Aeva Technologies, Inc. (NASDAQ:AEVA) Stock Has Average Price Target of $28.75

Aeva Technologies, Inc. (NASDAQ:AEVA) has earned a consensus rating of “Hold” from the five brokerages that are currently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating on the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $28.75.

A number of equities analysts have issued reports on AEVA shares. Weiss Ratings raised shares of Aeva Technologies from a “sell (e+)” rating to a “sell (d-)” rating in a report on Friday, September 4th. Oppenheimer reissued an “outperform” rating and issued a $42.00 price objective on shares of Aeva Technologies in a research note on Thursday, August 6th. Wall Street Zen cut Aeva Technologies from a “sell” rating to a “strong sell” rating in a report on Saturday, August 8th. The Goldman Sachs Group assumed coverage on shares of Aeva Technologies in a report on Monday, August 24th. They set a “neutral” rating and a $20.00 target price for the company. Finally, Canaccord Genuity Group boosted 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.

Insider Transactions at Aeva Technologies

In other news, CTO Mina Rezk sold 28,173 shares of the firm’s stock in a transaction dated Thursday, November 5th. The stock was sold at an average price of $8.82, for a total transaction of $248,485.86. Following the completion of the transaction, the chief technology officer directly owned 1,499,060 shares in the company, valued at $13,221,709.20. This trade represents a 1.84% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Soroush Dardashti sold 42,262 shares of the stock in a transaction on Thursday, November 5th. The stock was sold at an average price of $8.82, for a total value of $372,750.84. Following the completion of the sale, the chief executive officer directly owned 1,487,471 shares in the company, valued at approximately $13,119,494.22. This represents a 2.76% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last quarter, insiders sold 579,680 shares of company stock worth $12,353,149. 36.70% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Aeva Technologies

Several large investors have recently added to or reduced their stakes in AEVA. Rockefeller Capital Management L.P. boosted its stake in Aeva Technologies by 19.3% in the fourth quarter. Rockefeller Capital Management L.P. now owns 7,159 shares of the company’s stock worth $95,000 after purchasing an additional 1,159 shares in the last quarter. Bank of New York Mellon Corp grew its position in Aeva Technologies by 1.8% during the first quarter. Bank of New York Mellon Corp now owns 96,156 shares of the company’s stock valued at $1,265,000 after buying an additional 1,743 shares during the period. Russell Investments Group Ltd. raised its holdings in shares of Aeva Technologies by 15.6% in the third quarter. Russell Investments Group Ltd. now owns 13,067 shares of the company’s stock worth $183,000 after buying an additional 1,765 shares during the period. Quantinno Capital Management LP increased its stake in shares of Aeva Technologies by 15.4% in the first quarter. Quantinno Capital Management LP now owns 24,141 shares of the company’s stock worth $318,000 after acquiring an additional 3,218 shares during the period. Finally, Next Capital Management LLC acquired a new stake in shares of Aeva Technologies in the 2nd quarter worth $211,000. 62.92% of the stock is currently owned by institutional investors.

Aeva Technologies Stock Performance

AEVA stock opened at $11.00 on Friday. The stock has a market capitalization of $693.44 million, a price-to-earnings ratio of -4.00 and a beta of 2.56. The stock’s fifty day moving average is $13.03 and its two-hundred day moving average is $16.69. The company has a debt-to-equity ratio of 3.52, a quick ratio of 7.63 and a current ratio of 7.85. Aeva Technologies has a 1 year low of $8.26 and a 1 year high of $31.30.

About Aeva Technologies

Aeva Technologies, Inc develops sensing and perception systems designed to help machines understand their surroundings. The company’s core technology is a 4D lidar platform that uses frequency-modulated continuous-wave (FMCW) sensing to measure an object’s location, depth, and velocity, supporting applications that require real-time environmental awareness.

Its products include lidar sensors and related perception software for the automotive, industrial, robotics, mapping, and other machine-perception markets.