Piper Sandler Raises Aeva Technologies (NYSE:AEVA) Price Target to $4.50

Aeva Technologies (NYSE:AEVAGet Rating) had its price target raised by investment analysts at Piper Sandler from $3.00 to $4.50 in a report issued on Thursday, Marketbeat Ratings reports. The brokerage currently has a “neutral” rating on the stock. Piper Sandler’s price objective would suggest a potential downside of 2.17% from the stock’s current price.

Separately, Credit Suisse Group began coverage on shares of Aeva Technologies in a research note on Thursday, April 14th. They set an “outperform” rating and a $6.00 price target for the company.

Aeva Technologies Trading Up 12.2 %

Shares of NYSE:AEVA opened at $4.60 on Thursday. The company’s 50 day moving average is $3.28 and its two-hundred day moving average is $3.81. Aeva Technologies has a 52 week low of $2.46 and a 52 week high of $10.75. The company has a market cap of $996.83 million, a PE ratio of -7.71 and a beta of 0.87.

Aeva Technologies (NYSE:AEVAGet Rating) last issued its earnings results on Wednesday, August 3rd. The company reported ($0.16) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.16). Aeva Technologies had a negative net margin of 1,407.47% and a negative return on equity of 26.45%. During the same period in the previous year, the business posted ($0.11) earnings per share. As a group, equities research analysts expect that Aeva Technologies will post -0.68 EPS for the current year.

Hedge Funds Weigh In On Aeva Technologies

A number of large investors have recently bought and sold shares of AEVA. Quantbot Technologies LP purchased a new position in Aeva Technologies during the 1st quarter worth $35,000. Point72 Hong Kong Ltd purchased a new position in Aeva Technologies during the 4th quarter valued at about $37,000. Itau Unibanco Holding S.A. purchased a new position in Aeva Technologies during the 4th quarter valued at about $40,000. Independent Advisor Alliance purchased a new position in Aeva Technologies during the 2nd quarter valued at about $41,000. Finally, MQS Management LLC purchased a new position in Aeva Technologies during the 1st quarter valued at about $51,000. Hedge funds and other institutional investors own 48.16% of the company’s stock.

About Aeva Technologies

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Aeva Technologies, Inc, through its frequency modulated continuous wave (FMCW) sensing technology, designs a 4D LiDAR-on-chip that enables the adoption of LiDAR across various applications. from automated driving to consumer electronics, consumer health, industrial automation, and security application.

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