Energy Vault Holdings, Inc. (NYSE:NRGV) Receives $1.95 Consensus PT from Brokerages

Energy Vault Holdings, Inc. (NYSE:NRGV) has been given a consensus rating of “Hold” by the six brokerages that are covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a sell rating and four have assigned a buy rating to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $1.95.

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

Insider Buying and Selling at Energy Vault

In other news, CEO Robert Piconi purchased 150,000 shares of the company’s stock in a transaction dated Friday, November 22nd. The shares were acquired at an average price of $1.57 per share, with a total value of $235,500.00. Following the transaction, the chief executive officer now owns 17,623,361 shares of the company’s stock, valued at $27,668,676.77. This represents a 0.86 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 19.80% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. DRW Securities LLC purchased a new stake in shares of Energy Vault during the 3rd quarter worth $31,000. SG Americas Securities LLC raised its holdings in 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 purchasing an additional 17,388 shares in the last quarter. Mesirow Financial Investment Management Inc. boosted its holdings in shares of Energy Vault by 33.3% in the 2nd 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 boosted its holdings in shares of Energy Vault by 225.2% in 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 in the last quarter. Finally, Green Alpha Advisors LLC raised its stake in shares of 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. 40.03% of the stock is currently owned by institutional investors.

Energy Vault Stock Performance

Energy Vault stock opened at $2.46 on Friday. The stock has a market cap of $374.22 million, a price-to-earnings ratio of -3.78 and a beta of 0.44. The stock’s 50 day simple moving average is $1.90 and its two-hundred day simple moving average is $1.36. Energy Vault has a fifty-two week low of $0.78 and a fifty-two week high of $2.70.

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

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.