International Assets Investment Management LLC Invests $270,000 in Energy Vault Holdings, Inc. (NYSE:NRGV)

International Assets Investment Management LLC bought a new position in Energy Vault Holdings, Inc. (NYSE:NRGV) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 11,650 shares of the company’s stock, valued at approximately $270,000.

Several other large investors have also added to or reduced their stakes in the stock. First Citizens Bank & Trust Co. bought a new position in Energy Vault in the 4th quarter worth about $37,000. SG Americas Securities LLC boosted its stake in Energy Vault by 28.5% in the 4th quarter. SG Americas Securities LLC now owns 54,009 shares of the company’s stock worth $126,000 after purchasing an additional 11,992 shares during the period. Green Alpha Advisors LLC boosted its stake in Energy Vault by 20.7% in the 4th quarter. Green Alpha Advisors LLC now owns 101,023 shares of the company’s stock worth $235,000 after purchasing an additional 17,333 shares during the period. Alpine Global Management LLC bought a new position in Energy Vault in the 3rd quarter worth about $38,000. Finally, DekaBank Deutsche Girozentrale bought a new position in Energy Vault in the 3rd quarter worth about $25,000. Institutional investors own 40.03% of the company’s stock.

Energy Vault Trading Up 2.4 %

Shares of NYSE NRGV opened at $1.26 on Friday. The stock has a market cap of $185.32 million, a price-to-earnings ratio of -1.85 and a beta of 0.58. Energy Vault Holdings, Inc. has a 1-year low of $1.05 and a 1-year high of $3.55. The stock’s 50-day moving average is $1.60 and its 200 day moving average is $1.93.

Energy Vault (NYSE:NRGV) last announced its quarterly earnings data on Tuesday, March 12th. The company reported ($0.15) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.05). The firm had revenue of $118.24 million for the quarter, compared to analysts’ expectations of $122.05 million. Energy Vault had a negative net margin of 28.82% and a negative return on equity of 40.42%. On average, analysts forecast that Energy Vault Holdings, Inc. will post -0.34 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms have weighed in on NRGV. Roth Mkm began coverage on Energy Vault in a report on Tuesday, January 16th. They issued a “buy” rating and a $4.00 price target on the stock. The Goldman Sachs Group lowered their price target on Energy Vault from $1.70 to $1.50 and set a “sell” rating on the stock in a report on Friday, March 22nd. TD Cowen lowered their price target on Energy Vault from $6.00 to $5.00 and set an “outperform” rating on the stock in a report on Wednesday, March 13th. Chardan Capital reaffirmed a “sell” rating and issued a $0.75 price target (down previously from $7.00) on shares of Energy Vault in a report on Monday, April 8th. Finally, Roth Capital reaffirmed a “buy” rating on shares of Energy Vault in a report on Tuesday, January 16th. Two analysts have rated the stock with a sell rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $2.81.

Insider Activity at Energy Vault

In related news, CMO Laurence Alexander sold 20,385 shares of the firm’s stock in a transaction dated Tuesday, March 19th. The stock was sold at an average price of $1.64, for a total transaction of $33,431.40. Following the transaction, the chief marketing officer now directly owns 897,123 shares of the company’s stock, valued at approximately $1,471,281.72. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In the last three months, insiders have sold 77,966 shares of company stock valued at $124,984. Corporate insiders own 20.00% of the company’s stock.

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.