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

Energy Vault Holdings, Inc. (NYSE:NRGV) Director Dylan Hixon acquired 85,518 shares of the company’s stock in a transaction that occurred on Friday, August 14th. The stock was purchased at an average cost of $3.74 per share, for a total transaction of $319,837.32. Following the purchase, the director 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Energy Vault Stock Down 0.9%

NYSE NRGV traded down $0.04 on Monday, reaching $3.75. 1,114,123 shares of the stock traded hands, compared to its average volume of 4,638,059. The company has a debt-to-equity ratio of 24.07, a quick ratio of 1.19 and a current ratio of 1.19. The company has a fifty day moving average price of $3.70 and a 200-day moving average price of $3.94. The company has a market cap of $669.15 million, a price-to-earnings ratio of -5.72 and a beta of 1.21. Energy Vault Holdings, Inc. has a 12 month low of $1.40 and a 12 month high of $6.64.

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

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. Zacks Research upgraded shares of Energy Vault from a “strong sell” rating to a “hold” rating in a report on Monday, July 6th. Roth Capital reissued a “buy” rating and set a $7.00 price objective (up from $5.00) on shares of Energy Vault in a report on Wednesday. Weiss Ratings lowered Energy Vault from a “sell (d-)” rating to a “sell (e+)” rating in a report on Wednesday. Wall Street Zen downgraded Energy Vault from a “sell” rating to a “strong sell” rating in a report on Saturday. Finally, Citigroup raised Energy Vault from a “neutral” rating to a “buy” rating and reduced their price target for the stock from $5.25 to $5.00 in a research report on Wednesday, July 22nd. Four investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $5.41.

Hedge Funds Weigh In On Energy Vault

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

About Energy Vault

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.