The Goldman Sachs Group upgraded shares of Aeva Technologies (NASDAQ:AEVA – Free Report) to a hold rating in a report issued on Sunday,Zacks.com reports.
Several other brokerages have also weighed in on AEVA. Canaccord Genuity Group increased their price objective on Aeva Technologies from $24.00 to $26.00 and gave the company a “buy” rating in a report on Thursday, August 6th. Oppenheimer reaffirmed an “outperform” rating and set a $42.00 price target on shares of Aeva Technologies in a research report on Thursday, August 6th. Weiss Ratings downgraded Aeva Technologies from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Friday. Morgan Stanley lifted their price objective on Aeva Technologies from $18.50 to $27.00 and gave the stock an “equal weight” rating in a report on Friday, August 7th. Finally, Wall Street Zen cut Aeva Technologies from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 8th. Two research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $28.75.
Get Our Latest Stock Analysis on Aeva Technologies
Aeva Technologies Stock Down 10.0%
Insiders Place Their Bets
In other news, CTO Mina Rezk sold 100,000 shares of the firm’s stock in a transaction on Monday, August 10th. The stock was sold at an average price of $24.01, for a total value of $2,401,000.00. Following the completion of the transaction, the chief technology officer directly owned 1,606,669 shares of the company’s stock, valued at $38,576,122.69. This trade represents a 5.86% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Saurabh Sinha sold 70,000 shares of Aeva Technologies stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of $21.21, for a total value of $1,484,700.00. Following the completion of the transaction, the chief financial officer owned 581,372 shares of the company’s stock, valued at approximately $12,330,900.12. This trade represents a 10.75% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 1,292,344 shares of company stock worth $30,568,186 over the last 90 days. Corporate insiders own 36.70% of the company’s stock.
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 increased its holdings in Aeva Technologies by 122.8% during the 3rd quarter. Quantbot Technologies LP now owns 2,099 shares of the company’s stock worth $30,000 after acquiring an additional 1,157 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank bought a new position in Aeva Technologies in the 4th quarter valued at $33,000. Jones Financial Companies Lllp grew its position in shares of Aeva Technologies by 27,345.0% during the 1st quarter. Jones Financial Companies Lllp now owns 5,489 shares of the company’s stock valued at $38,000 after purchasing an additional 5,469 shares in the last quarter. Caitong International Asset Management Co. Ltd bought a new position in shares of Aeva Technologies in the fourth quarter worth $47,000. Finally, Daiwa Securities Group Inc. increased its holdings in shares of Aeva Technologies by 79.5% in the fourth quarter. Daiwa Securities Group Inc. now owns 4,339 shares of the company’s stock worth $58,000 after purchasing an additional 1,922 shares during the period. 62.92% of the stock is owned by hedge funds and other 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.
Read More
- Five stocks we like better than Aeva Technologies
- Visa Just Put Hims & Hers in the Penalty Box—Here’s Why It Matters
- Treasury Yields Are Surging Again: 3 Stocks That Could Feel the Pain
- Snowflake Could Be Headed for New Highs Despite Insider Selling
- MongoDB Is Surging—And the Next Catalyst Is Almost Here
Receive News & Ratings for Aeva Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Aeva Technologies and related companies with MarketBeat.com's FREE daily email newsletter.
