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

Aeva Technologies (NYSE:AEVA) had its price objective increased by Oppenheimer from $5.00 to $6.00 in a research report report published on Thursday morning,Benzinga reports. Oppenheimer currently has an outperform rating on the stock.

Aeva Technologies Trading Up 34.7 %

Shares of AEVA opened at $4.19 on Thursday. The business’s fifty day simple moving average is $3.82 and its two-hundred day simple moving average is $3.85. Aeva Technologies has a 12 month low of $2.20 and a 12 month high of $5.49. The company has a market cap of $225.77 million, a price-to-earnings ratio of -1.36 and a beta of 1.41.

Insider Buying and Selling at Aeva Technologies

In other news, CTO Mina Rezk sold 70,000 shares of the stock in a transaction 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 transaction, the chief technology officer now directly owns 8,696,669 shares of the company’s stock, valued at $24,263,706.51. This represents a 0.80 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Stephen Paul Zadesky sold 14,851 shares of the stock in a transaction 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 transaction, the director now directly 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. Company insiders own 29.10% of the company’s stock.

Hedge Funds Weigh In On Aeva Technologies

Several hedge funds and other institutional investors have recently modified their holdings of AEVA. Parkwood LLC raised its holdings in Aeva Technologies by 415.7% in the 4th quarter. Parkwood LLC now owns 1,426,627 shares of the company’s stock worth $6,776,000 after purchasing an additional 1,150,000 shares during the period. Jane Street Group LLC raised its holdings in 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 purchasing an additional 623,889 shares during the period. LPL Financial LLC bought a new position in Aeva Technologies in the 4th quarter worth $451,000. Geode Capital Management LLC raised its holdings in Aeva Technologies by 14.2% in 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 period. Finally, Two Sigma Investments LP raised its holdings in Aeva Technologies by 308.6% in the 4th quarter. Two Sigma Investments LP now owns 74,288 shares of the company’s stock worth $353,000 after purchasing an additional 56,107 shares during the period. 62.92% of the stock is 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.