Insider Buying: Energy Vault (NYSE:NRGV) Director Buys $319,837.32 in Stock

Energy Vault Holdings, Inc. (NYSE:NRGV) Director Dylan Hixon acquired 85,518 shares of the company’s stock in a transaction on Friday, August 14th. The stock was acquired at an average cost of $3.74 per share, with a total value of $319,837.32. Following the completion of the purchase, the director directly owned 31,864 shares in the company, valued at approximately $119,171.36. This represents a -159.39% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this link.

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

• On Monday, August 17th, Dylan Hixon bought 27,472 shares of Energy Vault stock. The shares were acquired at an average price of $3.88 per share, for a total transaction of $106,591.36.

Energy Vault Trading Up 6.7%

NRGV opened at $3.90 on Thursday. The firm has a market cap of $694.28 million, a P/E ratio of -5.90 and a beta of 1.21. Energy Vault Holdings, Inc. has a 12 month low of $1.40 and a 12 month high of $6.64. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 24.07. The stock has a 50-day moving average of $3.64 and a 200 day moving average of $3.91.

Energy Vault (NYSE:NRGV) last issued its quarterly earnings data on Tuesday, August 11th. The company reported ($0.17) earnings per share (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 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, research analysts forecast that Energy Vault Holdings, Inc. will post -0.56 EPS for the current year.

Institutional Investors Weigh In On Energy Vault

A number of institutional investors and hedge funds have recently added to or reduced their stakes in NRGV. Forte Asset Management LLC purchased a new stake in Energy Vault in the 1st quarter valued at about $33,000. Quantbot Technologies LP bought a new stake in shares of Energy Vault during the second quarter valued at approximately $50,000. Kovack Advisors Inc. bought a new stake in shares of Energy Vault during the fourth quarter valued at approximately $49,000. Hsbc Holdings PLC purchased a new stake in shares of Energy Vault in the fourth quarter valued at approximately $53,000. Finally, Mercer Global Advisors Inc. ADV purchased a new stake in shares of Energy Vault in the third quarter valued at approximately $36,000. Institutional investors own 40.03% of the company’s stock.

Analysts Set New Price Targets

NRGV has been the subject of several recent analyst reports. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $7.00 price objective on shares of Energy Vault in a research note on Wednesday, August 12th. Wall Street Zen downgraded shares of Energy Vault from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 15th. Citigroup upgraded shares of Energy Vault from a “neutral” rating to a “buy” rating and lowered their target price for the stock from $5.25 to $5.00 in a report on Wednesday, July 22nd. Roth Capital reiterated a “buy” rating and set a $7.00 price target (up from $5.00) on shares of Energy Vault in a report on Wednesday, August 12th. Finally, Weiss Ratings lowered shares of Energy Vault from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Wednesday, August 12th. Four investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $5.81.

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.