Aeva Technologies, Inc. (NYSE:AEVA) Director Stephen Paul Zadesky Sells 12,500 Shares of Stock

Aeva Technologies, Inc. (NYSE:AEVAGet Rating) Director Stephen Paul Zadesky sold 12,500 shares of the company’s stock in a transaction on Thursday, November 17th. The shares were sold at an average price of $1.86, for a total transaction of $23,250.00. Following the completion of the sale, the director now owns 12,500 shares of the company’s stock, valued at approximately $23,250. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Aeva Technologies Stock Down 5.2 %

Shares of AEVA stock opened at $1.63 on Tuesday. Aeva Technologies, Inc. has a 12 month low of $1.56 and a 12 month high of $10.75. The company’s fifty day simple moving average is $2.05 and its 200-day simple moving average is $2.83. The firm has a market cap of $355.72 million, a PE ratio of -2.59 and a beta of 1.16.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on AEVA shares. Morgan Stanley lowered their price target on Aeva Technologies from $5.00 to $2.50 and set an “equal weight” rating for the company in a report on Wednesday, November 9th. Westpark Capital initiated coverage on shares of Aeva Technologies in a research note on Tuesday, November 1st. They issued a “hold” rating and a $3.00 price target on the stock. Piper Sandler dropped their price objective on shares of Aeva Technologies from $4.50 to $2.25 and set a “neutral” rating on the stock in a report on Wednesday, November 9th. Finally, Roth Capital reduced their target price on shares of Aeva Technologies from $20.00 to $10.00 in a research note on Wednesday, November 9th.

Hedge Funds Weigh In On Aeva Technologies

Large investors have recently modified their holdings of the business. Vanguard Group Inc. increased its position in shares of Aeva Technologies by 16.6% in the third quarter. Vanguard Group Inc. now owns 12,957,850 shares of the company’s stock valued at $24,231,000 after acquiring an additional 1,841,986 shares during the last quarter. FIFTHDELTA Ltd boosted its holdings in shares of Aeva Technologies by 139.3% in the 1st quarter. FIFTHDELTA Ltd now owns 2,829,216 shares of the company’s stock valued at $12,251,000 after buying an additional 1,646,804 shares during the last quarter. Two Sigma Investments LP grew its stake in shares of Aeva Technologies by 249.7% in the third quarter. Two Sigma Investments LP now owns 1,212,233 shares of the company’s stock valued at $2,267,000 after buying an additional 865,543 shares in the last quarter. Sylebra Capital Ltd increased its holdings in Aeva Technologies by 1.6% during the first quarter. Sylebra Capital Ltd now owns 26,828,400 shares of the company’s stock worth $116,167,000 after buying an additional 418,864 shares during the last quarter. Finally, Point72 Asset Management L.P. bought a new stake in Aeva Technologies during the third quarter worth $737,000. 47.10% of the stock is currently owned by institutional investors and hedge funds.

Aeva Technologies Company Profile

(Get Rating)

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.

Read More

Receive News & Ratings for Aeva Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Aeva Technologies and related companies with MarketBeat.com's FREE daily email newsletter.