Sei Investments Co. Makes New Investment in Aeva Technologies, Inc. (NYSE:AEVA)

Sei Investments Co. purchased a new stake in Aeva Technologies, Inc. (NYSE:AEVA) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 15,331 shares of the company’s stock, valued at approximately $39,000.

Several other institutional investors and hedge funds also recently modified their holdings of AEVA. BNP Paribas Financial Markets bought a new stake in Aeva Technologies during the 1st quarter worth about $31,000. American Century Companies Inc. acquired a new stake in shares of Aeva Technologies in the second quarter valued at about $38,000. Susquehanna Fundamental Investments LLC bought a new stake in Aeva Technologies during the first quarter worth about $58,000. Dimensional Fund Advisors LP acquired a new position in Aeva Technologies during the second quarter valued at approximately $118,000. Finally, Bank of New York Mellon Corp grew its stake in Aeva Technologies by 40.3% in the second quarter. Bank of New York Mellon Corp now owns 76,107 shares of the company’s stock valued at $192,000 after purchasing an additional 21,865 shares in the last quarter. 62.92% of the stock is owned by institutional investors and hedge funds.

Aeva Technologies Stock Performance

NYSE:AEVA opened at $3.47 on Friday. Aeva Technologies, Inc. has a 52 week low of $2.20 and a 52 week high of $7.25. The firm has a market cap of $186.17 million, a price-to-earnings ratio of -1.11 and a beta of 1.40. The firm’s 50-day simple moving average is $3.00 and its 200 day simple moving average is $3.15.

Aeva Technologies (NYSE:AEVA) last released its quarterly earnings results on Wednesday, August 7th. The company reported ($0.67) EPS for the quarter, topping analysts’ consensus estimates of ($0.70) by $0.03. Aeva Technologies had a negative net margin of 2,399.43% and a negative return on equity of 66.27%. The business had revenue of $2.01 million for the quarter, compared to analyst estimates of $1.58 million. Sell-side analysts anticipate that Aeva Technologies, Inc. will post -2.75 EPS for the current year.

Insider Buying and Selling

In related news, CEO Soroush Salehian Dardashti sold 49,678 shares of the firm’s stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $2.55, for a total transaction of $126,678.90. Following the transaction, the chief executive officer now directly owns 4,204,808 shares of the company’s stock, valued at approximately $10,722,260.40. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 29.10% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on AEVA. Roth Mkm dropped their price objective on Aeva Technologies from $7.50 to $5.00 and set a “buy” rating on the stock in a research note on Thursday, August 8th. Craig Hallum dropped their price target on shares of Aeva Technologies from $7.00 to $5.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. Finally, Westpark Capital reissued a “hold” rating on shares of Aeva Technologies in a research report on Wednesday, August 7th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $10.03.

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.