Morgan Stanley Issues Positive Forecast for Aeva Technologies (NYSE:AEVA) Stock Price

Aeva Technologies (NYSE:AEVA) had its target price raised by Morgan Stanley from $4.87 to $5.22 in a report released on Friday morning,Benzinga reports. They currently have an equal weight rating on the stock.

Separately, Oppenheimer boosted their target price on Aeva Technologies from $5.00 to $6.00 and gave the company an “outperform” rating in a research note on Thursday. Two analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $5.81.

Aeva Technologies Stock Performance

AEVA opened at $4.19 on Friday. The firm’s fifty day moving average is $3.81 and its two-hundred day moving average is $3.86. The firm has a market cap of $225.77 million, a PE ratio of -1.36 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 the firm’s stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $2.79, for a total transaction of $195,300.00. Following the completion of the transaction, the chief technology officer now directly owns 8,696,669 shares of the company’s stock, valued at $24,263,706.51. This trade represents a 0.80 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Stephen Paul Zadesky sold 14,851 shares of the business’s stock in a transaction 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 directly owns 83,764 shares in the company, valued at approximately $293,174. This represents a 15.06 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 29.10% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in AEVA. Rhumbline Advisers boosted its stake in shares of Aeva Technologies by 13.2% during the 4th quarter. Rhumbline Advisers now owns 53,617 shares of the company’s stock worth $255,000 after buying an additional 6,238 shares during the last quarter. Barclays PLC boosted its position in Aeva Technologies by 276.4% during the third quarter. Barclays PLC now owns 29,910 shares of the company’s stock valued at $98,000 after purchasing an additional 21,964 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in Aeva Technologies by 3.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 211,452 shares of the company’s stock valued at $696,000 after purchasing an additional 8,007 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Aeva Technologies by 14.2% during the 3rd quarter. Geode Capital Management LLC now owns 611,873 shares of the company’s stock worth $2,013,000 after purchasing an additional 76,044 shares during the last quarter. Finally, State Street Corp raised its stake in shares of Aeva Technologies by 5.5% during the 3rd quarter. State Street Corp now owns 452,309 shares of the company’s stock worth $1,488,000 after purchasing an additional 23,593 shares in the last quarter. Institutional investors own 62.92% of the company’s stock.

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.