Craig Hallum Boosts Aeva Technologies (NYSE:AEVA) Price Target to $6.00

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

A number of other research analysts also recently weighed in on AEVA. Roth Mkm raised their target price on shares of Aeva Technologies from $5.00 to $6.00 and gave the company a “buy” rating in a research report on Thursday. Westpark Capital reiterated a “hold” rating on shares of Aeva Technologies in a research note on Wednesday, August 7th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $10.53.

Aeva Technologies Stock Performance

NYSE:AEVA traded down $0.10 on Thursday, reaching $4.20. The company’s stock had a trading volume of 295,057 shares, compared to its average volume of 296,374. Aeva Technologies has a 1-year low of $2.20 and a 1-year high of $7.25. The business’s 50-day moving average price is $3.40 and its two-hundred day moving average price is $3.18. The firm has a market cap of $225.32 million, a PE ratio of -1.37 and a beta of 1.37.

Aeva Technologies (NYSE:AEVA) last announced its earnings results on Wednesday, August 7th. The company reported ($0.67) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.70) by $0.03. Aeva Technologies had a negative net margin of 2,399.43% and a negative return on equity of 66.27%. The firm had revenue of $2.01 million during the quarter, compared to analyst estimates of $1.58 million. As a group, sell-side analysts expect that Aeva Technologies will post -2.75 EPS for the current year.

Insider Activity at Aeva Technologies

In other Aeva Technologies news, CEO Soroush Salehian Dardashti sold 49,678 shares of the stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $2.55, for a total transaction of $126,678.90. Following the transaction, the chief executive officer now owns 4,204,808 shares in the company, valued at $10,722,260.40. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 29.10% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Aeva Technologies

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Susquehanna Fundamental Investments LLC increased its holdings in shares of Aeva Technologies by 82.3% during the second quarter. Susquehanna Fundamental Investments LLC now owns 27,083 shares of the company’s stock worth $68,000 after buying an additional 12,227 shares in the last quarter. Sei Investments Co. acquired a new stake in shares of Aeva Technologies during the second quarter valued at about $39,000. Dimensional Fund Advisors LP bought a new stake in shares of Aeva Technologies during the second quarter worth about $118,000. American Century Companies Inc. acquired a new position in shares of Aeva Technologies in the second quarter valued at approximately $38,000. Finally, Bank of New York Mellon Corp raised its holdings in Aeva Technologies by 40.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 76,107 shares of the company’s stock valued at $192,000 after buying an additional 21,865 shares during the last quarter. 62.92% of the stock is currently owned by institutional investors and hedge funds.

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.