Aeva Technologies, Inc. (NASDAQ:AEVA) Receives Consensus Recommendation of “Hold” from Analysts

Aeva Technologies, Inc. (NASDAQ:AEVA) has been given an average rating of “Hold” by the five ratings firms that are covering the company, Marketbeat reports. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating on the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $28.75.

A number of analysts recently issued reports on the company. Canaccord Genuity Group lifted their target price on Aeva Technologies from $24.00 to $26.00 and gave the company a “buy” rating in a research report on Thursday, August 6th. Wall Street Zen cut Aeva Technologies from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 8th. Morgan Stanley raised their price target on Aeva Technologies from $18.50 to $27.00 and gave the company an “equal weight” rating in a research note on Friday, August 7th. Weiss Ratings upgraded Aeva Technologies from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Friday, September 4th. Finally, The Goldman Sachs Group began coverage on Aeva Technologies in a report on Monday, August 24th. They issued a “neutral” rating and a $20.00 price objective for the company.

Insiders Place Their Bets

In other Aeva Technologies news, CEO Soroush Dardashti sold 30,514 shares of the company’s stock in a transaction on Tuesday, August 11th. The shares were sold at an average price of $24.32, for a total transaction of $742,100.48. Following the sale, the chief executive officer directly owned 1,220,808 shares of the company’s stock, valued at approximately $29,690,050.56. This represents a 2.44% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CTO Mina Rezk sold 100,000 shares of the stock in a transaction on Monday, August 10th. The shares were sold at an average price of $24.01, for a total transaction of $2,401,000.00. Following the completion of the sale, the chief technology officer owned 1,606,669 shares of the company’s stock, valued at approximately $38,576,122.69. This represents a 5.86% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 701,141 shares of company stock valued at $15,709,746. 36.70% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Aeva Technologies

A number of institutional investors and hedge funds have recently modified their holdings of the company. Delta Global Management LP lifted its stake in Aeva Technologies by 29.7% in the 4th quarter. Delta Global Management LP now owns 1,623,148 shares of the company’s stock valued at $21,555,000 after purchasing an additional 372,159 shares during the last quarter. Handelsbanken Fonder AB increased its position in Aeva Technologies by 158.3% during the fourth quarter. Handelsbanken Fonder AB now owns 1,445,409 shares of the company’s stock worth $19,202,000 after buying an additional 885,774 shares during the last quarter. Melqart Asset Management UK Ltd increased its position in Aeva Technologies by 45.1% during the fourth quarter. Melqart Asset Management UK Ltd now owns 547,436 shares of the company’s stock worth $7,270,000 after buying an additional 170,096 shares during the last quarter. UBS Group AG raised its stake in Aeva Technologies by 85.2% in the fourth quarter. UBS Group AG now owns 374,955 shares of the company’s stock valued at $4,979,000 after buying an additional 172,476 shares during the period. Finally, Titan Global Capital Management USA LLC raised its stake in Aeva Technologies by 95.1% in the first quarter. Titan Global Capital Management USA LLC now owns 159,743 shares of the company’s stock valued at $2,102,000 after buying an additional 77,856 shares during the period. 62.92% of the stock is owned by institutional investors.

Aeva Technologies Trading Up 5.9%

Shares of NASDAQ:AEVA opened at $15.25 on Friday. The company’s 50-day moving average price is $17.91 and its two-hundred day moving average price is $18.56. The company has a debt-to-equity ratio of 3.52, a current ratio of 7.85 and a quick ratio of 7.63. Aeva Technologies has a one year low of $8.83 and a one year high of $31.30. The stock has a market capitalization of $961.38 million, a PE ratio of -5.59 and a beta of 2.44.

Aeva Technologies Company Profile

Aeva Technologies, Inc develops sensing and perception technology for autonomous systems. The company’s core products are frequency-modulated continuous-wave (FMCW) 4D lidar systems, which are designed to measure the distance, velocity and position of objects while generating detailed three-dimensional views of the surrounding environment.

Aeva’s technology is intended for use in advanced driver-assistance systems, autonomous vehicles, industrial automation, robotics, mapping and other machine-perception applications.