Dylan Hixon Purchases 85,518 Shares of Energy Vault (NYSE:NRGV) Stock

Key Points

• Energy Vault director Dylan Hixon purchased 85,518 shares at an average price of $3.74, representing a total investment of approximately $319,837. The transaction was disclosed in an SEC filing.
• NRGV shares slipped 0.9% to $3.75, while the company reported a quarterly loss of $0.17 per share, missing estimates, despite revenue of $17.37 million exceeding forecasts.
• Analyst sentiment remains mixed, with a consensus rating of Hold and an average price target of $5.41; institutional investors own approximately 40% of the company.

Energy Vault Holdings, Inc. (NYSE:NRGV - Get Free Report) Director Dylan Hixon purchased 85,518 shares of Energy Vault stock in a transaction that occurred on Friday, August 14th. The shares were purchased at an average cost of $3.74 per share, with a total value of $319,837.32. Following the transaction, the director directly owned 31,864 shares of the company's stock, valued at $119,171.36. This represents a -159.39% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link.

Energy Vault Stock Down 0.9%

NRGV stock traded down $0.04 during midday trading on Monday, hitting $3.75. The company's stock had a trading volume of 1,114,123 shares, compared to its average volume of 4,638,059. The firm's 50-day moving average is $3.70 and its 200-day moving average is $3.94. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 24.07. Energy Vault Holdings, Inc. has a 12 month low of $1.40 and a 12 month high of $6.64. The company has a market cap of $669.15 million, a PE ratio of -5.72 and a beta of 1.21.

Energy Vault (NYSE:NRGV - Get Free Report) last posted its earnings results on Tuesday, August 11th. The company reported ($0.17) EPS for the quarter, missing analysts' consensus estimates of ($0.14) by ($0.03). Energy Vault had a negative return on equity of 236.83% and a negative net margin of 48.58%.The business had revenue of $17.37 million during the quarter, compared to the consensus estimate of $14.24 million. On average, equities research analysts forecast that Energy Vault Holdings, Inc. will post -0.56 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research analysts have commented on NRGV shares. Weiss Ratings downgraded shares of Energy Vault from a "sell (d-)" rating to a "sell (e+)" rating in a report on Wednesday. Citigroup raised Energy Vault from a "neutral" rating to a "buy" rating and reduced their price objective for the stock from $5.25 to $5.00 in a research note on Wednesday, July 22nd. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $7.00 price objective on shares of Energy Vault in a report on Wednesday, August 12th. Roth Capital reissued a "buy" rating and issued a $7.00 target price (up from $5.00) on shares of Energy Vault in a report on Wednesday. Finally, Zacks Research upgraded Energy Vault from a "strong sell" rating to a "hold" rating in a research report on Monday, July 6th. Four investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, Energy Vault currently has a consensus rating of "Hold" and a consensus target price of $5.41.

Institutional Investors Weigh In On Energy Vault

A number of institutional investors and hedge funds have recently modified their holdings of NRGV. Bank of America Corp DE bought a new position in Energy Vault in the 2nd quarter valued at $2,348,000. Jupiter Topco LLC bought a new position in shares of Energy Vault in the second quarter worth about $193,000. J. Goldman & Co LP purchased a new position in Energy Vault in the 2nd quarter worth about $7,085,000. Hsbc Holdings PLC bought a new stake in Energy Vault during the 2nd quarter valued at about $57,000. Finally, Legal & General Group Plc bought a new stake in Energy Vault during the 2nd quarter valued at about $25,508,000. 40.03% of the stock is owned by institutional investors.

Energy Vault Company Profile

Energy Vault is a global energy storage technology company specializing in long-duration, gravity-based energy storage solutions. Founded in 2017 and headquartered in Lugano, Switzerland, the firm has developed a modular system that uses large composite blocks and a proprietary crane system to convert excess renewable energy into gravitational potential energy. When energy demand peaks, the system lowers the blocks to generate electricity through regenerative braking, offering a dispatchable, carbon-free alternative to traditional battery storage.

The company's flagship product line, EVx, integrates advanced materials science, software-driven controls and artificial intelligence to optimize charge and discharge cycles.

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