UBS Group AG Buys 1,392,923 Shares of Energy Vault Holdings, Inc. $NRGV

UBS Group AG grew its stake in Energy Vault Holdings, Inc. (NYSE:NRGV) by 940.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,541,087 shares of the company’s stock after purchasing an additional 1,392,923 shares during the period. UBS Group AG owned about 0.92% of Energy Vault worth $7,104,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in NRGV. Mercer Global Advisors Inc. ADV acquired a new position in Energy Vault in the 3rd quarter worth about $36,000. XTX Topco Ltd bought a new stake in shares of Energy Vault in the second quarter worth $39,000. Platform Technology Partners bought a new position in shares of Energy Vault during the third quarter worth about $40,000. Banco BTG Pactual S.A. acquired a new position in shares of Energy Vault in the 3rd quarter worth approximately $43,000. Finally, Tower Research Capital LLC TRC lifted its holdings in Energy Vault by 570.6% in the second quarter. Tower Research Capital LLC TRC now owns 78,975 shares of the company’s stock valued at $57,000 after buying an additional 67,199 shares during the period. Institutional investors and hedge funds own 40.03% of the company’s stock.

Insider Buying and Selling at Energy Vault

In other news, CFO Michael Thomas Beer sold 65,000 shares of Energy Vault stock in a transaction dated Monday, April 6th. The shares were sold at an average price of $3.18, for a total value of $206,700.00. Following the completion of the transaction, the chief financial officer owned 1,060,945 shares in the company, valued at $3,373,805.10. This trade represents a 5.77% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders have bought a total of 16,950 shares of company stock valued at $55,062 in the last three months. 17.20% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of analysts recently commented on the company. Zacks Research lowered Energy Vault from a “hold” rating to a “strong sell” rating in a research report on Tuesday, February 17th. The Goldman Sachs Group boosted their target price on shares of Energy Vault from $1.75 to $2.00 and gave the stock a “sell” rating in a research report on Thursday, March 19th. Cantor Fitzgerald initiated coverage on shares of Energy Vault in a research report on Tuesday, May 5th. They issued an “overweight” rating and a $7.00 price target on the stock. Finally, Fundamental Research set a $6.05 price objective on Energy Vault and gave the stock a “buy” rating in a report on Tuesday, March 24th. Two research analysts have rated the stock with a Buy rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat, Energy Vault has a consensus rating of “Reduce” and a consensus price target of $5.02.

Energy Vault Stock Down 14.4%

NRGV opened at $5.08 on Tuesday. Energy Vault Holdings, Inc. has a twelve month low of $0.65 and a twelve month high of $6.40. The company’s 50-day moving average price is $3.87 and its two-hundred day moving average price is $4.08. The stock has a market cap of $877.87 million, a price-to-earnings ratio of -7.15 and a beta of 1.14. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 0.56.

Energy Vault (NYSE:NRGV) last issued its quarterly earnings results on Tuesday, May 5th. The company reported ($0.20) EPS for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.05). Energy Vault had a negative net margin of 52.97% and a negative return on equity of 144.72%. The firm had revenue of $21.88 million for the quarter, compared to analysts’ expectations of $20.72 million. As a group, equities analysts expect that Energy Vault Holdings, Inc. will post -0.61 earnings per share for the current year.

Energy Vault 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.