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

Shares of AirJoule Technologies Corporation (NASDAQ:AIRJ) have been assigned an average rating of “Moderate Buy” from the five ratings firms that are currently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, three have given a buy recommendation and one has issued a strong 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 $9.50.

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

Insider Activity

In other news, Director Stuart D. Porter bought 264,150 shares of the firm’s stock in a transaction that occurred on Wednesday, December 10th. The stock was acquired at an average cost of $2.95 per share, with a total value of $779,242.50. Following the transaction, the director directly owned 623,033 shares of the company’s stock, valued at approximately $1,837,947.35. This represents a 73.60% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Thomas Edward Murphy purchased 14,450 shares of the business’s stock in a transaction on Friday, December 12th. The stock was purchased at an average price of $3.40 per share, for a total transaction of $49,130.00. Following the acquisition, the director owned 31,950 shares of the company’s stock, valued at approximately $108,630. This represents a 82.57% increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last 90 days, insiders bought 387,264 shares of company stock valued at $1,135,297. 58.00% of the stock is currently owned by company insiders.

Institutional Trading of AirJoule Technologies

Several institutional investors and hedge funds have recently modified their holdings of the stock. Geode Capital Management LLC grew its holdings in AirJoule Technologies by 111.1% during the second quarter. Geode Capital Management LLC now owns 517,203 shares of the company’s stock worth $2,395,000 after buying an additional 272,253 shares in the last quarter. Creative Planning purchased a new position in AirJoule Technologies during the 2nd quarter worth $441,000. Vanguard Group Inc. boosted its holdings in AirJoule Technologies by 6.8% during the 3rd quarter. Vanguard Group Inc. now owns 1,162,542 shares of the company’s stock worth $5,452,000 after acquiring an additional 73,661 shares during the last quarter. Wealthspire Advisors LLC bought a new stake in shares of AirJoule Technologies in the 2nd quarter worth $232,000. Finally, Argentarii LLC purchased a new stake in shares of AirJoule Technologies in the third quarter valued at about $141,000. 63.65% of the stock is owned by hedge funds and other institutional investors.

AirJoule Technologies Trading Up 1.3%

AIRJ stock opened at $3.89 on Tuesday. The firm has a market cap of $236.05 million, a PE ratio of -25.93 and a beta of 0.48. The stock has a 50-day moving average price of $4.07 and a 200-day moving average price of $4.51. AirJoule Technologies has a 1-year low of $2.61 and a 1-year high of $9.95.

AirJoule Technologies (NASDAQ:AIRJ) last released its earnings results on Thursday, November 13th. The company reported ($0.07) EPS for the quarter, topping the consensus estimate of ($0.10) by $0.03. On average, analysts forecast that AirJoule Technologies will post 4.97 earnings per share for the current year.

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.