AirJoule Technologies Corporation (NASDAQ:AIRJ) Given Average Rating of “Moderate Buy” by Brokerages

AirJoule Technologies Corporation (NASDAQ:AIRJ) has been given an average recommendation of “Moderate Buy” by the five analysts that are presently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, three have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $9.50.

AIRJ has been the subject of several recent analyst reports. Weiss Ratings reiterated a “sell (e+)” rating on shares of AirJoule Technologies in a research report on Monday, December 29th. LADENBURG THALM/SH SH started coverage on shares of AirJoule Technologies in a research note on Tuesday, December 16th. They set a “buy” rating and a $8.00 target price for the company. Lucid Cap Mkts raised shares of AirJoule Technologies to a “strong-buy” rating in a research note on Monday, December 22nd. Finally, UBS Group set a $7.00 price objective on shares of AirJoule Technologies in a research report on Monday, December 22nd.

Insider Activity at AirJoule Technologies

In other AirJoule Technologies news, Chairman Patrick C. Eilers purchased 76,923 shares of the company’s stock in a transaction on Thursday, January 15th. The stock was acquired at an average price of $3.25 per share, for a total transaction of $249,999.75. Following the completion of the purchase, the chairman directly owned 1,860,518 shares in the company, valued at approximately $6,046,683.50. The trade was a 4.31% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Thomas Edward Murphy bought 17,500 shares of the stock in a transaction that occurred on Wednesday, December 10th. The shares were bought at an average cost of $2.86 per share, with a total value of $50,050.00. Following the completion of the purchase, the director directly owned 17,500 shares in the company, valued at $50,050. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last quarter, insiders acquired 625,725 shares of company stock worth $1,910,296. Corporate insiders own 40.39% of the company’s stock.

Institutional Investors Weigh In On AirJoule Technologies

Several institutional investors have recently modified their holdings of the company. Bank of America Corp DE increased its holdings in shares of AirJoule Technologies by 8,851.2% in the 4th quarter. Bank of America Corp DE now owns 11,189 shares of the company’s stock valued at $89,000 after acquiring an additional 11,064 shares during the last quarter. Goldman Sachs Group Inc. lifted its position in shares of AirJoule Technologies by 46.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 85,150 shares of the company’s stock worth $393,000 after buying an additional 26,995 shares during the last quarter. Jane Street Group LLC boosted its holdings in shares of AirJoule Technologies by 103.2% in the 1st quarter. Jane Street Group LLC now owns 29,956 shares of the company’s stock valued at $138,000 after buying an additional 15,212 shares in the last quarter. Nisa Investment Advisors LLC purchased a new position in shares of AirJoule Technologies in the 2nd quarter valued at $29,000. Finally, Belvedere Trading LLC purchased a new position in shares of AirJoule Technologies in the 2nd quarter valued at $81,000. 63.65% of the stock is owned by hedge funds and other institutional investors.

AirJoule Technologies Trading Up 5.9%

AIRJ stock opened at $3.22 on Wednesday. The stock has a market cap of $195.39 million, a price-to-earnings ratio of -21.47 and a beta of 0.45. The business’s 50-day moving average is $3.55 and its 200 day moving average is $4.25. AirJoule Technologies has a 12-month low of $2.61 and a 12-month high of $8.45.

AirJoule Technologies (NASDAQ:AIRJ) last announced its quarterly earnings data on Thursday, November 13th. The company reported ($0.07) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.10) by $0.03. As a group, equities analysts forecast that AirJoule Technologies will post 4.97 EPS for the current fiscal year.

About AirJoule Technologies

Montana Technologies Corporation operates as an atmospheric renewable energy and water harvesting technology company. It provides energy and dehumidification, evaporative cooling, and atmospheric water generation through its AirJoule technology. The company is headquartered in Ronan, Montana.