Aeva Technologies (NYSE:AEVA – Get Free Report) The price target was cut by equity analysts at Craig Hallum from $7.00 to $5.00 in a report published on Thursday, Benzinga reports. The firm currently has a “buy” rating on the stock. Craig Hallum’s price target would imply a potential upside of 74.22% from the company’s current price.
AEVA has been the subject of several other reports. Roth Mkm lowered their price target on shares of Aeva Technologies from $7.50 to $5.00 and issued a “buy” rating for the company in a research note on Thursday. Westpark Capital reiterated a “hold” rating on shares of Aeva Technologies in a research note on Wednesday. Two equities analysts have rated the stock with a “hold” rating and three have given a “buy” rating. According to data from MarketBeat.com, Aeva Technologies has an average rating of “moderate buy” and a consensus price target of $10.03.
Check out our latest analysis on AEVA
Price development of Aeva Technologies
NYSE AEVA was unchanged at $2.87 on Thursday. 212,955 shares of the company traded hands, compared to an average volume of 314,705. Aeva Technologies has a twelve-month low of $2.20 and a twelve-month high of $7.25. The stock’s 50-day moving average price is $2.96 and its 200-day moving average price is $3.73. The company has a market cap of $151.67 million, a price-to-earnings ratio of -0.92 and a beta of 1.40.
Aeva Technologies (NYSE:AEVA – Get Free Report) last released its quarterly earnings results on Tuesday, May 7. The company reported earnings per share (EPS) of -$0.66 for the quarter, beating the consensus estimate of -$0.68 by $0.02. Aeva Technologies had a negative net margin of 2,835.99% and a negative return on equity of 58.54%. The company had revenue of $2.11 million during the quarter, compared to analyst expectations of $1.70 million. As a group, equities analysts forecast that Aeva Technologies will post earnings per share of -$2.75 for the current year.
Hedge funds comment on Aeva Technologies
Several large investors have recently made changes to their positions in AEVA. BNP Paribas Financial Markets acquired a new position in shares of Aeva Technologies in the 1st quarter valued at $31,000. American Century Companies Inc. acquired a new position in shares of Aeva Technologies in the 2nd quarter valued at $38,000. Susquehanna Fundamental Investments LLC acquired a new position in shares of Aeva Technologies in the 1st quarter valued at $58,000. Dimensional Fund Advisors LP acquired a new position in Aeva Technologies in the 2nd quarter valued at $118,000. Finally, Bank of New York Mellon Corp increased its position in Aeva Technologies by 40.3% in the second quarter. Bank of New York Mellon Corp now owns 76,107 shares of the company’s stock valued at $192,000 after acquiring an additional 21,865 shares during the period. 62.92% of the shares are currently owned by institutional investors and hedge funds.
About Aeva Technologies
(Get free report)
Aeva Technologies, Inc. is engaged in the design, development, manufacture and distribution of LiDAR sensor systems and related software solutions for perception and autonomy in North America, Europe, the Middle East, Africa and Asia. The company develops its products using frequency modulated continuous wave (FMCW) sensor technology.
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