Aeva Technologies (NYSE:AEVA) Stock Price Expected to Rise, Morgan Stanley Analyst Says

Aeva Technologies (NYSE:AEVA) had its price target hoisted by investment analysts at Morgan Stanley from $4.87 to $5.22 in a research report issued on Friday,Benzinga reports. The firm currently has an “equal weight” rating on the stock. Morgan Stanley’s price objective indicates a potential upside of 24.58% from the stock’s previous close.

Separately, Oppenheimer boosted their price target on shares of Aeva Technologies from $5.00 to $6.00 and gave the company an “outperform” rating in a report on Thursday. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, Aeva Technologies presently has a consensus rating of “Moderate Buy” and a consensus price target of $5.81.

Aeva Technologies Price Performance

AEVA stock opened at $4.19 on Friday. Aeva Technologies has a 52-week low of $2.20 and a 52-week high of $5.49. The company’s 50 day simple moving average is $3.82 and its 200-day simple moving average is $3.85. The firm has a market capitalization of $225.77 million, a P/E ratio of -1.36 and a beta of 1.41.

Insider Buying and Selling at Aeva Technologies

In other Aeva Technologies news, Director Stephen Paul Zadesky sold 14,851 shares of the business’s stock in a transaction that occurred on Friday, February 28th. The shares were sold at an average price of $3.50, for a total value of $51,978.50. Following the completion of the sale, the director now directly owns 83,764 shares of the company’s stock, valued at $293,174. The trade was a 15.06 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CTO Mina Rezk sold 70,000 shares of the business’s stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $2.79, for a total transaction of $195,300.00. Following the completion of the sale, the chief technology officer now directly owns 8,696,669 shares of the company’s stock, valued at $24,263,706.51. This represents a 0.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 29.10% of the company’s stock.

Institutional Trading of Aeva Technologies

Several large investors have recently added to or reduced their stakes in AEVA. PFG Investments LLC bought a new stake in Aeva Technologies in the fourth quarter worth approximately $48,000. Intech Investment Management LLC bought a new stake in Aeva Technologies in the fourth quarter worth approximately $52,000. Squarepoint Ops LLC bought a new stake in Aeva Technologies in the fourth quarter worth approximately $54,000. Susquehanna Fundamental Investments LLC bought a new stake in shares of Aeva Technologies during the 4th quarter worth $63,000. Finally, Advisory Services Network LLC bought a new stake in shares of Aeva Technologies during the 4th quarter worth $78,000. 62.92% of the stock is owned by institutional investors.

Aeva Technologies Company Profile

Aeva Technologies, Inc engages in the design, development, manufacture, and sale of LiDAR sensing systems, and related perception and autonomy-enabling software solutions in North America, Europe, the Middle East, Africa, and Asia. The company develops its products using frequency modulated continuous wave (FMCW) sensing technology.