Aeva Technologies, Inc. (NYSE:AEVA) Receives $10.92 Consensus Target Price from Brokerages

Shares of Aeva Technologies, Inc. (NYSE:AEVA) have been given an average rating of “Moderate Buy” by the five research firms that are covering the firm, Marketbeat reports. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $10.03.

A number of research analysts have recently commented on the company. Roth Mkm dropped their price target on Aeva Technologies from $7.50 to $5.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. Craig Hallum dropped their price target on Aeva Technologies from $7.00 to $5.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. Finally, Westpark Capital reiterated a “hold” rating on shares of Aeva Technologies in a research note on Wednesday, August 7th.

Institutional Trading of Aeva Technologies

A number of institutional investors and hedge funds have recently bought and sold shares of AEVA. Magnetar Financial LLC acquired a new stake in Aeva Technologies during the 1st quarter worth about $633,000. BNP Paribas Financial Markets acquired a new stake in Aeva Technologies during the 1st quarter worth about $31,000. Susquehanna Fundamental Investments LLC acquired a new stake in Aeva Technologies during the 1st quarter worth about $58,000. Parkwood LLC grew its holdings in Aeva Technologies by 78.4% during the 4th quarter. Parkwood LLC now owns 609,825 shares of the company’s stock worth $462,000 after acquiring an additional 268,046 shares during the period. Finally, Dimensional Fund Advisors LP acquired a new stake in Aeva Technologies during the 2nd quarter worth about $118,000. 62.92% of the stock is currently owned by institutional investors and hedge funds.

Aeva Technologies Price Performance

NYSE AEVA opened at $2.85 on Wednesday. The business has a fifty day moving average price of $2.94 and a two-hundred day moving average price of $3.70. Aeva Technologies has a fifty-two week low of $2.20 and a fifty-two week high of $7.25. The stock has a market capitalization of $150.61 million, a PE ratio of -0.91 and a beta of 1.40.

About Aeva Technologies

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.