Oppenheimer Raises Aeva Technologies (NYSE:AEVA) Price Target to $6.00

Aeva Technologies (NYSE:AEVA) had its price target increased by equities researchers at Oppenheimer from $5.00 to $6.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage currently has an “outperform” rating on the stock. Oppenheimer’s price target points to a potential upside of 43.20% from the stock’s previous close.

Aeva Technologies Price Performance

Aeva Technologies stock opened at $4.19 on Thursday. The stock has a market cap of $225.77 million, a price-to-earnings ratio of -1.36 and a beta of 1.41. Aeva Technologies has a 1 year low of $2.20 and a 1 year high of $5.49. The firm has a 50-day moving average of $3.81 and a two-hundred day moving average of $3.86.

Insider Buying and Selling at Aeva Technologies

In other news, Director Stephen Paul Zadesky sold 14,851 shares of the company’s stock in a transaction that occurred on Friday, February 28th. The shares were sold at an average price of $3.50, for a total value of $51,978.50. Following the completion of the sale, the director now owns 83,764 shares of the company’s stock, valued at approximately $293,174. This represents a 15.06 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CTO Mina Rezk sold 70,000 shares of the company’s stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $2.79, for a total transaction of $195,300.00. Following the completion of the sale, the chief technology officer now directly owns 8,696,669 shares of the company’s stock, valued at $24,263,706.51. The trade was a 0.80 % decrease in their position. The disclosure for this sale can be found here. 29.10% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Aeva Technologies

Hedge funds have recently modified their holdings of the business. PFG Investments LLC purchased a new stake in shares of Aeva Technologies in the 4th quarter worth approximately $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 purchased a new stake in shares of Aeva Technologies in the 4th quarter worth approximately $54,000. Susquehanna Fundamental Investments LLC bought a new position in shares of Aeva Technologies during the 4th quarter worth approximately $63,000. Finally, Advisory Services Network LLC bought a new position in shares of Aeva Technologies during the 4th quarter worth approximately $78,000. Hedge funds and other institutional investors own 62.92% of the company’s stock.

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.