Institutional investors and hedge funds have modified their holdings of Aeva Technologies stock. Vanguard Group Inc., Two Sigma Investments LP, Mitsubishi UFJ Kokusai Asset Management Co. Ltd., FIFTHDELTA Ltd, and Point72 Asset Management L.P. are among the institutional investors who own the company’s stock.
Aeva Technologies uses frequency modulated continuous wave (FMCW) sensing technology to design a 4D LiDAR-on-chip, which facilitates the adoption of LiDAR in various applications, including automated driving, consumer electronics, consumer health, industrial automation, and security applications.
In terms of ratings, Aeva Technologies has an average rating of “Moderate Buy” based on data from MarketBeat.com. While some equities research analysts have lowered their price objective, others still assign a buy rating to the company. As of Tuesday, the stock opened at $1.14, with a 50-day simple moving average of $1.65 and a 200-day simple moving average of $1.75. The company’s market cap is $248.78 million, with a price-to-earnings ratio of -1.68 and a beta of 1.19. Corporate insiders own 34.70% of the company’s stock.
Piper Sandler Lowers Aeva Technologies Price Target to $2.00
Equity research analysts at Piper Sandler have lowered Aeva Technologies’ (NYSE: AEVA) price objective from $2.25 to $2.00. The company received a “Moderate Buy” rating, based on data from MarketBeat.com. Three research analysts have given the stock a hold rating, while three others have assigned a buy rating.
Robert W. Baird also issued a report stating that the company’s price objective should be lowered from $3.00 to $2.00, yet still rated the company as an “outperform.” Roth Capital reiterated a “buy” rating for Aeva Technologies’ shares.
On Tuesday, AEVA opened at $1.14. Its stock price has a 50-day simple moving average of $1.65 and a 200-day simple moving average of $1.75. Aeva Technologies’ market cap is $248.78 million, with a price-to-earnings ratio of -1.68 and a beta of 1.19. The company has a 12-month low of $1.08 and a 12-month high of $4.64.
In recent insider activity, CEO Soroush Salehian Dardashti sold 362,849 shares of the firm’s stock at an average price of $2.04, totaling $740,211.96. Following the sale, Dardashti owns 23,912,491 shares of Aeva Technologies, valued at $48,781,481.64. Corporate insiders own 34.70% of the company’s stock.
Hedge funds have also weighed in on Aeva Technologies.
Institutional Investors Modify Aeva Technologies’ Holdings
Institutional investors and hedge funds have modified their holdings of Aeva Technologies (NYSE: AEVA) stock. Vanguard Group Inc. increased its holdings in the company by 16.6% in the third quarter and now owns 12,957,850 shares worth $24,231,000. Two Sigma Investments LP increased its holdings by 249.7% in the third quarter, owning 1,212,233 shares worth $2,267,000. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its holdings by 61.4% in the fourth quarter, owning 1,840,866 shares worth $2,356,000. FIFTHDELTA Ltd increased its holdings by 24.7% in the second quarter, owning 3,527,116 shares worth $11,040,000. Finally, Point72 Asset Management L.P. bought a new stake in the third quarter, worth about $737,000. Currently, 48.80% of the stock is owned by institutional investors.
Aeva Technologies Company Profile
Aeva Technologies is a company that designs a 4D LiDAR-on-chip using frequency modulated continuous wave (FMCW) sensing technology. This design enables the adoption of LiDAR in various applications, from automated driving to consumer electronics, consumer health, industrial automation, and security application.
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