Aeva Technologies, Inc. (NYSE:AEVA) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of Aeva Technologies, Inc. (NYSE:AEVA) have received an average recommendation of “Moderate Buy” from the five research firms that are currently covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $10.92.

Several research analysts have issued reports on the company. Oppenheimer reaffirmed an “outperform” rating and set a $25.00 price objective on shares of Aeva Technologies in a report on Wednesday, March 6th. Craig Hallum decreased their price objective on Aeva Technologies from $10.00 to $7.00 and set a “buy” rating for the company in a report on Wednesday. Roth Mkm raised their price objective on Aeva Technologies from $5.00 to $7.50 and gave the company a “buy” rating in a report on Wednesday, January 10th. Finally, Morgan Stanley lifted their price target on Aeva Technologies to $5.10 and gave the stock an “equal weight” rating in a report on Tuesday, March 19th.

Insiders Place Their Bets

In other Aeva Technologies news, CEO Soroush Salehian Dardashti sold 33,147 shares of the firm’s stock in a transaction that occurred on Monday, March 25th. The shares were sold at an average price of $3.95, for a total transaction of $130,930.65. Following the completion of the sale, the chief executive officer now directly owns 4,525,554 shares in the company, valued at $17,875,938.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders sold 176,729 shares of company stock worth $756,557 over the last three months. Insiders own 34.60% of the company’s stock.

Institutional Investors Weigh In On Aeva Technologies

A number of hedge funds and other institutional investors have recently made changes to their positions in AEVA. SG Americas Securities LLC acquired a new stake in shares of Aeva Technologies in the third quarter valued at approximately $31,000. Oppenheimer & Co. Inc. raised its position in shares of Aeva Technologies by 20.8% in the third quarter. Oppenheimer & Co. Inc. now owns 451,723 shares of the company’s stock valued at $346,000 after buying an additional 77,855 shares in the last quarter. Sylebra Capital LLC acquired a new stake in shares of Aeva Technologies in the third quarter valued at approximately $20,730,000. Parkwood LLC raised its position in shares of Aeva Technologies by 78.4% in the fourth quarter. Parkwood LLC now owns 609,825 shares of the company’s stock valued at $462,000 after buying an additional 268,046 shares in the last quarter. Finally, BNP Paribas Financial Markets acquired a new stake in shares of Aeva Technologies in the first quarter valued at approximately $31,000. 62.92% of the stock is currently owned by institutional investors and hedge funds.

Aeva Technologies Stock Performance

Shares of AEVA stock traded up $0.04 during trading hours on Wednesday, hitting $3.49. The company had a trading volume of 167,063 shares, compared to its average volume of 340,084. The firm has a market capitalization of $184.34 million, a price-to-earnings ratio of -1.08 and a beta of 1.43. Aeva Technologies has a 12 month low of $2.33 and a 12 month high of $7.60. The firm’s fifty day moving average is $4.13 and its 200 day moving average is $3.97.

Aeva Technologies (NYSE:AEVA) last released its quarterly earnings results on Tuesday, March 5th. The company reported ($0.70) EPS for the quarter, topping analysts’ consensus estimates of ($0.75) by $0.05. Aeva Technologies had a negative return on equity of 52.88% and a negative net margin of 3,463.20%. The business had revenue of $1.61 million for the quarter, compared to analyst estimates of $1.59 million. On average, sell-side analysts expect that Aeva Technologies will post -2.78 EPS for the current fiscal year.

About Aeva Technologies

Aeva Technologies, Inc engages in the design, manufacturing, and sale of LiDAR sensing systems, and related perception and autonomy-enabling software solutions in the United States, Thailand, Europe, the Middle East, and Asia. The company develops its products using frequency modulated continuous wave sensing technology.