Brokerages Set Energy Vault Holdings, Inc. (NYSE:NRGV) Target Price at $5.08

Shares of Energy Vault Holdings, Inc. (NYSE:NRGV) have received an average recommendation of “Hold” from the six analysts that are covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a sell recommendation, two have issued a hold recommendation and two have given a buy recommendation to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $5.0750.

Several research analysts recently commented on the company. Citigroup initiated coverage on Energy Vault in a research report on Thursday, June 11th. They issued a “neutral” rating and a $5.25 target price for the company. Fundamental Research set a $6.05 price objective on shares of Energy Vault and gave the company a “buy” rating in a research note on Tuesday, March 24th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Energy Vault in a report on Wednesday, May 27th. Zacks Research upgraded shares of Energy Vault from a “strong sell” rating to a “hold” rating in a research report on Monday, July 6th. Finally, Cantor Fitzgerald assumed coverage on shares of Energy Vault in a research note on Tuesday, May 5th. They issued an “overweight” rating and a $7.00 target price on the stock.

Insiders Place Their Bets

In other Energy Vault news, CFO Michael Thomas Beer sold 65,000 shares of Energy Vault stock in a transaction that occurred on Monday, July 6th. The stock was sold at an average price of $4.08, for a total transaction of $265,200.00. Following the sale, the chief financial officer directly owned 1,021,806 shares of the company’s stock, valued at approximately $4,168,968.48. The trade was a 5.98% decrease 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. Insiders own 17.20% of the company’s stock.

Institutional Trading of Energy Vault

Institutional investors have recently bought and sold shares of the stock. State Street Corp raised its stake in Energy Vault by 1,004.0% during the fourth quarter. State Street Corp now owns 5,697,735 shares of the company’s stock worth $26,267,000 after acquiring an additional 5,181,624 shares in the last quarter. Legal & General Group Plc acquired a new stake in shares of Energy Vault in the 4th quarter valued at $18,217,000. Millennium Management LLC grew its holdings in shares of Energy Vault by 141.2% in the 3rd quarter. Millennium Management LLC now owns 5,858,734 shares of the company’s stock worth $17,400,000 after purchasing an additional 3,430,094 shares during the last quarter. Invesco Ltd. bought a new stake in shares of Energy Vault in the 4th quarter worth about $11,454,000. Finally, Marshall Wace LLP grew its holdings in shares of Energy Vault by 132.7% in the 4th quarter. Marshall Wace LLP now owns 3,194,205 shares of the company’s stock worth $14,725,000 after purchasing an additional 1,821,462 shares during the last quarter. Institutional investors and hedge funds own 40.03% of the company’s stock.

Energy Vault Trading Up 15.1%

Shares of NRGV opened at $3.48 on Friday. Energy Vault has a 12-month low of $0.97 and a 12-month high of $6.64. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 4.94. The firm has a market capitalization of $619.42 million, a price-to-earnings ratio of -4.89 and a beta of 1.17. The stock’s 50-day moving average price is $4.50 and its 200 day moving average price is $4.22.

Energy Vault (NYSE:NRGV) last announced its quarterly earnings data on Tuesday, May 5th. The company reported ($0.20) EPS for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.05). The firm had revenue of $21.88 million during the quarter, compared to the consensus estimate of $20.72 million. Energy Vault had a negative return on equity of 171.09% and a negative net margin of 52.97%. As a group, research analysts predict that Energy Vault will post -0.61 earnings per share for the current year.

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.