Aeva Technologies (NYSE:AEVA) Research Coverage Started at Canaccord Genuity Group

Canaccord Genuity Group initiated coverage on shares of Aeva Technologies (NYSE:AEVA) in a research note issued to investors on Tuesday morning, Marketbeat reports. The firm issued a buy rating and a $9.50 target price on the stock.

Other equities analysts also recently issued research reports about the company. Oppenheimer boosted their target price on Aeva Technologies from $5.00 to $6.00 and gave the company an “outperform” rating in a research report on Thursday, March 20th. Morgan Stanley boosted their price objective on shares of Aeva Technologies from $4.87 to $5.22 and gave the company an “equal weight” rating in a research report on Friday, March 21st. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $6.54.

Aeva Technologies Trading Up 2.0 %

AEVA opened at $7.31 on Tuesday. The stock has a 50-day moving average of $4.18 and a 200 day moving average of $4.10. Aeva Technologies has a 12 month low of $2.20 and a 12 month high of $7.53. The firm has a market cap of $399.96 million, a P/E ratio of -2.37 and a beta of 1.41.

Insider Activity at Aeva Technologies

In related news, major shareholder Sylebra Capital Llc bought 990,411 shares of the company’s stock in a transaction on Monday, March 24th. The shares were acquired at an average cost of $4.36 per share, for a total transaction of $4,318,191.96. Following the purchase, the insider now directly owns 11,369,715 shares of the company’s stock, valued at approximately $49,571,957.40. The trade was a 9.54 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CTO Mina Rezk sold 7,300 shares of the firm’s stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $7.50, for a total transaction of $54,750.00. Following the transaction, the chief technology officer now directly owns 8,689,369 shares in the company, valued at approximately $65,170,267.50. This trade represents a 0.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders acquired 4,213,506 shares of company stock worth $24,985,345 and sold 292,151 shares worth $1,374,029. 29.10% of the stock is owned by company insiders.

Institutional Investors Weigh In On Aeva Technologies

Several hedge funds have recently made changes to their positions in AEVA. PFG Investments LLC bought a new stake in shares of Aeva Technologies in the fourth quarter valued at about $48,000. Intech Investment Management LLC purchased a new stake in shares of Aeva Technologies in the 4th quarter worth approximately $52,000. Squarepoint Ops LLC bought a new position in shares of Aeva Technologies during the fourth quarter valued at approximately $54,000. Susquehanna Fundamental Investments LLC purchased a new position in Aeva Technologies during the fourth quarter valued at approximately $63,000. Finally, Advisory Services Network LLC bought a new position in Aeva Technologies in the fourth quarter worth approximately $78,000. 62.92% of the stock is currently 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.