Aeva Technologies (NYSE:AEVA) Stock Price Expected to Rise, Craig Hallum Analyst Says

Aeva Technologies (NYSE:AEVA) had its target price raised by Craig Hallum from $5.00 to $6.00 in a research note published on Thursday morning,Benzinga reports. The brokerage currently has a buy rating on the stock.

Several other research firms have also issued reports on AEVA. Roth Mkm raised their price target on Aeva Technologies from $5.00 to $6.00 and gave the stock a “buy” rating in a research report on Thursday. Westpark Capital restated 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 stock. Based on data from MarketBeat.com, Aeva Technologies currently has an average rating of “Moderate Buy” and an average price target of $10.53.

Aeva Technologies Trading Up 0.5 %

Shares of AEVA stock opened at $4.32 on Thursday. Aeva Technologies has a 1 year low of $2.20 and a 1 year high of $7.25. The firm’s 50 day moving average is $3.42 and its 200-day moving average is $3.19. The firm has a market capitalization of $231.77 million, a price-to-earnings ratio of -1.40 and a beta of 1.37.

Aeva Technologies (NYSE:AEVA) last released its earnings results on Wednesday, August 7th. The company reported ($0.67) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.70) by $0.03. Aeva Technologies had a negative return on equity of 72.04% and a negative net margin of 2,018.56%. The company had revenue of $2.01 million during the quarter, compared to the consensus estimate of $1.58 million. On average, equities research analysts forecast that Aeva Technologies will post -2.75 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Aeva Technologies news, CEO Soroush Salehian Dardashti sold 49,678 shares of the business’s stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $2.55, for a total value of $126,678.90. Following the sale, the chief executive officer now owns 4,204,808 shares in the company, valued at approximately $10,722,260.40. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 29.10% of the stock is owned by corporate insiders.

Institutional Trading of Aeva Technologies

Hedge funds and other institutional investors have recently made changes to their positions in the business. Dimensional Fund Advisors LP bought a new position in Aeva Technologies in the second quarter valued at $118,000. Magnetar Financial LLC acquired a new position in shares of Aeva Technologies during the 1st quarter worth about $633,000. BNP Paribas Financial Markets acquired a new position in shares of Aeva Technologies during the 1st quarter worth about $31,000. Susquehanna Fundamental Investments LLC bought a new position in shares of Aeva Technologies in the 1st quarter valued at about $58,000. Finally, Sei Investments Co. acquired a new stake in shares of Aeva Technologies in the second quarter valued at about $39,000. 62.92% of the stock is currently owned by institutional investors and hedge funds.

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.