SG Americas Securities LLC Has $34,000 Stock Holdings in Energy Vault Holdings, Inc. (NYSE:NRGV)

SG Americas Securities LLC boosted its position in shares of Energy Vault Holdings, Inc. (NYSE:NRGV) by 95.5% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 35,601 shares of the company’s stock after purchasing an additional 17,388 shares during the quarter. SG Americas Securities LLC’s holdings in Energy Vault were worth $34,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Jacobs Levy Equity Management Inc. bought a new position in shares of Energy Vault during the first quarter worth $91,000. Mesirow Financial Investment Management Inc. lifted its holdings in Energy Vault by 33.3% during the second quarter. Mesirow Financial Investment Management Inc. now owns 80,000 shares of the company’s stock worth $76,000 after acquiring an additional 20,000 shares in the last quarter. XTX Topco Ltd grew its stake in Energy Vault by 684.0% in the second quarter. XTX Topco Ltd now owns 173,016 shares of the company’s stock valued at $164,000 after acquiring an additional 150,948 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of Energy Vault by 17.4% in 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, Bank of New York Mellon Corp increased its holdings in shares of Energy Vault by 21.8% in the second quarter. Bank of New York Mellon Corp now owns 341,909 shares of the company’s stock worth $325,000 after acquiring an additional 61,135 shares in the last quarter. Institutional investors own 40.03% of the company’s stock.

Energy Vault Trading Down 4.4 %

NRGV stock opened at $1.65 on Wednesday. The stock has a 50-day moving average price of $1.10 and a two-hundred day moving average price of $1.11. Energy Vault Holdings, Inc. has a 1 year low of $0.78 and a 1 year high of $3.22. The stock has a market cap of $247.54 million, a PE ratio of -2.74 and a beta of 0.65.

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

Wall Street Analysts Forecast Growth

Separately, Roth Mkm decreased their price objective on Energy Vault from $2.50 to $2.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. Two investment analysts have rated the stock with a sell rating and four have issued a buy rating to the stock. Based on data from MarketBeat, Energy Vault has an average rating of “Hold” and an average 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.