Energy Vault Holdings, Inc. (NYSE:NRGV) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Energy Vault Holdings, Inc. (NYSE:NRGV) have been given an average rating of “Hold” by the six analysts that are covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a sell rating and four have issued a buy rating on the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $1.95.

Separately, TD Cowen restated a “buy” rating and issued a $2.50 price target on shares of Energy Vault in a research report on Wednesday, November 13th.

Energy Vault Stock Down 1.1 %

NYSE NRGV opened at $1.83 on Wednesday. The business’s 50-day moving average price is $1.70 and its 200 day moving average price is $1.26. Energy Vault has a 52-week low of $0.78 and a 52-week high of $2.68. The firm has a market cap of $278.38 million, a P/E ratio of -2.82 and a beta of 0.49.

Energy Vault (NYSE:NRGV) last announced its quarterly earnings data on Tuesday, November 12th. The company reported ($0.18) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.03). Energy Vault had a negative return on equity of 47.41% and a negative net margin of 73.37%. The business had revenue of $1.20 million for the quarter, compared to analyst estimates of $4.80 million. During the same period in the prior year, the company earned ($0.13) EPS. As a group, analysts anticipate that Energy Vault will post -0.64 earnings per share for the current year.

Insider Transactions at Energy Vault

In other Energy Vault news, CEO Robert Piconi purchased 150,000 shares of the business’s stock in a transaction that occurred on Friday, November 22nd. The shares were purchased at an average price of $1.57 per share, for a total transaction of $235,500.00. Following the completion of the acquisition, the chief executive officer now owns 17,623,361 shares of the company’s stock, valued at approximately $27,668,676.77. This represents a 0.86 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 19.80% of the company’s stock.

Institutional Investors Weigh In On Energy Vault

Several large investors have recently made changes to their positions in the business. DRW Securities LLC acquired a new stake in Energy Vault in the 3rd quarter valued at $31,000. SG Americas Securities LLC boosted its position in shares of Energy Vault by 95.5% in the third quarter. SG Americas Securities LLC now owns 35,601 shares of the company’s stock worth $34,000 after buying an additional 17,388 shares during the period. Mesirow Financial Investment Management Inc. grew its stake in shares of Energy Vault by 33.3% in the second quarter. Mesirow Financial Investment Management Inc. now owns 80,000 shares of the company’s stock valued at $76,000 after buying an additional 20,000 shares in the last quarter. Barclays PLC raised its holdings in shares of Energy Vault by 225.2% during the 3rd quarter. Barclays PLC now owns 143,759 shares of the company’s stock valued at $137,000 after buying an additional 99,550 shares during the period. Finally, Green Alpha Advisors LLC lifted its position in Energy Vault by 62.3% during the 3rd quarter. Green Alpha Advisors LLC now owns 158,171 shares of the company’s stock worth $152,000 after acquiring an additional 60,725 shares in the last quarter. Institutional investors and hedge funds own 40.03% of the company’s stock.

About Energy Vault

Energy Vault Holdings, Inc develops and sells energy storage solutions. The company offers B-Vault, an electrochemical battery energy storage systems for shorter-duration energy storage needs; G-Vault, a proprietary gravity energy storage solution, including EVx solution; and H-Vault, a hybrid energy storage systems including systems that integrate green hydrogen.