BBR Partners LLC Makes New $1.51 Million Investment in Aeva Technologies, Inc. $AEVA

by · The Markets Daily

BBR Partners LLC bought a new stake in Aeva Technologies, Inc. (NASDAQ:AEVA – Free Report) during the 2nd quarter, Holdings Channel reports. The firm bought 40,010 shares of the company’s stock, valued at approximately $1,512,000.

Several other hedge funds have also added to or reduced their stakes in the company. GAMMA Investing LLC boosted its stake in Aeva Technologies by 92.2% in the 2nd quarter. GAMMA Investing LLC now owns 865 shares of the company’s stock valued at $33,000 after purchasing an additional 415 shares during the period. Quantbot Technologies LP acquired a new stake in shares of Aeva Technologies during the second quarter worth $36,000. Jones Financial Companies Lllp boosted its position in shares of Aeva Technologies by 27,345.0% in the first quarter. Jones Financial Companies Lllp now owns 5,489 shares of the company’s stock valued at $38,000 after acquiring an additional 5,469 shares during the period. AlphaQuest LLC acquired a new position in shares of Aeva Technologies in the second quarter valued at about $51,000. Finally, Nisa Investment Advisors LLC increased its position in Aeva Technologies by 356.3% during the second quarter. Nisa Investment Advisors LLC now owns 2,122 shares of the company’s stock worth $80,000 after acquiring an additional 1,657 shares during the period. 62.92% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have issued reports on the stock. Wall Street Zen downgraded shares of Aeva Technologies from a “hold” rating to a “sell” rating in a report on Saturday, November 8th. Canaccord Genuity Group reiterated a “buy” rating and issued a $24.00 price target on shares of Aeva Technologies in a research note on Thursday, December 4th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Aeva Technologies in a research note on Monday. Three equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $26.50.

Check Out Our Latest Research Report on AEVA

Aeva Technologies Trading Down 6.5%

Shares of NASDAQ:AEVA opened at $16.01 on Friday. The firm has a 50 day moving average of $14.21 and a 200-day moving average of $18.23. Aeva Technologies, Inc. has a 12 month low of $2.52 and a 12 month high of $38.80. The stock has a market capitalization of $961.88 million, a PE ratio of -3.01 and a beta of 2.16.

Aeva Technologies (NASDAQ:AEVA – Get Free Report) last announced its quarterly earnings data on Wednesday, November 5th. The company reported ($0.46) EPS for the quarter. The firm had revenue of $3.58 million for the quarter. Aeva Technologies had a negative net margin of 1,031.15% and a negative return on equity of 603.21%. On average, research analysts predict that Aeva Technologies, Inc. will post -2.7 EPS for the current fiscal year.

Insider Buying and Selling

In other Aeva Technologies news, CFO Saurabh Sinha sold 48,086 shares of the business’s stock in a transaction dated Wednesday, November 19th. The stock was sold at an average price of $9.97, for a total transaction of $479,417.42. Following the completion of the transaction, the chief financial officer owned 720,512 shares of the company’s stock, valued at approximately $7,183,504.64. The trade was a 6.26% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Soroush Salehian Dardashti sold 250,000 shares of the firm’s stock in a transaction that occurred on Monday, November 10th. The shares were sold at an average price of $13.45, for a total transaction of $3,362,500.00. Following the completion of the sale, the chief executive officer owned 1,884,808 shares in the company, valued at approximately $25,350,667.60. The trade was a 11.71% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 619,710 shares of company stock worth $8,181,369 in the last ninety days. 27.20% of the stock is owned by insiders.

About Aeva Technologies

(Free Report)

Aeva Technologies, Inc engages in the design, development, manufacture, and sale of LiDAR sensing systems, and related perception and autonomy-enabling software solutions in North America, Europe, the Middle East, Africa, and Asia. The company develops its products using frequency modulated continuous wave (FMCW) sensing technology.

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