake in Aeva Technologies by 16.3% during the 4th quarter. Barclays PLC now owns 34,800 shares of the company’s stock valued at $166,000 after purchasing an additional 4,890 shares during the period. Jones Financial Companies Lllp grew its holdings in Aeva Technologies by 27,345.0% in the 1st quarter. Jones Financial Companies Lllp now owns 5,489 shares of the company’s stock worth $38,000 after buying an additional 5,469 shares in the last quarter. Finally, Rhumbline Advisers grew its stake in shares of Aeva Technologies by 13.2% in the fourth quarter. Rhumbline Advisers now owns 53,617 shares of the company’s stock worth $255,000 after purchasing an additional 6,238 shares in the last quarter. Institutional investors and hedge funds own 62.92% of the company’s stock.

Aeva Technologies Company Profile

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.