Mesirow Financial Investment Management Inc. Buys 20,000 Shares of Energy Vault Holdings, Inc. (NYSE:NRGV)

Mesirow Financial Investment Management Inc. boosted its position in Energy Vault Holdings, Inc. (NYSE:NRGV) by 33.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 80,000 shares of the company’s stock after purchasing an additional 20,000 shares during the period. Mesirow Financial Investment Management Inc. owned about 0.05% of Energy Vault worth $76,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Bank of New York Mellon Corp boosted its position in Energy Vault by 21.8% during the second quarter. Bank of New York Mellon Corp now owns 341,909 shares of the company’s stock worth $325,000 after purchasing an additional 61,135 shares during the period. Jacobs Levy Equity Management Inc. purchased a new position in Energy Vault in the 1st quarter valued at approximately $91,000. Vanguard Group Inc. raised its holdings in Energy Vault by 2.7% during the 1st quarter. Vanguard Group Inc. now owns 1,675,361 shares of the company’s stock valued at $2,999,000 after acquiring an additional 43,764 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Energy Vault by 17.4% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 242,541 shares of the company’s stock worth $434,000 after acquiring an additional 35,935 shares in the last quarter. Finally, CenterBook Partners LP bought a new position in shares of Energy Vault in the fourth quarter worth $260,000. 40.03% of the stock is owned by institutional investors.

Energy Vault Stock Performance

Energy Vault stock opened at $1.00 on Thursday. The stock has a market cap of $148.37 million, a P/E ratio of -1.66 and a beta of 0.66. Energy Vault Holdings, Inc. has a fifty-two week low of $0.78 and a fifty-two week high of $3.22. The firm’s fifty day moving average price is $1.01 and its 200-day moving average price is $1.22.

Energy Vault (NYSE:NRGV) last announced its earnings results on Tuesday, August 6th. The company reported ($0.18) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.07). The business had revenue of $3.77 million during the quarter, compared to the consensus estimate of $16.65 million. Energy Vault had a negative return on equity of 40.67% and a negative net margin of 29.29%. During the same quarter in the prior year, the company earned ($0.18) earnings per share. Sell-side analysts predict that Energy Vault Holdings, Inc. will post -0.6 earnings per share for the current year.

Analysts Set New Price Targets

Separately, Roth Mkm decreased their price objective on Energy Vault from $2.50 to $2.00 and set a “buy” rating on the stock in a research note on Thursday, August 8th. Two research analysts have rated the stock with a sell rating and four have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $2.25.

About Energy Vault

Energy Vault Holdings, Inc develops and sells energy storage solutions. The company offers B-Vault, an electrochemical battery energy storage systems for shorter-duration energy storage needs; G-Vault, a proprietary gravity energy storage solution, including EVx solution; and H-Vault, a hybrid energy storage systems including systems that integrate green hydrogen.