Roth Capital Increases Aeva Technologies (NASDAQ:AEVA) Price Target to $30.00

Aeva Technologies (NASDAQ:AEVA) had its price target lifted by Roth Capital from $17.00 to $30.00 in a research note released on Tuesday,Benzinga reports. Roth Capital currently has a buy rating on the stock.

Several other research firms also recently weighed in on AEVA. Oppenheimer upped their price target on Aeva Technologies from $9.00 to $18.00 and gave the stock an “outperform” rating in a research note on Thursday, May 15th. Morgan Stanley boosted their target price on Aeva Technologies from $5.22 to $11.00 and gave the stock an “equal weight” rating in a report on Monday, May 12th. Wall Street Zen upgraded Aeva Technologies from a “sell” rating to a “hold” rating in a report on Saturday. Finally, Canaccord Genuity Group lifted their price target on Aeva Technologies from $9.50 to $16.00 and gave the stock a “buy” rating in a research report on Thursday, May 15th. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $14.50.

Aeva Technologies Stock Performance

Shares of AEVA opened at $25.82 on Tuesday. Aeva Technologies has a fifty-two week low of $2.20 and a fifty-two week high of $26.76. The firm’s 50-day simple moving average is $13.56 and its two-hundred day simple moving average is $7.60. The stock has a market cap of $1.42 billion, a PE ratio of -9.12 and a beta of 1.66.

Insider Buying and Selling at Aeva Technologies

In related news, major shareholder Sylebra Capital Llc bought 990,411 shares of the stock in a transaction on Monday, March 24th. The shares were acquired at an average price of $4.36 per share, for a total transaction of $4,318,191.96. Following the purchase, the insider now 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Soroush Salehian Dardashti sold 200,000 shares of the firm’s stock in a transaction dated Wednesday, March 26th. The shares were sold at an average price of $5.36, for a total transaction of $1,072,000.00. Following the sale, the chief executive officer now directly owns 3,764,808 shares in the company, valued at approximately $20,179,370.88. The trade was a 5.04% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have acquired 4,213,506 shares of company stock worth $24,985,345 and have sold 1,067,228 shares worth $11,550,119. Company insiders own 27.20% of the company’s stock.

Institutional Investors Weigh In On Aeva Technologies

Hedge funds have recently added to or reduced their stakes in the stock. Jones Financial Companies Lllp lifted its holdings in shares of Aeva Technologies by 27,345.0% during the 1st quarter. Jones Financial Companies Lllp now owns 5,489 shares of the company’s stock valued at $38,000 after buying an additional 5,469 shares during the period. Intech Investment Management LLC bought a new position in Aeva Technologies in the fourth quarter valued at about $52,000. Squarepoint Ops LLC purchased a new position in Aeva Technologies in the fourth quarter worth about $54,000. Susquehanna Fundamental Investments LLC bought a new stake in shares of Aeva Technologies during the 4th quarter valued at about $63,000. Finally, Advisory Services Network LLC bought a new stake in shares of Aeva Technologies during the 4th quarter valued at about $78,000. 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.