Equities research analysts at Alliance Global Partners started coverage on shares of Nano Nuclear Energy (NASDAQ:NNE – Get Free Report) in a research report issued to clients and investors on Monday, Marketbeat.com reports. The brokerage set a “buy” rating and a $46.00 price target on the stock. Alliance Global Partners’ price target points to a potential upside of 195.06% from the company’s previous close.
A number of other equities research analysts also recently commented on the company. Benchmark restated a “buy” rating on shares of Nano Nuclear Energy in a research report on Friday, June 26th. Roth Capital assumed coverage on shares of Nano Nuclear Energy in a research note on Wednesday, June 17th. They set a “buy” rating and a $45.00 target price on the stock. Wall Street Zen lowered Nano Nuclear Energy from a “sell” rating to a “strong sell” rating in a research report on Saturday, July 18th. Truist Financial initiated coverage on shares of Nano Nuclear Energy in a report on Monday, July 13th. They set a “hold” rating and a $22.00 price target for the company. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Nano Nuclear Energy in a research note on Friday, July 17th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Nano Nuclear Energy currently has an average rating of “Moderate Buy” and an average target price of $40.75.
Nano Nuclear Energy Price Performance
Nano Nuclear Energy (NASDAQ:NNE – Get Free Report) last released its earnings results on Thursday, May 14th. The company reported ($0.18) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.26) by $0.08. On average, research analysts anticipate that Nano Nuclear Energy will post -0.93 EPS for the current fiscal year.
Insider Buying and Selling at Nano Nuclear Energy
In other Nano Nuclear Energy news, Chairman Jiang Yu sold 700,000 shares of the stock in a transaction on Wednesday, June 3rd. The stock was sold at an average price of $26.68, for a total transaction of $18,676,000.00. Following the sale, the chairman owned 8,224,000 shares in the company, valued at approximately $219,416,320. This represents a 7.84% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Seth Jason Berl sold 3,750 shares of the stock in a transaction on Friday, June 5th. The shares were sold at an average price of $24.92, for a total value of $93,450.00. Following the sale, the director directly owned 7,586 shares in the company, valued at approximately $189,043.12. The trade was a 33.08% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 1,616,981 shares of company stock worth $43,096,346. Insiders own 32.77% of the company’s stock.
Institutional Investors Weigh In On Nano Nuclear Energy
Hedge funds have recently made changes to their positions in the business. Harbour Investments Inc. lifted its position in Nano Nuclear Energy by 275.7% during the fourth quarter. Harbour Investments Inc. now owns 1,176 shares of the company’s stock worth $28,000 after buying an additional 863 shares during the period. Thurston Springer Miller Herd & Titak Inc. lifted its holdings in shares of Nano Nuclear Energy by 165.7% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,339 shares of the company’s stock valued at $32,000 after acquiring an additional 835 shares in the last quarter. Ascentis Independent Advisors acquired a new stake in Nano Nuclear Energy in the 1st quarter valued at $36,000. US Bancorp DE raised its position in Nano Nuclear Energy by 51.9% in the third quarter. US Bancorp DE now owns 1,171 shares of the company’s stock valued at $45,000 after purchasing an additional 400 shares during the period. Finally, Caitong International Asset Management Co. Ltd purchased a new position in Nano Nuclear Energy in the third quarter valued at about $48,000.
About Nano Nuclear Energy
NANO Nuclear Energy, Inc is a microreactor and nuclear technology company, which provides supply energy services. Its products in technical development are ZEUS, a solid core battery reactor, and ODIN, a low-pressure coolant reactor. The company is founded by Jiang Yu in February, 2022 and is headquartered in New York, NY.
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