Aeva Technologies (NYSE:AEVA) Stock Rating Lowered by Zacks Investment Research

Aeva Technologies (NYSE:AEVA) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued on Tuesday, Zacks.com reports.

According to Zacks, “Aeva Technologs is building the next-generation of sensing and perception for autonomous vehicles and beyond. Aeva Inc., formerly known as InterPrivate Acquisition Corp., is based in MOUNTAIN VIEW, Calif. “

AEVA has been the topic of several other research reports. Robert W. Baird started coverage on Aeva Technologies in a report on Wednesday, March 31st. They issued an “outperform” rating and a $20.00 price objective on the stock. Oppenheimer assumed coverage on shares of Aeva Technologies in a research report on Wednesday, March 24th. They set an “outperform” rating and a $20.00 price target for the company. Roth Capital started coverage on shares of Aeva Technologies in a research note on Tuesday, March 23rd. They issued a “buy” rating and a $30.00 price objective on the stock. Piper Sandler decreased their target price on shares of Aeva Technologies from $22.00 to $16.00 and set an “overweight” rating for the company in a research report on Friday. Finally, Craig Hallum initiated coverage on Aeva Technologies in a research report on Tuesday, March 23rd. They set a “buy” rating and a $25.00 price target on the stock. One research analyst has rated the stock with a sell rating and five have issued a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $22.20.

Shares of Aeva Technologies stock traded up $0.11 during midday trading on Tuesday, hitting $8.04. The company had a trading volume of 21,755 shares, compared to its average volume of 1,579,877. Aeva Technologies has a 12-month low of $7.05 and a 12-month high of $21.83. The business has a fifty day moving average price of $10.23.

Several large investors have recently made changes to their positions in AEVA. Alyeska Investment Group L.P. acquired a new position in Aeva Technologies during the first quarter worth $5,083,000. Cubist Systematic Strategies LLC acquired a new stake in shares of Aeva Technologies in the first quarter worth approximately $1,054,000. Sylebra Capital Ltd acquired a new position in Aeva Technologies in the 1st quarter valued at $237,560,000. Royal Bank of Canada acquired a new stake in Aeva Technologies during the 1st quarter worth $1,006,000. Finally, Captrust Financial Advisors acquired a new stake in shares of Aeva Technologies in the first quarter valued at about $31,000.

Aeva Technologies Company Profile

AEVA, INC. operates as a machine vision company engages in development of optical-based sensors for the automotive industry. It builds lidar, a laser guidance sensor that are expected to be a key component of self-driving vehicles. The company was incorporated in 2016 and is based in Palo Alto, California.

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