Energy Vault Holdings, Inc. (NYSE:NRGV) Stock Has Average Price Target of $5.76

Energy Vault Holdings, Inc. (NYSE:NRGV) has earned a consensus recommendation of “Hold” from the seven analysts that are presently covering the stock, Marketbeat Ratings reports. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $5.76.

Several analysts have commented on NRGV shares. Cantor Fitzgerald reiterated an “overweight” rating and issued a $7.00 price target on shares of Energy Vault in a research note on Wednesday, August 12th. Zacks Research upgraded Energy Vault from a “strong sell” rating to a “hold” rating in a research report on Monday, July 6th. Wall Street Zen downgraded Energy Vault from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 15th. Weiss Ratings lowered Energy Vault from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Wednesday, August 12th. Finally, Fundamental Research set a $8.03 price target on Energy Vault and gave the company a “buy” rating in a research note on Tuesday, August 18th.

Insider Activity at Energy Vault

In other news, Director Stephanie Unwin sold 115,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 26th. The stock was sold at an average price of $3.71, for a total transaction of $426,650.00. Following the sale, the director directly owned 182,245 shares of the company’s stock, valued at $676,128.95. This represents a 38.69% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Dylan Hixon bought 27,472 shares of the stock in a transaction dated Monday, August 17th. The shares were purchased at an average price of $3.88 per share, with a total value of $106,591.36. Following the completion of the transaction, the director directly owned 27,472 shares in the company, valued at approximately $106,591.36. The trade was a ∞ increase in their position. The disclosure for this purchase is available in the SEC filing. 17.20% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Energy Vault

Several institutional investors have recently bought and sold shares of NRGV. Bank of America Corp DE increased its holdings in shares of Energy Vault by 349.6% in the 1st quarter. Bank of America Corp DE now owns 665,546 shares of the company’s stock worth $2,196,000 after buying an additional 517,528 shares during the last quarter. BlackRock Inc. purchased a new stake in shares of Energy Vault during the 2nd quarter valued at about $52,657,000. Bank of New York Mellon Corp bought a new position in shares of Energy Vault in the 2nd quarter valued at about $1,486,000. J. Goldman & Co LP bought a new position in shares of Energy Vault in the 2nd quarter valued at about $7,085,000. Finally, Tidal Investments LLC lifted its holdings in shares of Energy Vault by 105.9% in the 2nd quarter. Tidal Investments LLC now owns 688,592 shares of the company’s stock valued at $3,243,000 after acquiring an additional 354,220 shares during the last quarter. Institutional investors own 40.03% of the company’s stock.

Energy Vault Price Performance

Shares of NYSE:NRGV opened at $2.60 on Tuesday. 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 firm has a fifty day moving average price of $3.70 and a 200 day moving average price of $3.98. Energy Vault has a fifty-two week low of $2.46 and a fifty-two week high of $6.64. The firm has a market cap of $473.69 million, a price-to-earnings ratio of -3.95 and a beta of 1.25.

Energy Vault (NYSE:NRGV) last posted its earnings results on Tuesday, August 11th. The company reported ($0.17) earnings per share for the quarter, missing the consensus estimate of ($0.14) by ($0.03). The company had revenue of $17.37 million for the quarter, compared to analysts’ expectations of $14.24 million. Energy Vault had a negative net margin of 48.58% and a negative return on equity of 236.83%. As a group, sell-side analysts expect that Energy Vault will post -0.56 earnings per share for the current fiscal year.

Energy Vault Company Profile

Energy Vault Holdings, Inc develops and deploys utility-scale energy storage solutions designed to help integrate renewable power into electric grids. Its technologies are intended to store electricity during periods of excess generation and release it when demand is higher, supporting grid reliability and the broader transition to renewable energy.

The company’s portfolio includes gravity-based energy storage systems, battery energy storage systems and hybrid configurations. Its gravity storage platform, including the EVx system, uses mechanical processes to store and discharge energy, while its battery offerings are designed for applications such as renewable energy integration, capacity management and grid balancing.