UBS Group AG increased its position in shares of Energy Vault Holdings, Inc. (NYSE:NRGV – Free Report) by 940.1% during the fourth quarter, HoldingsChannel.com reports. The fund owned 1,541,087 shares of the company’s stock after acquiring an additional 1,392,923 shares during the period. UBS Group AG’s holdings in Energy Vault were worth $7,104,000 at the end of the most recent reporting period.
Several other large investors have also recently bought and sold shares of the company. Mercer Global Advisors Inc. ADV bought a new position in shares of Energy Vault in the third quarter worth $36,000. XTX Topco Ltd purchased a new position in Energy Vault during the second quarter worth about $39,000. Platform Technology Partners purchased a new position in Energy Vault during the third quarter worth about $40,000. Banco BTG Pactual S.A. bought a new position in Energy Vault in the 3rd quarter worth about $43,000. Finally, Tower Research Capital LLC TRC raised its holdings in shares of Energy Vault by 570.6% in the 2nd quarter. Tower Research Capital LLC TRC now owns 78,975 shares of the company’s stock valued at $57,000 after acquiring an additional 67,199 shares in the last quarter. 40.03% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
Several research analysts have recently commented on the company. The Goldman Sachs Group boosted their price objective on Energy Vault from $1.75 to $2.00 and gave the stock a “sell” rating in a report on Thursday, March 19th. Fundamental Research set a $6.05 price target on shares of Energy Vault and gave the stock a “buy” rating in a research note on Tuesday, March 24th. Cantor Fitzgerald initiated coverage on shares of Energy Vault in a report on Tuesday, May 5th. They issued an “overweight” rating and a $7.00 price target on the stock. Finally, Zacks Research cut shares of Energy Vault from a “hold” rating to a “strong sell” rating in a research report on Tuesday, February 17th. Two analysts have rated the stock with a Buy rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Reduce” and an average target price of $5.02.
Energy Vault Price Performance
Shares of Energy Vault stock opened at $5.08 on Tuesday. The company has a fifty day moving average of $3.87 and a 200-day moving average of $4.08. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.73 and a current ratio of 0.73. Energy Vault Holdings, Inc. has a 52-week low of $0.65 and a 52-week high of $6.40. The stock has a market capitalization of $877.87 million, a price-to-earnings ratio of -7.15 and a beta of 1.14.
Energy Vault (NYSE:NRGV – Get Free Report) last released its quarterly earnings data on Tuesday, May 5th. The company reported ($0.20) EPS for the quarter, missing the consensus estimate of ($0.15) by ($0.05). Energy Vault had a negative return on equity of 144.72% and a negative net margin of 52.97%.The company had revenue of $21.88 million during the quarter, compared to analysts’ expectations of $20.72 million. Equities research analysts expect that Energy Vault Holdings, Inc. will post -0.61 EPS for the current year.
Insider Buying and Selling
In other Energy Vault news, CFO Michael Thomas Beer sold 65,000 shares of the business’s stock in a transaction that occurred on Monday, April 6th. The stock was sold at an average price of $3.18, for a total value of $206,700.00. Following the completion of the sale, the chief financial officer owned 1,060,945 shares in the company, valued at approximately $3,373,805.10. The trade was a 5.77% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Over the last 90 days, insiders purchased 16,950 shares of company stock valued at $55,062. 17.20% of the stock is owned by insiders.
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.
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