Aeva Technologies (NYSE:AEVA) Given New $7.00 Price Target at Craig Hallum

Aeva Technologies (NYSE:AEVA) had its target price trimmed by Craig Hallum from $10.00 to $7.00 in a research note published on Wednesday morning, Benzinga reports. The firm currently has a buy rating on the stock.

AEVA has been the topic of several other research reports. Morgan Stanley increased their price target on shares of Aeva Technologies to $5.10 and gave the stock an equal weight rating in a research note on Tuesday, March 19th. Oppenheimer restated an outperform rating and set a $25.00 price target on shares of Aeva Technologies in a research note on Wednesday, March 6th. Finally, Roth Mkm increased their price target on shares of Aeva Technologies from $5.00 to $7.50 and gave the stock a buy rating in a research note on Wednesday, January 10th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of Moderate Buy and an average price target of $10.92.

Aeva Technologies Stock Performance

Aeva Technologies stock opened at $3.47 on Wednesday. The firm has a market cap of $183.29 million, a PE ratio of -1.07 and a beta of 1.43. The firm’s 50 day moving average price is $4.11 and its two-hundred day moving average price is $3.96. Aeva Technologies has a twelve month low of $2.33 and a twelve month high of $7.60.

Aeva Technologies (NYSE:AEVA) last released its quarterly earnings data on Tuesday, March 5th. The company reported ($0.70) earnings per share for the quarter, beating the consensus estimate of ($0.75) by $0.05. Aeva Technologies had a negative net margin of 3,463.20% and a negative return on equity of 52.88%. The firm had revenue of $1.61 million for the quarter, compared to analyst estimates of $1.59 million. Equities analysts anticipate that Aeva Technologies will post -2.78 EPS for the current fiscal year.

Insider Activity at Aeva Technologies

In related news, CEO Soroush Salehian Dardashti sold 75,791 shares of the firm’s stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of $4.65, for a total value of $352,428.15. Following the transaction, the chief executive officer now directly owns 4,689,017 shares in the company, valued at approximately $21,803,929.05. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In the last three months, insiders have sold 176,729 shares of company stock worth $756,557. 34.60% of the stock is owned by insiders.

Institutional Trading of Aeva Technologies

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Susquehanna Fundamental Investments LLC acquired a new position in shares of Aeva Technologies during the first quarter valued at about $58,000. BNP Paribas Financial Markets acquired a new position in Aeva Technologies in the first quarter worth about $31,000. Parkwood LLC raised its position in Aeva Technologies by 78.4% in the fourth quarter. Parkwood LLC now owns 609,825 shares of the company’s stock worth $462,000 after purchasing an additional 268,046 shares in the last quarter. Sylebra Capital LLC acquired a new position in Aeva Technologies in the third quarter worth about $20,730,000. Finally, Oppenheimer & Co. Inc. raised its position in Aeva Technologies by 20.8% in the third quarter. Oppenheimer & Co. Inc. now owns 451,723 shares of the company’s stock worth $346,000 after purchasing an additional 77,855 shares in the last quarter. 62.92% of the stock is currently owned by institutional investors and hedge funds.

About Aeva Technologies

Aeva Technologies, Inc engages in the design, manufacturing, and sale of LiDAR sensing systems, and related perception and autonomy-enabling software solutions in the United States, Thailand, Europe, the Middle East, and Asia. The company develops its products using frequency modulated continuous wave sensing technology.