Virtu Financial LLC Takes Position in Energy Vault Holdings, Inc. (NYSE:NRGV)

Virtu Financial LLC purchased a new position in Energy Vault Holdings, Inc. (NYSE:NRGV) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 11,875 shares of the company’s stock, valued at approximately $27,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Charles Schwab Investment Management Inc. boosted its holdings in shares of Energy Vault by 44.2% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 889,493 shares of the company’s stock valued at $2,028,000 after acquiring an additional 272,465 shares during the period. Geode Capital Management LLC grew its position in Energy Vault by 8.5% in the 3rd quarter. Geode Capital Management LLC now owns 2,273,042 shares of the company’s stock worth $2,182,000 after purchasing an additional 177,214 shares during the last quarter. Barclays PLC increased its stake in shares of Energy Vault by 225.2% in the third quarter. Barclays PLC now owns 143,759 shares of the company’s stock valued at $137,000 after purchasing an additional 99,550 shares during the period. Intech Investment Management LLC bought a new stake in shares of Energy Vault during the fourth quarter valued at approximately $114,000. Finally, State Street Corp boosted its position in shares of Energy Vault by 1.1% during the third quarter. State Street Corp now owns 1,850,702 shares of the company’s stock worth $1,777,000 after buying an additional 20,915 shares during the period. Institutional investors and hedge funds own 40.03% of the company’s stock.

Energy Vault Stock Performance

NRGV opened at $0.89 on Wednesday. The company has a market capitalization of $135.84 million, a PE ratio of -1.37 and a beta of 0.45. The stock’s fifty day moving average is $1.38 and its 200-day moving average is $1.56. Energy Vault Holdings, Inc. has a one year low of $0.63 and a one year high of $2.70.

Energy Vault (NYSE:NRGV) last issued its quarterly earnings results on Monday, March 17th. The company reported ($0.35) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.14) by ($0.21). The business had revenue of $38.95 million during the quarter, compared to analyst estimates of $42.51 million. Energy Vault had a negative net margin of 73.37% and a negative return on equity of 47.41%. On average, equities research analysts forecast that Energy Vault Holdings, Inc. will post -0.64 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms recently commented on NRGV. The Goldman Sachs Group lowered their target price on Energy Vault from $1.00 to $0.75 and set a “sell” rating on the stock in a research report on Wednesday, March 19th. Roth Mkm cut their price objective on shares of Energy Vault from $2.50 to $1.50 and set a “buy” rating on the stock in a research note on Thursday, March 20th. Finally, TD Cowen decreased their target price on shares of Energy Vault from $2.50 to $2.00 and set a “buy” rating for the company in a research report on Tuesday, March 18th. Two analysts have rated the stock with a sell rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Energy Vault currently has an average rating of “Hold” and a consensus price target of $1.60.

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.