Aeva Technologies’ (AEVA) “Outperform” Rating Reaffirmed at Oppenheimer

Oppenheimer reissued their outperform rating on shares of Aeva Technologies (NYSE:AEVAFree Report) in a report published on Wednesday, Benzinga reports. Oppenheimer currently has a $5.00 price target on the stock.

A number of other equities research analysts also recently commented on the stock. Roth Mkm lifted their target price on shares of Aeva Technologies from $1.00 to $1.50 and gave the stock a buy rating in a research report on Wednesday, January 10th. Morgan Stanley lifted their price target on shares of Aeva Technologies from $0.88 to $0.96 and gave the stock an equal weight rating in a research note on Thursday, November 9th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of Moderate Buy and a consensus target price of $2.29.

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Aeva Technologies Trading Up 9.7 %

NYSE:AEVA opened at $1.31 on Wednesday. Aeva Technologies has a 12 month low of $0.47 and a 12 month high of $1.81. The company has a market cap of $341.77 million, a PE ratio of -2.01 and a beta of 1.42. The company has a 50 day simple moving average of $0.98 and a two-hundred day simple moving average of $0.81.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Oppenheimer & Co. Inc. lifted its stake in shares of Aeva Technologies by 20.8% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 451,723 shares of the company’s stock valued at $346,000 after buying an additional 77,855 shares in the last quarter. SG Americas Securities LLC purchased a new stake in Aeva Technologies in the 3rd quarter worth $31,000. MBL Wealth LLC increased its holdings in shares of Aeva Technologies by 100.0% in the 3rd quarter. MBL Wealth LLC now owns 50,000 shares of the company’s stock worth $38,000 after buying an additional 25,000 shares during the last quarter. Citigroup Inc. increased its holdings in shares of Aeva Technologies by 56.8% in the 4th quarter. Citigroup Inc. now owns 39,670 shares of the company’s stock worth $54,000 after buying an additional 14,377 shares during the last quarter. Finally, GSA Capital Partners LLP bought a new position in Aeva Technologies during the 4th quarter valued at about $48,000. Hedge funds and other institutional investors own 36.25% of the company’s stock.

Aeva Technologies Company Profile

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Aeva Technologies, Inc designs 4D LiDAR-on-chips in the United States, Thailand, Europe, the Middle East, and Asia. The company develops its products using frequency modulated continuous wave sensing technology. It offers 4D LiDAR sensing system with embedded software for automotive, industrial, and security applications; and a silicon photonics engine and software algorithms for industrial automation and consumer device applications.

Further Reading

Analyst Recommendations for Aeva Technologies (NYSE:AEVA)

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