BlackRock Inc. purchased a new stake in NeoVolta, Inc. (NASDAQ:NEOV - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 518,297 shares of the company's stock, valued at approximately $1,633,000. BlackRock Inc. owned about 1.21% of NeoVolta at the end of the most recent quarter.
Other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in NeoVolta by 11.5% during the 3rd quarter. Vanguard Group Inc. now owns 458,988 shares of the company's stock worth $2,047,000 after acquiring an additional 47,521 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of NeoVolta by 2.9% in the 4th quarter. Geode Capital Management LLC now owns 329,747 shares of the company's stock worth $1,003,000 after acquiring an additional 9,385 shares in the last quarter. BIP Wealth LLC purchased a new stake in shares of NeoVolta in the second quarter valued at about $675,000. 683 Capital Management LLC purchased a new stake in shares of NeoVolta in the fourth quarter valued at about $589,000. Finally, State Street Corp lifted its position in shares of NeoVolta by 8.5% during the fourth quarter. State Street Corp now owns 135,964 shares of the company's stock valued at $413,000 after purchasing an additional 10,700 shares in the last quarter. 5.11% of the stock is owned by hedge funds and other institutional investors.
NeoVolta Price Performance
NASDAQ NEOV opened at $3.86 on Monday. The stock has a market capitalization of $218.51 million, a price-to-earnings ratio of -11.70 and a beta of -0.87. NeoVolta, Inc. has a one year low of $1.36 and a one year high of $7.13. The business's fifty day moving average is $2.83 and its 200-day moving average is $2.87.
Analyst Ratings Changes
Several research analysts recently weighed in on the stock. Needham & Company LLC restated a "buy" rating and set a $8.00 price target on shares of NeoVolta in a report on Thursday, July 2nd. UBS Group reiterated a "buy" rating on shares of NeoVolta in a research note on Tuesday, September 1st. Lake Street Capital assumed coverage on shares of NeoVolta in a research report on Friday, June 26th. They set a "buy" rating and a $11.00 target price on the stock. Weiss Ratings restated a "sell (e+)" rating on shares of NeoVolta in a research note on Friday, June 26th. Finally, Northland Securities assumed coverage on NeoVolta in a research note on Wednesday, July 29th. They issued an "outperform" rating on the stock. Four research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock has an average rating of "Hold" and an average price target of $9.50.
View Our Latest Stock Analysis on NEOV
NeoVolta Company Profile
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Free Report)
NeoVolta, Inc is a clean-energy technology company that designs, manufactures and markets integrated battery storage systems for residential and light-commercial applications. Headquartered in San Jose, California, the company develops hardware and software solutions aimed at enhancing the value of rooftop solar installations, providing backup power and enabling homeowners to optimize time-of-use rate plans. NeoVolta's modular approach to energy storage allows customers to scale capacity to match their changing needs.
The company's flagship product family combines lithium-ion battery modules, a hybrid inverter and an energy management platform under a single enclosure.
See Also
Want to see what other hedge funds are holding NEOV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NeoVolta, Inc. (NASDAQ:NEOV - Free Report).
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