Aeva Technologies (NASDAQ:AEVA) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Aeva Technologies (NASDAQ:AEVA) from a sell rating to a hold rating in a research note released on Saturday morning.

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Aeva Technologies in a research report on Friday, March 27th. Three equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $26.50.

Aeva Technologies Stock Performance

AEVA stock opened at $12.69 on Friday. The stock has a market capitalization of $798.84 million, a PE ratio of -2.50 and a beta of 2.10. Aeva Technologies has a 12-month low of $5.80 and a 12-month high of $38.80. The company has a current ratio of 4.28, a quick ratio of 4.12 and a debt-to-equity ratio of 7.32. The stock’s 50 day simple moving average is $13.80 and its 200 day simple moving average is $14.59.

Insider Activity

In other news, CEO Soroush Salehian Dardashti sold 64,787 shares of the stock in a transaction on Friday, January 9th. The stock was sold at an average price of $18.85, for a total transaction of $1,221,234.95. Following the transaction, the chief executive officer directly owned 1,766,412 shares of the company’s stock, valued at $33,296,866.20. This represents a 3.54% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Saurabh Sinha sold 60,000 shares of the stock in a transaction on Thursday, January 15th. The shares were sold at an average price of $20.64, for a total value of $1,238,400.00. Following the transaction, the chief financial officer directly owned 627,756 shares in the company, valued at $12,956,883.84. The trade was a 8.72% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 242,262 shares of company stock valued at $4,516,531 in the last ninety days. 27.20% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Aeva Technologies

Institutional investors have recently bought and sold shares of the stock. Quantbot Technologies LP bought a new position in Aeva Technologies in the 2nd quarter worth $36,000. Total Investment Management Inc. bought a new position in Aeva Technologies in the 2nd quarter worth $43,000. Zurcher Kantonalbank Zurich Cantonalbank bought a new position in Aeva Technologies in the 4th quarter worth $33,000. Daiwa Securities Group Inc. bought a new position in Aeva Technologies in the 2nd quarter worth $100,000. Finally, Caitong International Asset Management Co. Ltd bought a new position in Aeva Technologies in the 4th quarter worth $47,000. 62.92% of the stock is owned by institutional investors.

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.