Energy Vault Holdings, Inc. (NYSE:NRGV) Receives Average Recommendation of "Reduce" from Analysts

Key Points

• Energy Vault Holdings, Inc. has received an average recommendation of "Reduce" with three sell ratings and two buy ratings from analysts, indicating bearish sentiment.
• The company's shares have fluctuated greatly, with a twelve-month low of $0.60 and a high of $4.56, opening at $3.87 recently.
• Insider trading activity includes significant purchases by Director Dylan Hixon and CEO Robert Piconi, suggesting confidence in the company despite analysts' negative ratings.

Shares of Energy Vault Holdings, Inc. (NYSE:NRGV - Get Free Report) have received a consensus recommendation of "Reduce" from the five research firms that are currently covering the firm, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a sell rating and two have issued a buy rating on the company. The average twelve-month target price among brokers that have covered the stock in the last year is $1.6667.

NRGV has been the subject of a number of research reports. The Goldman Sachs Group raised their price objective on Energy Vault from $0.50 to $1.50 and gave the stock a "sell" rating in a research report on Wednesday, October 8th. Weiss Ratings reissued a "sell (e+)" rating on shares of Energy Vault in a report on Tuesday. Finally, Zacks Research lowered shares of Energy Vault from a "hold" rating to a "strong sell" rating in a report on Wednesday.

Insider Buying and Selling

In related news, Director Dylan Hixon bought 20,000 shares of the business's stock in a transaction that occurred on Friday, August 29th. The stock was acquired at an average price of $1.92 per share, for a total transaction of $38,400.00. Following the transaction, the director directly owned 900,065 shares of the company's stock, valued at $1,728,124.80. This represents a 2.27% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Robert Piconi bought 50,000 shares of the business's stock in a transaction that occurred on Wednesday, September 17th. The shares were bought at an average price of $2.30 per share, with a total value of $115,000.00. Following the transaction, the chief executive officer directly owned 20,182,384 shares in the company, valued at $46,419,483.20. This trade represents a 0.25% increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last 90 days, insiders have acquired 132,400 shares of company stock worth $288,130 and have sold 200,000 shares worth $584,000. 15.40% of the stock is owned by company insiders.

Hedge Funds Weigh In On Energy Vault

Hedge funds and other institutional investors have recently modified their holdings of the stock. Private Capital Advisors Inc. lifted its position in shares of Energy Vault by 766.1% during the 1st quarter. Private Capital Advisors Inc. now owns 487,260 shares of the company's stock worth $339,000 after buying an additional 431,000 shares during the period. Nuveen LLC acquired a new stake in Energy Vault during the 1st quarter valued at $190,000. Goldman Sachs Group Inc. increased its holdings in Energy Vault by 4.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 398,476 shares of the company's stock valued at $277,000 after purchasing an additional 16,101 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Energy Vault by 201.9% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 177,395 shares of the company's stock valued at $125,000 after purchasing an additional 118,641 shares in the last quarter. Finally, Jane Street Group LLC increased its holdings in Energy Vault by 613.7% during the 1st quarter. Jane Street Group LLC now owns 139,129 shares of the company's stock valued at $97,000 after purchasing an additional 119,636 shares in the last quarter. Institutional investors own 40.03% of the company's stock.

Energy Vault Price Performance

Shares of NYSE:NRGV opened at $3.87 on Friday. The business has a 50 day moving average price of $2.46 and a 200 day moving average price of $1.41. Energy Vault has a twelve month low of $0.60 and a twelve month high of $4.56. The company has a market cap of $626.38 million, a price-to-earnings ratio of -3.99 and a beta of 0.93. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 0.11.

Energy Vault (NYSE:NRGV - Get Free Report) last announced its earnings results on Thursday, August 7th. The company reported ($0.22) earnings per share for the quarter, missing the consensus estimate of ($0.07) by ($0.15). Energy Vault had a negative net margin of 279.38% and a negative return on equity of 96.64%. The business had revenue of $8.51 million for the quarter, compared to the consensus estimate of $31.18 million. Energy Vault has set its FY 2025 guidance at EPS. Research 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.

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