Aeva Technologies (NASDAQ:AEVA – Get Free Report) had its price objective boosted by investment analysts at Canaccord Genuity Group from $24.00 to $26.00 in a report issued on Thursday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Canaccord Genuity Group’s price target would indicate a potential downside of 4.55% from the company’s current price.
AEVA has been the topic of a number of other research reports. Wall Street Zen cut shares of Aeva Technologies from a “hold” rating to a “sell” rating in a research note on Saturday, May 16th. Oppenheimer reaffirmed an “outperform” rating and issued a $42.00 price objective on shares of Aeva Technologies in a research note on Thursday. Finally, Weiss Ratings raised Aeva Technologies from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Monday, May 11th. Two analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Aeva Technologies presently has an average rating of “Hold” and a consensus target price of $34.00.
Read Our Latest Stock Report on Aeva Technologies
Aeva Technologies Stock Up 38.9%
Aeva Technologies (NASDAQ:AEVA – Get Free Report) last posted its quarterly earnings data on Wednesday, May 6th. The company reported ($0.41) EPS for the quarter, beating analysts’ consensus estimates of ($0.53) by $0.12. The firm had revenue of $6.26 million for the quarter. Analysts predict that Aeva Technologies will post -2.26 earnings per share for the current fiscal year.
Insider Buying and Selling at Aeva Technologies
In other Aeva Technologies news, Director Stephen Paul Zadesky sold 2,984 shares of the company’s stock in a transaction that occurred on Monday, June 22nd. The shares were sold at an average price of $25.41, for a total transaction of $75,823.44. Following the completion of the sale, the director directly owned 92,898 shares of the company’s stock, valued at approximately $2,360,538.18. This represents a 3.11% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CTO Mina Rezk sold 10,304 shares of Aeva Technologies stock in a transaction that occurred on Monday, July 27th. The shares were sold at an average price of $15.40, for a total value of $158,681.60. Following the sale, the chief technology officer directly owned 1,527,223 shares in the company, valued at $23,519,234.20. This trade represents a 0.67% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 817,245 shares of company stock worth $19,342,658 in the last ninety days. 36.70% of the stock is owned by company insiders.
Hedge Funds Weigh In On Aeva Technologies
Hedge funds have recently added to or reduced their stakes in the stock. Quantbot Technologies LP increased its holdings in Aeva Technologies by 122.8% during the third quarter. Quantbot Technologies LP now owns 2,099 shares of the company’s stock valued at $30,000 after buying an additional 1,157 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in Aeva Technologies in the fourth quarter valued at about $33,000. Jones Financial Companies Lllp raised its holdings in Aeva Technologies by 27,345.0% in the first quarter. Jones Financial Companies Lllp now owns 5,489 shares of the company’s stock worth $38,000 after purchasing an additional 5,469 shares in the last quarter. Caitong International Asset Management Co. Ltd purchased a new stake in shares of Aeva Technologies during the fourth quarter valued at about $47,000. Finally, Daiwa Securities Group Inc. boosted its holdings in shares of Aeva Technologies by 79.5% in the 4th quarter. Daiwa Securities Group Inc. now owns 4,339 shares of the company’s stock valued at $58,000 after buying an additional 1,922 shares in the last quarter. 62.92% of the stock is currently owned by institutional investors.
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.
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