Aeva Technologies (NYSE:AEVA) Given New $6.00 Price Target at Roth Mkm

Aeva Technologies (NYSE:AEVA) had its target price boosted by stock analysts at Roth Mkm from $5.00 to $6.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Roth Mkm’s price target suggests a potential upside of 47.06% from the stock’s previous close.

Other research analysts have also recently issued reports about the company. Westpark Capital reaffirmed a “hold” rating on shares of Aeva Technologies in a research note on Wednesday, August 7th. Craig Hallum dropped their target price on shares of Aeva Technologies from $7.00 to $5.00 and set a “buy” rating for the company in a report 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. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $10.28.

Aeva Technologies Stock Performance

AEVA traded down $0.23 during trading on Thursday, reaching $4.08. The stock had a trading volume of 307,222 shares, compared to its average volume of 295,176. The business has a 50-day moving average of $3.38 and a 200-day moving average of $3.17. Aeva Technologies has a one year low of $2.20 and a one year high of $7.25. The stock has a market cap of $218.88 million, a PE ratio of -1.31 and a beta of 1.37.

Aeva Technologies (NYSE:AEVA) last announced its quarterly earnings data on Wednesday, August 7th. The company reported ($0.67) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.70) by $0.03. Aeva Technologies had a negative return on equity of 66.27% and a negative net margin of 2,399.43%. The firm had revenue of $2.01 million for the quarter, compared to analysts’ expectations of $1.58 million. Equities research analysts forecast that Aeva Technologies will post -2.75 EPS for the current fiscal year.

Insider Transactions at Aeva Technologies

In other Aeva Technologies news, CEO Soroush Salehian Dardashti sold 49,678 shares of the firm’s stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $2.55, for a total value of $126,678.90. Following the completion of the sale, the chief executive officer now directly owns 4,204,808 shares in the company, valued at $10,722,260.40. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 29.10% of the stock is currently owned by company insiders.

Institutional Trading of Aeva Technologies

Several institutional investors and hedge funds have recently bought and sold shares of AEVA. Magnetar Financial LLC purchased a new stake in Aeva Technologies in the first quarter worth about $633,000. Dimensional Fund Advisors LP purchased a new position in shares of Aeva Technologies during the second quarter valued at approximately $118,000. Bank of New York Mellon Corp lifted its holdings in shares of 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 valued at $192,000 after purchasing an additional 21,865 shares during the last quarter. Sei Investments Co. purchased a new position in shares of Aeva Technologies during the second quarter valued at approximately $39,000. Finally, American Century Companies Inc. purchased a new position in shares of Aeva Technologies during the second quarter valued at approximately $38,000. 62.92% of the stock is currently owned by hedge funds and other institutional investors.

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.