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

Shares of Aeva Technologies, Inc. (NASDAQ:AEVA) have been assigned an average rating of “Hold” from the five research firms that are covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating on the company. The average 1 year price objective among brokers that have covered the stock in the last year is $28.75.

A number of analysts have recently issued reports on the company. The Goldman Sachs Group initiated coverage on Aeva Technologies in a research report on Monday. They issued a “neutral” rating and a $20.00 price objective for the company. Canaccord Genuity Group boosted their target price on Aeva Technologies from $24.00 to $26.00 and gave the stock a “buy” rating in a report on Thursday, August 6th. Wall Street Zen cut Aeva Technologies from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 8th. Weiss Ratings downgraded Aeva Technologies from a “sell (d-)” rating to a “sell (e+)” rating in a report on Friday. Finally, Oppenheimer reaffirmed an “outperform” rating and set a $42.00 price objective on shares of Aeva Technologies in a research report on Thursday, August 6th.

Insiders Place Their Bets

In other news, CEO Soroush Salehian Dardashti sold 30,514 shares of the company’s stock in a transaction that occurred on Tuesday, August 11th. The stock was sold at an average price of $24.32, for a total value of $742,100.48. Following the transaction, the chief executive officer 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 document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CTO Mina Rezk sold 100,000 shares of the stock in a transaction that occurred on Monday, August 10th. The stock was sold at an average price of $24.01, for a total value of $2,401,000.00. Following the transaction, the chief technology officer owned 1,606,669 shares in the company, valued at approximately $38,576,122.69. This trade represents a 5.86% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 1,292,344 shares of company stock worth $30,568,186 over the last three months. Insiders own 36.70% of the company’s stock.

Institutional Trading of Aeva Technologies

Institutional investors have recently added to or reduced their stakes in the company. Duquesne Family Office LLC bought a new position in Aeva Technologies during the 3rd quarter worth $26,670,000. Millennium Management LLC bought a new stake in shares of Aeva Technologies in the third quarter valued at about $25,751,000. Handelsbanken Fonder AB boosted its position in shares of Aeva Technologies by 158.3% in the fourth quarter. Handelsbanken Fonder AB now owns 1,445,409 shares of the company’s stock valued at $19,202,000 after acquiring an additional 885,774 shares during the period. California State Teachers Retirement System boosted its position in shares of Aeva Technologies by 2,814.6% in the second quarter. California State Teachers Retirement System now owns 651,973 shares of the company’s stock valued at $18,725,000 after acquiring an additional 629,604 shares during the period. Finally, Invesco Ltd. grew its stake in shares of Aeva Technologies by 1,223.8% in the second quarter. Invesco Ltd. now owns 614,411 shares of the company’s stock valued at $23,219,000 after acquiring an additional 567,998 shares in the last quarter. 62.92% of the stock is currently owned by institutional investors.

Aeva Technologies Price Performance

NASDAQ:AEVA opened at $18.29 on Monday. The firm has a market capitalization of $1.15 billion, a price-to-earnings ratio of -6.70 and a beta of 2.47. Aeva Technologies has a twelve month low of $8.83 and a twelve month high of $31.30. The stock’s 50 day moving average price is $21.09 and its two-hundred day moving average price is $18.23. The company has a quick ratio of 7.63, a current ratio of 7.85 and a debt-to-equity ratio of 3.52.

Aeva Technologies Company Profile

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.