Brokerages Set AirJoule Technologies Corporation (NASDAQ:AIRJ) Target Price at $9.50

AirJoule Technologies Corporation (NASDAQ:AIRJ) has earned an average recommendation of “Moderate Buy” from the five brokerages that are currently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, three have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price target among analysts that have covered the stock in the last year is $9.50.

A number of research firms have recently issued reports on AIRJ. Lucid Cap Mkts upgraded AirJoule Technologies to a “strong-buy” rating in a report on Monday, December 22nd. LADENBURG THALM/SH SH initiated coverage on AirJoule Technologies in a research report on Tuesday, December 16th. They set a “buy” rating and a $8.00 price objective for the company. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of AirJoule Technologies in a research note on Monday, December 29th. Finally, UBS Group set a $7.00 price target on shares of AirJoule Technologies in a research report on Monday, December 22nd.

Insiders Place Their Bets

In related news, Director Stuart D. Porter purchased 153,846 shares of the company’s stock in a transaction dated Thursday, January 15th. The shares were acquired at an average cost of $3.25 per share, with a total value of $499,999.50. Following the completion of the purchase, the director owned 776,879 shares of the company’s stock, valued at $2,524,856.75. The trade was a 24.69% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman Patrick C. Eilers acquired 76,923 shares of AirJoule Technologies stock in a transaction that occurred on Thursday, January 15th. The shares were purchased at an average cost of $3.25 per share, with a total value of $249,999.75. Following the transaction, the chairman owned 1,860,518 shares of the company’s stock, valued at approximately $6,046,683.50. The trade was a 4.31% increase in their position. The SEC filing for this purchase provides additional information. Insiders purchased a total of 625,725 shares of company stock worth $1,910,296 in the last quarter. 40.39% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On AirJoule Technologies

A number of hedge funds have recently added to or reduced their stakes in AIRJ. Geode Capital Management LLC lifted its stake in AirJoule Technologies by 111.1% in the second quarter. Geode Capital Management LLC now owns 517,203 shares of the company’s stock valued at $2,395,000 after acquiring an additional 272,253 shares during the last quarter. Renaissance Technologies LLC raised its holdings in shares of AirJoule Technologies by 417.1% during the 4th quarter. Renaissance Technologies LLC now owns 287,500 shares of the company’s stock valued at $1,133,000 after purchasing an additional 231,900 shares in the last quarter. Marshall Wace LLP lifted its stake in shares of AirJoule Technologies by 160.9% in the 4th quarter. Marshall Wace LLP now owns 314,948 shares of the company’s stock valued at $1,241,000 after purchasing an additional 194,212 shares during the last quarter. GWN Securities Inc. bought a new stake in AirJoule Technologies in the fourth quarter worth $604,000. Finally, State Street Corp increased its position in AirJoule Technologies by 45.1% during the fourth quarter. State Street Corp now owns 416,263 shares of the company’s stock worth $1,640,000 after buying an additional 129,418 shares during the last quarter. Institutional investors and hedge funds own 63.65% of the company’s stock.

AirJoule Technologies Stock Performance

Shares of NASDAQ:AIRJ opened at $3.27 on Wednesday. The firm has a 50 day simple moving average of $3.57 and a 200 day simple moving average of $4.24. AirJoule Technologies has a 52 week low of $2.61 and a 52 week high of $8.45. The company has a market cap of $198.42 million, a PE ratio of -21.80 and a beta of 0.45.

About AirJoule Technologies

Montana Technologies Corporation operates as an atmospheric renewable energy and water harvesting technology company. It provides energy and dehumidification, evaporative cooling, and atmospheric water generation through its AirJoule technology. The company is headquartered in Ronan, Montana.