Aeva Technologies (NYSE:AEVA) Price Target Lowered to $5.00 at Roth Mkm

Aeva Technologies (NYSE:AEVA) had its price objective lowered by Roth Mkm from $7.50 to $5.00 in a research report released on Thursday morning, Benzinga reports. The brokerage currently has a buy rating on the stock.

Several other analysts have also recently commented on AEVA. Craig Hallum decreased their price objective on shares of Aeva Technologies from $10.00 to $7.00 and set a buy rating for the company in a research note on Wednesday, May 8th. Westpark Capital reaffirmed a hold rating on shares of Aeva Technologies in a report on Wednesday, August 7th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of Moderate Buy and a consensus price target of $10.03.

Aeva Technologies Price Performance

Aeva Technologies stock opened at $2.87 on Thursday. Aeva Technologies has a 52 week low of $2.20 and a 52 week high of $7.25. The stock has a 50-day moving average price of $2.96 and a 200 day moving average price of $3.72. The company has a market capitalization of $151.67 million, a price-to-earnings ratio of -0.92 and a beta of 1.40.

Institutional Trading of Aeva Technologies

A number of hedge funds have recently added to or reduced their stakes in AEVA. Parkwood LLC boosted its stake in shares of Aeva Technologies by 78.4% during the 4th quarter. Parkwood LLC now owns 609,825 shares of the company’s stock worth $462,000 after acquiring an additional 268,046 shares in the last quarter. BNP Paribas Financial Markets purchased a new position in Aeva Technologies during the first quarter worth approximately $31,000. Susquehanna Fundamental Investments LLC acquired a new stake in Aeva Technologies in the first quarter valued at approximately $58,000. Magnetar Financial LLC purchased a new stake in shares of Aeva Technologies in the first quarter valued at approximately $633,000. Finally, Bank of New York Mellon Corp raised its stake in shares of Aeva Technologies by 40.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 76,107 shares of the company’s stock worth $192,000 after buying an additional 21,865 shares during the period. 62.92% of the stock is owned by hedge funds and other 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.