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 research report sent to investors on Tuesday morning, MarketBeat Ratings reports. The firm issued a buy rating and a $9.50 target price on the stock.

Several other research firms have also issued reports on AEVA. Oppenheimer upped their target price 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 upped their price objective 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 equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $6.54.

Aeva Technologies Stock Performance

Aeva Technologies stock opened at $7.26 on Tuesday. Aeva Technologies has a fifty-two week low of $2.20 and a fifty-two week high of $7.53. The firm’s 50-day simple moving average is $4.07 and its 200 day simple moving average is $4.05. The stock has a market cap of $397.22 million, a PE ratio of -2.35 and a beta of 1.41.

Insider Buying and Selling

In other Aeva Technologies news, CEO Soroush Salehian Dardashti sold 200,000 shares of the stock in a transaction dated Wednesday, March 26th. The shares were sold at an average price of $5.36, for a total transaction of $1,072,000.00. Following the completion of the transaction, the chief executive officer now owns 3,764,808 shares in the company, valued at $20,179,370.88. This trade represents a 5.04 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Sylebra Capital Llc purchased 990,411 shares of the stock in a transaction dated Monday, March 24th. The stock was acquired at an average cost of $4.36 per share, for a total transaction of $4,318,191.96. Following the transaction, the insider now owns 11,369,715 shares of the company’s stock, valued at approximately $49,571,957.40. This trade represents a 9.54 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last quarter, insiders have purchased 4,213,506 shares of company stock valued at $24,985,345 and have sold 284,851 shares valued at $1,319,279. 29.10% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the business. PFG Investments LLC bought a new stake in Aeva Technologies during the 4th quarter valued at $48,000. Intech Investment Management LLC purchased a new position in shares of Aeva Technologies in the fourth quarter valued at $52,000. Squarepoint Ops LLC bought a new stake in shares of Aeva Technologies during the 4th quarter valued at $54,000. Susquehanna Fundamental Investments LLC purchased a new stake in Aeva Technologies during the 4th quarter worth about $63,000. Finally, Advisory Services Network LLC purchased a new stake in Aeva Technologies during the 4th quarter worth about $78,000. 62.92% of the stock is owned by institutional investors.

Aeva Technologies Company Profile

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.