Aeva Technologies (NYSE:AEVA – Free Report) had its price objective lifted by Morgan Stanley from $1.40 to $1.44 in a report released on Wednesday morning, Benzinga reports. They currently have an equal weight rating on the stock.
Separately, 500.com restated a reiterates rating on shares of Aeva Technologies in a research report on Thursday, May 11th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of Hold and a consensus target price of $3.69.
Read Our Latest Analysis on Aeva Technologies
Aeva Technologies Stock Performance
Aeva Technologies (NYSE:AEVA – Get Free Report) last released its earnings results on Tuesday, August 8th. The company reported ($0.16) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.16). The firm had revenue of $0.74 million for the quarter, compared to the consensus estimate of $0.69 million. Aeva Technologies had a negative return on equity of 45.27% and a negative net margin of 4,352.91%. During the same period in the prior year, the firm earned ($0.16) EPS. As a group, analysts predict that Aeva Technologies will post -0.67 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Aeva Technologies
A number of hedge funds have recently made changes to their positions in AEVA. Ground Swell Capital LLC acquired a new stake in shares of Aeva Technologies in the 1st quarter valued at approximately $27,000. Aigen Investment Management LP raised its holdings in shares of Aeva Technologies by 53.9% in the fourth quarter. Aigen Investment Management LP now owns 21,087 shares of the company’s stock valued at $29,000 after purchasing an additional 7,385 shares during the last quarter. ExodusPoint Capital Management LP bought a new position in shares of Aeva Technologies in the fourth quarter valued at $31,000. Quantbot Technologies LP bought a new position in Aeva Technologies during the first quarter worth $35,000. Finally, Barclays PLC boosted its position in Aeva Technologies by 533.3% during the fourth quarter. Barclays PLC now owns 26,015 shares of the company’s stock worth $35,000 after purchasing an additional 21,907 shares during the period. Institutional investors and hedge funds own 38.42% of the company’s stock.
About Aeva Technologies
Aeva Technologies, Inc designs 4D LiDAR-on-chips in the United States, Thailand, Europe, the Middle East, and Asia. The company develops its products using frequency modulated continuous wave sensing technology. It offers 4D LiDAR sensing system with embedded software for automotive, industrial, and security applications; and a silicon photonics engine and software algorithms for industrial automation and consumer device applications.
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