Aeva Technologies, Inc. (NASDAQ:AEVA) Receives Average Rating of “Hold” from Analysts

Shares of Aeva Technologies, Inc. (NASDAQ:AEVA) have been assigned a consensus rating of “Hold” from the five analysts that are currently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and three have issued a buy recommendation on the company. The average 1 year price objective among brokers that have covered the stock in the last year is $26.50.

Several analysts have issued reports on AEVA shares. Wall Street Zen downgraded Aeva Technologies from a “hold” rating to a “sell” rating in a research note on Saturday, November 8th. Canaccord Genuity Group reissued a “buy” rating and issued a $24.00 target price on shares of Aeva Technologies in a research report on Thursday, December 4th. Finally, Weiss Ratings restated a “sell (e+)” rating on shares of Aeva Technologies in a research note on Monday, December 29th.

Insider Transactions at Aeva Technologies

In related news, CEO Soroush Salehian Dardashti sold 64,787 shares of the stock in a transaction on Friday, January 9th. The shares were sold at an average price of $18.85, for a total transaction of $1,221,234.95. Following the completion of the transaction, the chief executive officer owned 1,766,412 shares in the company, valued at approximately $33,296,866.20. This represents a 3.54% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CTO Mina Rezk sold 64,787 shares of the firm’s stock in a transaction on Friday, January 9th. The shares were sold at an average price of $18.85, for a total transaction of $1,221,234.95. Following the completion of the transaction, the chief technology officer directly owned 1,469,760 shares of the company’s stock, valued at approximately $27,704,976. This trade represents a 4.22% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 1,032,213 shares of company stock valued at $14,722,858 over the last 90 days. 27.20% of the stock is owned by corporate insiders.

Institutional Trading of Aeva Technologies

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Duquesne Family Office LLC acquired a new position in shares of Aeva Technologies during the 3rd quarter worth approximately $26,670,000. Millennium Management LLC bought a new position in shares of Aeva Technologies in the third quarter valued at $25,751,000. Delta Global Management LP grew its stake in shares of Aeva Technologies by 29.7% in the fourth quarter. Delta Global Management LP now owns 1,623,148 shares of the company’s stock valued at $21,555,000 after buying an additional 372,159 shares in the last quarter. Vanguard Group Inc. increased its holdings in Aeva Technologies by 12.5% during the third quarter. Vanguard Group Inc. now owns 1,576,930 shares of the company’s stock worth $22,865,000 after buying an additional 175,482 shares during the last quarter. Finally, Handelsbanken Fonder AB raised its position in Aeva Technologies by 158.3% during the fourth quarter. Handelsbanken Fonder AB now owns 1,445,409 shares of the company’s stock worth $19,202,000 after acquiring an additional 885,774 shares in the last quarter. Institutional investors own 62.92% of the company’s stock.

Aeva Technologies Trading Down 0.7%

AEVA opened at $12.87 on Friday. The stock has a market capitalization of $773.23 million, a P/E ratio of -2.42 and a beta of 2.09. Aeva Technologies has a 12 month low of $2.52 and a 12 month high of $38.80. The firm’s fifty day simple moving average is $14.87 and its 200 day simple moving average is $14.64.

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.