Oppenheimer Raises Aeva Technologies (NYSE:AEVA) Price Target to $6.00

Aeva Technologies (NYSE:AEVA) had its target price upped by analysts at Oppenheimer from $5.00 to $6.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage currently has an “outperform” rating on the stock. Oppenheimer’s target price would indicate a potential upside of 43.20% from the company’s previous close.

Aeva Technologies Stock Performance

Shares of NYSE AEVA opened at $4.19 on Thursday. The company has a market cap of $225.77 million, a P/E ratio of -1.36 and a beta of 1.41. The firm’s fifty day moving average is $3.81 and its two-hundred day moving average is $3.86. Aeva Technologies has a 52-week low of $2.20 and a 52-week high of $5.49.

Insider Transactions at Aeva Technologies

In other news, CTO Mina Rezk sold 70,000 shares of the business’s stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $2.79, for a total value of $195,300.00. Following the sale, the chief technology officer now directly owns 8,696,669 shares in the company, valued at $24,263,706.51. The trade was a 0.80 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Stephen Paul Zadesky sold 14,851 shares of the business’s stock in a transaction dated Friday, February 28th. The stock was sold at an average price of $3.50, for a total transaction of $51,978.50. Following the completion of the sale, the director now owns 83,764 shares in the company, valued at approximately $293,174. This trade represents a 15.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 29.10% of the company’s stock.

Hedge Funds Weigh In On Aeva Technologies

Large investors have recently made changes to their positions in the company. PFG Investments LLC purchased a new position in shares of Aeva Technologies during the 4th quarter worth about $48,000. Intech Investment Management LLC purchased a new position in shares of Aeva Technologies during the 4th quarter worth about $52,000. Squarepoint Ops LLC purchased a new position in shares of Aeva Technologies during the 4th quarter worth about $54,000. Susquehanna Fundamental Investments LLC purchased a new position in shares of Aeva Technologies during the 4th quarter worth about $63,000. Finally, Advisory Services Network LLC purchased a new position in shares of Aeva Technologies during the 4th quarter worth about $78,000. 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.