HBK Sorce Advisory LLC Invests $277,000 in Aeva Technologies, Inc. $AEVA

HBK Sorce Advisory LLC purchased a new position in Aeva Technologies, Inc. (NASDAQ:AEVA) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 7,330 shares of the company’s stock, valued at approximately $277,000.

A number of other hedge funds have also recently made changes to their positions in the stock. GAMMA Investing LLC boosted its holdings in Aeva Technologies by 92.2% in the second quarter. GAMMA Investing LLC now owns 865 shares of the company’s stock worth $33,000 after acquiring an additional 415 shares in the last quarter. Jones Financial Companies Lllp grew its position in Aeva Technologies by 27,345.0% during the 1st quarter. Jones Financial Companies Lllp now owns 5,489 shares of the company’s stock valued at $38,000 after purchasing an additional 5,469 shares during the last quarter. AlphaQuest LLC bought a new stake in Aeva Technologies during the 2nd quarter valued at about $51,000. Nisa Investment Advisors LLC increased its stake in Aeva Technologies by 356.3% during the 2nd quarter. Nisa Investment Advisors LLC now owns 2,122 shares of the company’s stock valued at $80,000 after purchasing an additional 1,657 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Aeva Technologies by 4.8% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,722 shares of the company’s stock valued at $96,000 after purchasing an additional 630 shares in the last quarter. 62.92% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, CTO Mina Rezk sold 250,000 shares of the company’s stock in a transaction on Monday, August 11th. The stock was sold at an average price of $13.48, for a total value of $3,370,000.00. Following the completion of the sale, the chief technology officer directly owned 3,236,669 shares in the company, valued at $43,630,298.12. This represents a 7.17% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Soroush Salehian Dardashti sold 200,000 shares of the firm’s stock in a transaction on Wednesday, August 13th. The stock was sold at an average price of $13.45, for a total value of $2,690,000.00. Following the completion of the transaction, the chief executive officer directly owned 2,134,808 shares in the company, valued at approximately $28,713,167.60. This represents a 8.57% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 646,658 shares of company stock worth $8,698,680. Company insiders own 27.20% of the company’s stock.

Aeva Technologies Stock Performance

AEVA stock opened at $16.34 on Friday. Aeva Technologies, Inc. has a fifty-two week low of $2.52 and a fifty-two week high of $38.80. The business’s 50-day moving average is $16.09 and its two-hundred day moving average is $17.92. The company has a market cap of $920.43 million, a price-to-earnings ratio of -2.97 and a beta of 2.02.

Aeva Technologies (NASDAQ:AEVA) last issued its quarterly earnings data on Thursday, July 31st. The company reported ($0.55) earnings per share for the quarter, missing the consensus estimate of ($0.53) by ($0.02). The business had revenue of $5.51 million during the quarter, compared to the consensus estimate of $3.40 million. Aeva Technologies had a negative return on equity of 287.71% and a negative net margin of 2,178.31%. Equities analysts predict that Aeva Technologies, Inc. will post -2.7 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms recently commented on AEVA. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Aeva Technologies in a research report on Wednesday, October 8th. Wall Street Zen raised shares of Aeva Technologies from a “sell” rating to a “hold” rating in a report on Saturday, October 18th. Morgan Stanley raised their price target on shares of Aeva Technologies from $11.00 to $19.00 and gave the company an “equal weight” rating in a report on Friday, August 1st. Finally, Oppenheimer increased their price objective on shares of Aeva Technologies from $18.00 to $33.00 and gave the company an “outperform” rating in a research report on Wednesday, July 16th. Five research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Aeva Technologies presently has a consensus rating of “Moderate Buy” and a consensus price target of $18.33.

Aeva Technologies 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.