Energy Vault Holdings, Inc. (NYSE:NRGV) Receives Average Recommendation of “Hold” from Analysts

Shares of Energy Vault Holdings, Inc. (NYSE:NRGV) have received a consensus rating of “Hold” from the five analysts that are presently covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a sell rating and three have assigned a buy rating to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $2.81.

NRGV has been the subject of several recent analyst reports. Chardan Capital reiterated a “sell” rating and set a $0.75 price target (down previously from $7.00) on shares of Energy Vault in a research note on Monday, April 8th. Roth Mkm assumed coverage on Energy Vault in a research report on Tuesday, January 16th. They set a “buy” rating and a $4.00 target price for the company. Stifel Nicolaus dropped their price target on shares of Energy Vault from $6.00 to $3.00 and set a “buy” rating on the stock in a research report on Tuesday. TD Cowen reduced their price objective on shares of Energy Vault from $6.00 to $5.00 and set an “outperform” rating for the company in a research note on Wednesday, March 13th. Finally, Roth Capital reiterated a “buy” rating on shares of Energy Vault in a research note on Tuesday, January 16th.

Energy Vault Price Performance

Shares of NRGV stock opened at $1.30 on Tuesday. Energy Vault has a fifty-two week low of $1.05 and a fifty-two week high of $3.55. The stock’s 50-day moving average is $1.58 and its two-hundred day moving average is $1.92. The firm has a market cap of $191.20 million, a P/E ratio of -1.91 and a beta of 0.58.

Energy Vault (NYSE:NRGV) last released its quarterly earnings data on Tuesday, March 12th. The company reported ($0.15) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.10) by ($0.05). The business had revenue of $118.24 million during the quarter, compared to analyst estimates of $122.05 million. Energy Vault had a negative net margin of 28.82% and a negative return on equity of 40.42%. As a group, research analysts expect that Energy Vault will post -0.34 EPS for the current year.

Insider Transactions at Energy Vault

In other news, CMO Laurence Alexander sold 20,385 shares of the firm’s stock in a transaction on Tuesday, March 19th. The shares were sold at an average price of $1.64, for a total value of $33,431.40. Following the sale, the chief marketing officer now owns 897,123 shares in the company, valued at $1,471,281.72. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders sold a total of 77,966 shares of company stock worth $124,984 over the last three months. 19.80% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Energy Vault

Institutional investors have recently added to or reduced their stakes in the company. DekaBank Deutsche Girozentrale bought a new position in Energy Vault in the third quarter worth $25,000. Bleakley Financial Group LLC bought a new position in shares of Energy Vault during the 4th quarter worth about $33,000. Simplicity Solutions LLC acquired a new stake in shares of Energy Vault during the 4th quarter valued at about $33,000. First Citizens Bank & Trust Co. bought a new stake in Energy Vault in the fourth quarter valued at about $37,000. Finally, Alpine Global Management LLC acquired a new position in Energy Vault in the third quarter worth about $38,000. 40.03% of the stock is owned by institutional investors and hedge funds.

Energy Vault Company Profile

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.