The Goldman Sachs Group began coverage on shares of Aeva Technologies (NASDAQ:AEVA – Free Report) in a report issued on Monday morning, Marketbeat.com reports. The firm issued a neutral rating and a $20.00 target price on the stock.
AEVA has been the subject of several other reports. Canaccord Genuity Group lifted their target price on Aeva Technologies from $24.00 to $26.00 and gave the stock a “buy” rating in a research report on Thursday, August 6th. Weiss Ratings cut shares of Aeva Technologies from a “sell (d-)” rating to a “sell (e+)” rating in a report on Friday, August 21st. Wall Street Zen downgraded shares of Aeva Technologies from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 8th. Oppenheimer reiterated an “outperform” rating and set a $42.00 price objective on shares of Aeva Technologies in a report on Thursday, August 6th. Finally, Morgan Stanley boosted their price objective on shares of Aeva Technologies from $18.50 to $27.00 and gave the company an “equal weight” rating in a research report on Friday, August 7th. Two investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $28.75.
Get Our Latest Stock Report on Aeva Technologies
Aeva Technologies Price Performance
Insider Buying and Selling at Aeva Technologies
In other news, CTO Mina Rezk sold 100,000 shares of the stock in a transaction on Monday, August 10th. The stock was sold at an average price of $24.01, for a total transaction of $2,401,000.00. Following the transaction, 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Soroush Salehian Dardashti sold 30,514 shares of the firm’s stock in a transaction on Tuesday, August 11th. The shares were 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 in the company, valued at approximately $29,690,050.56. This represents a 2.44% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 1,292,344 shares of company stock valued at $30,568,186 in the last ninety days. Corporate insiders own 36.70% of the company’s stock.
Institutional Trading of Aeva Technologies
A number of hedge funds have recently added to or reduced their stakes in AEVA. Titan Global Capital Management USA LLC raised its position in shares of Aeva Technologies by 95.1% in the 1st quarter. Titan Global Capital Management USA LLC now owns 159,743 shares of the company’s stock worth $2,102,000 after acquiring an additional 77,856 shares in the last quarter. Sona Asset Management US LLC bought a new stake in Aeva Technologies during the first quarter valued at about $987,000. Siren L.L.C. bought a new stake in Aeva Technologies during the first quarter valued at about $1,448,000. Walleye Capital LLC bought a new stake in Aeva Technologies during the first quarter valued at about $1,401,000. Finally, Handelsbanken Fonder AB grew its stake in 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 purchasing an additional 885,774 shares during the last quarter. 62.92% of the stock is owned by hedge funds and other 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.
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