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

Aeva Technologies (NYSE:AEVA) had its price target increased by Roth Mkm from $5.00 to $6.00 in a research note issued to investors on Thursday morning,Benzinga reports. They currently have a buy rating on the stock.

Several other equities analysts also recently commented on the company. Westpark Capital reiterated a “hold” rating on shares of Aeva Technologies in a report on Wednesday, August 7th. Craig Hallum decreased their price target on shares of Aeva Technologies from $7.00 to $5.00 and set a “buy” rating for the company in a report on Thursday, August 8th. Two investment 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 a consensus rating of “Moderate Buy” and a consensus price target of $10.53.

Aeva Technologies Trading Up 0.5 %

NYSE AEVA traded up $0.02 during trading on Thursday, reaching $4.32. 444,635 shares of the company’s stock were exchanged, compared to its average volume of 297,063. Aeva Technologies has a fifty-two week low of $2.20 and a fifty-two week high of $7.25. The company’s fifty day simple moving average is $3.40 and its 200-day simple moving average is $3.18. The firm has a market capitalization of $231.76 million, a PE ratio of -1.37 and a beta of 1.37.

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

Insider Transactions at Aeva Technologies

In other Aeva Technologies news, CEO Soroush Salehian Dardashti sold 85,601 shares of the firm’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $2.84, for a total transaction of $243,106.84. Following the sale, the chief executive officer now directly owns 4,379,207 shares in the company, valued at approximately $12,436,947.88. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 29.10% of the company’s stock.

Hedge Funds Weigh In On Aeva Technologies

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

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.