Dylan Hixon Buys 27,472 Shares of Energy Vault (NYSE:NRGV) Stock

Energy Vault Holdings, Inc. (NYSE:NRGV) Director Dylan Hixon bought 27,472 shares of the business’s stock in a transaction on Monday, August 17th. The shares were acquired at an average price of $3.88 per share, for a total transaction of $106,591.36. Following the completion of the transaction, the director owned 27,472 shares in the company, valued at approximately $106,591.36. This trade represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Dylan Hixon also recently made the following trade(s):

• On Friday, August 14th, Dylan Hixon acquired 85,518 shares of Energy Vault stock. The stock was acquired at an average price of $3.74 per share, for a total transaction of $319,837.32.

Energy Vault Stock Performance

Shares of Energy Vault stock opened at $3.90 on Thursday. The firm has a fifty day moving average of $3.64 and a two-hundred day moving average of $3.91. The company has a debt-to-equity ratio of 24.07, a quick ratio of 1.19 and a current ratio of 1.19. The stock has a market capitalization of $694.28 million, a price-to-earnings ratio of -5.90 and a beta of 1.21. Energy Vault Holdings, Inc. has a 52 week low of $1.40 and a 52 week high of $6.64.

Energy Vault (NYSE:NRGV) last announced its quarterly earnings data on Tuesday, August 11th. The company reported ($0.17) EPS for the quarter, missing analysts’ consensus estimates of ($0.14) by ($0.03). The company had revenue of $17.37 million for the quarter, compared to analyst estimates of $14.24 million. Energy Vault had a negative return on equity of 236.83% and a negative net margin of 48.58%. As a group, equities research analysts predict that Energy Vault Holdings, Inc. will post -0.56 EPS for the current year.

Analyst Upgrades and Downgrades

NRGV has been the topic of a number of research reports. Fundamental Research set a $8.03 price target on shares of Energy Vault and gave the company a “buy” rating in a research note on Tuesday. Weiss Ratings lowered shares of Energy Vault from a “sell (d-)” rating to a “sell (e+)” rating in a report on Wednesday, August 12th. Roth Capital reaffirmed a “buy” rating and issued a $7.00 price objective (up from $5.00) on shares of Energy Vault in a research report on Wednesday, August 12th. Citigroup raised shares of Energy Vault from a “neutral” rating to a “buy” rating and reduced their target price for the stock from $5.25 to $5.00 in a research note on Wednesday, July 22nd. Finally, Zacks Research upgraded Energy Vault from a “strong sell” rating to a “hold” rating in a report on Monday, July 6th. Four research analysts have rated the stock with a Buy rating, one has given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, Energy Vault has a consensus rating of “Hold” and a consensus price target of $5.81.

Institutional Trading of Energy Vault

A number of hedge funds and other institutional investors have recently modified their holdings of NRGV. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in Energy Vault by 548.9% during the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 177,171 shares of the company’s stock worth $834,000 after buying an additional 149,866 shares during the last quarter. Jefferies Financial Group Inc. acquired a new position in shares of Energy Vault during the 2nd quarter worth about $756,000. Bank of America Corp DE bought a new stake in shares of Energy Vault in the 2nd quarter valued at about $2,348,000. Jupiter Topco LLC acquired a new stake in Energy Vault in the 2nd quarter valued at about $193,000. Finally, J. Goldman & Co LP bought a new position in Energy Vault during the second quarter worth about $7,085,000. Institutional investors and hedge funds 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.