Aeva Technologies (NASDAQ:AEVA) Price Target Raised to $27.00 at Morgan Stanley

Aeva Technologies (NASDAQ:AEVA) had its price objective boosted by Morgan Stanley from $18.50 to $27.00 in a research report released on Friday,Benzinga reports. Morgan Stanley currently has an equal weight rating on the stock.

AEVA has been the subject of a number of other research reports. Oppenheimer reiterated an “outperform” rating and issued a $42.00 target price on shares of Aeva Technologies in a report on Thursday. Wall Street Zen downgraded Aeva Technologies from a “hold” rating to a “sell” rating in a research report on Saturday, May 16th. Weiss Ratings raised shares of Aeva Technologies from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Monday, May 11th. Finally, Canaccord Genuity Group boosted their price objective on shares of Aeva Technologies from $24.00 to $26.00 and gave the company a “buy” rating in a research report on Thursday. Two investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $31.67.

Aeva Technologies Stock Performance

Aeva Technologies stock opened at $26.62 on Friday. The company’s 50-day moving average price is $21.57 and its 200-day moving average price is $17.77. The company has a quick ratio of 3.89, a current ratio of 4.09 and a debt-to-equity ratio of 7.32. The company has a market cap of $1.68 billion, a PE ratio of -9.75 and a beta of 2.47. Aeva Technologies has a twelve month low of $8.83 and a twelve month high of $31.30.

Aeva Technologies (NASDAQ:AEVA) last announced its quarterly earnings results on Wednesday, May 6th. The company reported ($0.41) EPS for the quarter, beating analysts’ consensus estimates of ($0.53) by $0.12. The firm had revenue of $6.26 million during the quarter. Aeva Technologies had a negative net margin of 150.12% and a negative return on equity of 1,166.04%. On average, equities research analysts forecast that Aeva Technologies will post -2.26 EPS for the current fiscal year.

Insider Activity

In other news, CFO Saurabh Sinha sold 20,620 shares of the stock in a transaction that occurred on Wednesday, July 8th. The stock was sold at an average price of $21.16, for a total value of $436,319.20. Following the sale, the chief financial officer directly owned 658,202 shares in the company, valued at approximately $13,927,554.32. This represents a 3.04% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CTO Mina Rezk sold 350,000 shares of the firm’s stock in a transaction that occurred on Tuesday, June 16th. The stock was sold at an average price of $24.57, for a total value of $8,599,500.00. Following the sale, the chief technology officer directly owned 1,706,669 shares of the company’s stock, valued at $41,932,857.33. This represents a 17.02% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 817,245 shares of company stock valued at $19,342,658. 36.70% of the stock is currently owned by insiders.

Institutional Trading of Aeva Technologies

Large investors have recently made changes to their positions in the stock. Quantbot Technologies LP increased its stake in Aeva Technologies by 122.8% in the 3rd quarter. Quantbot Technologies LP now owns 2,099 shares of the company’s stock worth $30,000 after buying an additional 1,157 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in Aeva Technologies during the 4th quarter valued at about $33,000. Jones Financial Companies Lllp boosted its position 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 valued at $38,000 after buying an additional 5,469 shares during the period. Caitong International Asset Management Co. Ltd purchased a new stake in Aeva Technologies in the 4th quarter valued at about $47,000. Finally, Daiwa Securities Group Inc. grew its stake in Aeva Technologies by 79.5% in the 4th quarter. Daiwa Securities Group Inc. now owns 4,339 shares of the company’s stock worth $58,000 after acquiring an additional 1,922 shares in the last quarter. 62.92% of the stock is owned by hedge funds and other institutional investors.

Trending Headlines about Aeva Technologies

Here are the key news stories impacting Aeva Technologies this week:

• Positive Sentiment: Q2 results exceeded expectations: Aeva reported a quarterly loss of $0.41 per share, narrower than the $0.44–$0.53 analyst estimates, while revenue reached approximately $6.26 million. The company also posted positive gross profit, helped by sharply higher service revenue. Aeva Q2 Earnings Report
• Positive Sentiment: Service revenue growth was a key catalyst: Service revenue nearly tripled year over year, contributing to the earnings beat and signaling progress in Aeva’s commercialization efforts. AEVA Q2 Earnings Beat on Service Growth and Gross Profit
• Positive Sentiment: Longer-term growth plans gained attention: Management outlined an optical-connectivity ramp beginning in 2027 and is targeting annual volumes in the multiple millions of units, supporting the potential for significant future revenue growth. Aeva Optical Connectivity Ramp
• Positive Sentiment: Canaccord remained bullish: Canaccord Genuity raised its price target from $24 to $26 and maintained a “buy” rating, reflecting improved expectations following the quarterly update.
• Neutral Sentiment: Morgan Stanley raised its target but stayed cautious: The firm lifted its target from $18.50 to $27 while assigning an “equal weight” rating, suggesting valuation has improved but the stock’s near-term upside may be limited.
• Negative Sentiment: Profitability remains a risk: Aeva continues to report substantial losses, and operating expenses increased despite the improved gross-profit performance. Analysts still expect a full-year loss.
• Neutral Sentiment: Trading volatility was elevated: AEVA experienced a temporary limit-up/limit-down trading halt, highlighting unusually intense short-term price movement rather than a change in the company’s fundamentals.

About Aeva Technologies

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.