Analysts Set Energy Vault Holdings, Inc. (NYSE:NRGV) Target Price at $5.41

Energy Vault Holdings, Inc. (NYSE:NRGV) has been assigned an average recommendation of “Hold” from the seven research firms that are covering the stock, MarketBeat reports. Two analysts have rated the stock with a sell recommendation, one has issued a hold recommendation and four have issued a buy recommendation on the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $5.41.

Several equities research analysts recently commented on NRGV shares. Roth Capital reissued a “buy” rating and set a $7.00 price objective (up from $5.00) on shares of Energy Vault in a research note on Wednesday, August 12th. Wall Street Zen lowered shares of Energy Vault from a “sell” rating to a “strong sell” rating in a research note on Saturday. Weiss Ratings downgraded Energy Vault from a “sell (d-)” rating to a “sell (e+)” rating in a report on Wednesday, August 12th. Zacks Research upgraded Energy Vault from a “strong sell” rating to a “hold” rating in a research report on Monday, July 6th. Finally, Citigroup upgraded shares of Energy Vault from a “neutral” rating to a “buy” rating and decreased their price objective for the company from $5.25 to $5.00 in a research report on Wednesday, July 22nd.

Energy Vault Price Performance

NRGV opened at $3.82 on Thursday. The company has a debt-to-equity ratio of 24.07, a current ratio of 1.19 and a quick ratio of 1.19. Energy Vault has a 1 year low of $1.40 and a 1 year high of $6.64. The firm has a market cap of $680.91 million, a price-to-earnings ratio of -5.79 and a beta of 1.21. The stock’s 50 day simple moving average is $3.67 and its 200 day simple moving average is $3.93.

Energy Vault (NYSE:NRGV) last posted its quarterly earnings results on Tuesday, August 11th. The company reported ($0.17) 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 net margin of 48.58% and a negative return on equity of 236.83%. As a group, analysts predict that Energy Vault will post -0.56 earnings per share for the current year.

Insiders Place Their Bets

In other Energy Vault news, CFO Michael Thomas Beer sold 65,000 shares of the business’s stock in a transaction on Monday, July 6th. The shares were sold at an average price of $4.08, for a total value of $265,200.00. Following the sale, the chief financial officer owned 1,021,806 shares in the company, valued at $4,168,968.48. The trade was a 5.98% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Dylan Hixon bought 85,518 shares of the firm’s stock in a transaction that occurred on Friday, August 14th. The stock was purchased at an average price of $3.74 per share, for a total transaction of $319,837.32. Following the completion of the transaction, the director directly owned 31,864 shares of the company’s stock, valued at $119,171.36. This represents a -159.39% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders own 17.20% of the company’s stock.

Institutional Trading of Energy Vault

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. AQR Capital Management LLC raised its stake in shares of Energy Vault by 381.1% in the first quarter. AQR Capital Management LLC now owns 105,296 shares of the company’s stock valued at $73,000 after acquiring an additional 83,410 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Energy Vault by 201.9% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 177,395 shares of the company’s stock valued at $125,000 after acquiring an additional 118,641 shares in the last quarter. Goldman Sachs Group Inc. lifted its holdings in Energy Vault by 4.2% during the first quarter. Goldman Sachs Group Inc. now owns 398,476 shares of the company’s stock worth $277,000 after buying an additional 16,101 shares during the period. Jane Street Group LLC boosted its holdings in shares of Energy Vault by 613.7% in the 1st quarter. Jane Street Group LLC now owns 139,129 shares of the company’s stock valued at $97,000 after buying an additional 119,636 shares in the last quarter. Finally, XTX Topco Ltd purchased a new position in Energy Vault during the 2nd quarter worth $39,000. Hedge funds and other institutional investors own 40.03% of the company’s stock.

Energy Vault Company Profile

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.