Nuvve (NASDAQ:NVVE) Given Sell (E+) Rating at Weiss Ratings

Nuvve (NASDAQ:NVVE)‘s stock had its “sell (e+)” rating reissued by analysts at Weiss Ratings in a research note issued on Saturday,Weiss Ratings reports.

Separately, Wall Street Zen cut shares of Nuvve from a “hold” rating to a “sell” rating in a research report on Saturday, August 16th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, Nuvve presently has an average rating of “Sell”.

Nuvve Stock Up 4.7%

Shares of Nuvve stock opened at $0.23 on Friday. Nuvve has a twelve month low of $0.18 and a twelve month high of $5.02. The company has a 50-day simple moving average of $0.30 and a two-hundred day simple moving average of $0.74. The stock has a market capitalization of $4.58 million, a price-to-earnings ratio of -0.02 and a beta of 2.07.

Nuvve (NASDAQ:NVVE) last issued its quarterly earnings data on Thursday, August 14th. The company reported ($2.21) earnings per share for the quarter. The business had revenue of $0.33 million for the quarter.

Insider Activity at Nuvve

In other news, CEO Gregory Poilasne sold 200,000 shares of the business’s stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $0.47, for a total value of $94,000.00. Following the completion of the transaction, the chief executive officer directly owned 333,475 shares in the company, valued at approximately $156,733.25. The trade was a 37.49% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 10.59% of the company’s stock.

Institutional Investors Weigh In On Nuvve

A hedge fund recently bought a new stake in Nuvve stock. Heritage Investors Management Corp purchased a new stake in shares of Nuvve Holding Corp. (NASDAQ:NVVE) during the 2nd quarter, according to its most recent disclosure with the SEC. The fund purchased 100,000 shares of the company’s stock, valued at approximately $95,000. Heritage Investors Management Corp owned about 0.68% of Nuvve at the end of the most recent quarter. Institutional investors and hedge funds own 19.01% of the company’s stock.

About Nuvve

Nuvve Holding Corp., a green energy technology company, provides commercial vehicle-to-grid (V2G) technology platform in the United States, the United Kingdom, France, and Denmark. The company offers Grid Integrated Vehicle platform, which enables electric vehicle (EV) batteries to store and resell unused energy back to the local electric grid and provide other grid services, as well as allows EV owners to meet the energy demands of individual vehicles and entire fleets.