Aeva Technologies, Inc. (NYSE:AEVA) Shares Bought by Susquehanna Fundamental Investments LLC

Susquehanna Fundamental Investments LLC raised its position in Aeva Technologies, Inc. (NYSE:AEVA) by 82.3% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 27,083 shares of the company’s stock after purchasing an additional 12,227 shares during the period. Susquehanna Fundamental Investments LLC owned 0.05% of Aeva Technologies worth $68,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Parkwood LLC increased its holdings in Aeva Technologies by 78.4% in the fourth quarter. Parkwood LLC now owns 609,825 shares of the company’s stock valued at $462,000 after buying an additional 268,046 shares during the last quarter. BNP Paribas Financial Markets purchased a new position in shares of Aeva Technologies in the 1st quarter valued at about $31,000. Magnetar Financial LLC acquired a new stake in shares of Aeva Technologies during the 1st quarter worth about $633,000. Bank of New York Mellon Corp lifted its stake in Aeva Technologies by 40.3% during the second quarter. Bank of New York Mellon Corp now owns 76,107 shares of the company’s stock worth $192,000 after purchasing an additional 21,865 shares during the last quarter. Finally, American Century Companies Inc. acquired a new position in Aeva Technologies in the second quarter valued at approximately $38,000. 62.92% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CEO Soroush Salehian Dardashti sold 85,601 shares of the business’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $2.84, for a total value of $243,106.84. Following the transaction, the chief executive officer now owns 4,379,207 shares of the company’s stock, valued at approximately $12,436,947.88. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 34.60% of the stock is owned by insiders.

Aeva Technologies Price Performance

AEVA stock opened at $3.28 on Friday. The company has a market cap of $173.34 million, a price-to-earnings ratio of -1.05 and a beta of 1.40. The company has a fifty day moving average price of $3.00 and a 200 day moving average price of $3.18. Aeva Technologies, Inc. has a 12 month low of $2.20 and a 12 month high of $7.25.

Aeva Technologies (NYSE:AEVA) last announced its earnings results on Wednesday, August 7th. The company reported ($0.67) EPS for the quarter, beating 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 during the quarter, compared to analysts’ expectations of $1.58 million. As a group, analysts anticipate that Aeva Technologies, Inc. will post -2.75 earnings per share for the current year.

Analyst Upgrades and Downgrades

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

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.