Aeva Technologies, Inc. (NASDAQ:AEVA) Given Average Rating of “Hold” by Brokerages

Shares of Aeva Technologies, Inc. (NASDAQ:AEVAGet Free Report) have received an average recommendation of “Hold” from the five analysts that are presently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $26.50.

Several equities research analysts have commented on the stock. Weiss Ratings raised shares of Aeva Technologies from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Monday. Wall Street Zen raised shares of Aeva Technologies from a “sell” rating to a “hold” rating in a report on Saturday, April 4th.

View Our Latest Report on AEVA

Insider Activity

In other news, CEO Soroush Salehian Dardashti sold 41,083 shares of the company’s stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of $15.04, for a total value of $617,888.32. Following the sale, the chief executive officer directly owned 1,725,329 shares of the company’s stock, valued at approximately $25,948,948.16. This represents a 2.33% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CTO Mina Rezk sold 27,389 shares of the company’s stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of $15.04, for a total transaction of $411,930.56. Following the completion of the sale, the chief technology officer directly owned 1,442,371 shares in the company, valued at approximately $21,693,259.84. The trade was a 1.86% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last ninety days, insiders have sold 106,194 shares of company stock valued at $1,561,871. 36.70% of the stock is owned by company insiders.

Institutional Investors Weigh In On Aeva Technologies

A number of institutional investors and hedge funds have recently modified their holdings of the company. Quantbot Technologies LP bought a new position in Aeva Technologies in the 2nd quarter valued at about $36,000. Zurcher Kantonalbank Zurich Cantonalbank bought a new position in Aeva Technologies in the 4th quarter valued at about $33,000. Daiwa Securities Group Inc. bought a new position in Aeva Technologies in the 2nd quarter valued at about $100,000. Caitong International Asset Management Co. Ltd bought a new position in Aeva Technologies in the 4th quarter valued at about $47,000. Finally, KLP Kapitalforvaltning AS bought a new position in Aeva Technologies in the 3rd quarter valued at about $57,000. 62.92% of the stock is owned by institutional investors.

Aeva Technologies Trading Up 22.9%

Shares of NASDAQ:AEVA opened at $19.09 on Wednesday. The company’s 50-day moving average price is $14.75 and its two-hundred day moving average price is $14.31. The company has a debt-to-equity ratio of 7.32, a current ratio of 4.09 and a quick ratio of 4.12. Aeva Technologies has a one year low of $8.83 and a one year high of $38.80. The stock has a market capitalization of $1.20 billion, a PE ratio of -3.83 and a beta of 2.20.

About Aeva Technologies

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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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Analyst Recommendations for Aeva Technologies (NASDAQ:AEVA)

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