Aeva Technologies (NYSE:AEVA) Now Covered by Analysts at Canaccord Genuity Group

Canaccord Genuity Group started coverage on shares of Aeva Technologies (NYSE:AEVA) in a report issued on Tuesday morning, MarketBeat Ratings reports. The firm issued a buy rating and a $9.50 price objective on the stock.

AEVA has been the subject of several other research reports. Oppenheimer increased their price objective on Aeva Technologies from $5.00 to $6.00 and gave the company an “outperform” rating in a report on Thursday, March 20th. Morgan Stanley increased their price target on Aeva Technologies from $4.87 to $5.22 and gave the company an “equal weight” rating in a research note on Friday, March 21st. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $6.54.

Aeva Technologies Stock Up 2.0 %

NYSE AEVA opened at $7.31 on Tuesday. Aeva Technologies has a 52 week low of $2.20 and a 52 week high of $7.53. The company has a 50 day moving average price of $4.18 and a 200 day moving average price of $4.10. The firm has a market cap of $399.96 million, a PE ratio of -2.37 and a beta of 1.41.

Insider Activity at Aeva Technologies

In other news, CEO Soroush Salehian Dardashti sold 200,000 shares of the company’s stock in a transaction on Wednesday, March 26th. The shares were sold at an average price of $5.36, for a total value of $1,072,000.00. Following the sale, the chief executive officer now directly owns 3,764,808 shares of the company’s stock, valued at $20,179,370.88. This represents a 5.04 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CTO Mina Rezk sold 7,300 shares of the stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $7.50, for a total transaction of $54,750.00. Following the completion of the sale, the chief technology officer now owns 8,689,369 shares in the company, valued at $65,170,267.50. The trade was a 0.08 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have bought 4,213,506 shares of company stock valued at $24,985,345 and have sold 292,151 shares valued at $1,374,029. 29.10% of the stock is owned by insiders.

Institutional Investors Weigh In On Aeva Technologies

Several hedge funds have recently added to or reduced their stakes in AEVA. Parkwood LLC lifted its holdings in shares of Aeva Technologies by 415.7% in the 4th quarter. Parkwood LLC now owns 1,426,627 shares of the company’s stock valued at $6,776,000 after buying an additional 1,150,000 shares during the period. Jane Street Group LLC raised its position in Aeva Technologies by 2,490.3% during the fourth quarter. Jane Street Group LLC now owns 648,942 shares of the company’s stock valued at $3,082,000 after acquiring an additional 623,889 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Aeva Technologies by 1.5% in the fourth quarter. Geode Capital Management LLC now owns 621,191 shares of the company’s stock valued at $2,951,000 after acquiring an additional 9,318 shares during the period. State Street Corp lifted its holdings in Aeva Technologies by 5.5% in the third quarter. State Street Corp now owns 452,309 shares of the company’s stock valued at $1,488,000 after acquiring an additional 23,593 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its position in Aeva Technologies by 14.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 242,376 shares of the company’s stock worth $1,151,000 after purchasing an additional 30,924 shares in the last quarter. 62.92% of the stock is owned by hedge funds and other institutional investors.

About Aeva Technologies

Aeva Technologies, Inc engages in the design, development, manufacture, and sale of LiDAR sensing systems, and related perception and autonomy-enabling software solutions in North America, Europe, the Middle East, Africa, and Asia. The company develops its products using frequency modulated continuous wave (FMCW) sensing technology.