Aeva Technologies (NYSE:AEVA) Stock Price Expected to Rise, Morgan Stanley Analyst Says

Aeva Technologies (NYSE:AEVA) had its target price increased by investment analysts at Morgan Stanley from $4.87 to $5.22 in a note issued to investors on Friday,Benzinga reports. The firm currently has an “equal weight” rating on the stock. Morgan Stanley’s price objective points to a potential upside of 24.58% from the stock’s previous close.

Separately, Oppenheimer upped their target price on shares of Aeva Technologies from $5.00 to $6.00 and gave the company an “outperform” rating in a research note on Thursday. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, Aeva Technologies presently has a consensus rating of “Moderate Buy” and an average price target of $5.81.

Aeva Technologies Trading Up 34.7 %

NYSE AEVA opened at $4.19 on Friday. The company has a fifty day simple moving average of $3.82 and a 200 day simple moving average of $3.85. The company has a market cap of $225.77 million, a P/E ratio of -1.36 and a beta of 1.41. Aeva Technologies has a 1 year low of $2.20 and a 1 year high of $5.49.

Insider Activity

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

Institutional Investors Weigh In On Aeva Technologies

A number of hedge funds have recently made changes to their positions in the company. Barclays PLC increased its position in shares of Aeva Technologies by 16.3% during the 4th quarter. Barclays PLC now owns 34,800 shares of the company’s stock worth $166,000 after purchasing an additional 4,890 shares in the last quarter. Rhumbline Advisers increased its position in shares of Aeva Technologies by 13.2% during the 4th quarter. Rhumbline Advisers now owns 53,617 shares of the company’s stock worth $255,000 after purchasing an additional 6,238 shares in the last quarter. American Century Companies Inc. increased its position in shares of Aeva Technologies by 34.9% during the 4th quarter. American Century Companies Inc. now owns 25,689 shares of the company’s stock worth $122,000 after purchasing an additional 6,640 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Aeva Technologies by 3.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 211,452 shares of the company’s stock worth $696,000 after purchasing an additional 8,007 shares in the last quarter. Finally, Geode Capital Management LLC increased its position in shares of Aeva Technologies by 1.5% during the 4th quarter. Geode Capital Management LLC now owns 621,191 shares of the company’s stock worth $2,951,000 after purchasing an additional 9,318 shares in the last quarter. Institutional investors and hedge funds own 62.92% of the company’s stock.

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.