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

Aeva Technologies (NYSE:AEVA) had its price target hoisted by analysts at Oppenheimer from $5.00 to $6.00 in a research report issued on Thursday,Benzinga reports. The firm presently has an “outperform” rating on the stock. Oppenheimer’s target price points to a potential upside of 92.93% from the stock’s previous close.

Aeva Technologies Trading Up 16.0 %

Shares of NYSE:AEVA opened at $3.11 on Thursday. The company has a 50 day moving average of $3.83 and a 200-day moving average of $3.85. The firm has a market cap of $167.58 million, a P/E ratio of -1.01 and a beta of 1.41. Aeva Technologies has a twelve month low of $2.20 and a twelve month high of $5.49.

Insider Buying and Selling at Aeva Technologies

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

Institutional Trading of Aeva Technologies

A number of large investors have recently added to or reduced their stakes in the business. Parkwood LLC increased its holdings in shares of Aeva Technologies by 415.7% in the fourth quarter. Parkwood LLC now owns 1,426,627 shares of the company’s stock valued at $6,776,000 after buying an additional 1,150,000 shares in the last quarter. Jane Street Group LLC grew its holdings in shares of Aeva Technologies by 2,490.3% in the 4th quarter. Jane Street Group LLC now owns 648,942 shares of the company’s stock worth $3,082,000 after acquiring an additional 623,889 shares during the last quarter. LPL Financial LLC acquired a new stake in shares of Aeva Technologies during the fourth quarter worth $451,000. Geode Capital Management LLC lifted its holdings in shares of Aeva Technologies by 14.2% during the third quarter. Geode Capital Management LLC now owns 611,873 shares of the company’s stock valued at $2,013,000 after purchasing an additional 76,044 shares during the last quarter. Finally, Two Sigma Investments LP boosted its position in shares of Aeva Technologies by 308.6% in the 4th quarter. Two Sigma Investments LP now owns 74,288 shares of the company’s stock valued at $353,000 after purchasing an additional 56,107 shares during the period. 62.92% of the stock is currently owned by 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.