AirJoule Technologies Corporation (NASDAQ:AIRJ) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of AirJoule Technologies Corporation (NASDAQ:AIRJ) have been assigned an average recommendation of “Moderate Buy” from the five analysts that are covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, three have given a buy rating and one has given a strong buy rating to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $9.50.

AIRJ has been the subject of a number of analyst reports. UBS Group set a $7.00 price objective on shares of AirJoule Technologies in a research note on Monday. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of AirJoule Technologies in a research report on Monday, December 15th. Lucid Cap Mkts raised AirJoule Technologies to a “strong-buy” rating in a report on Monday. Finally, LADENBURG THALM/SH SH initiated coverage on AirJoule Technologies in a report on Tuesday, December 16th. They set a “buy” rating and a $8.00 price target on the stock.

Insider Transactions at AirJoule Technologies

In related news, Director Stuart D. Porter purchased 264,150 shares of AirJoule Technologies stock in a transaction dated Wednesday, December 10th. The stock was purchased at an average cost of $2.95 per share, for a total transaction of $779,242.50. Following the completion of the purchase, the director directly owned 623,033 shares of the company’s stock, valued at $1,837,947.35. The trade was a 73.60% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Thomas Edward Murphy acquired 14,450 shares of the stock in a transaction that occurred on Friday, December 12th. The shares were bought at an average price of $3.40 per share, for a total transaction of $49,130.00. Following the transaction, the director owned 31,950 shares of the company’s stock, valued at $108,630. This trade represents a 82.57% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. In the last ninety days, insiders have bought 387,264 shares of company stock worth $1,135,297. Insiders own 40.39% of the company’s stock.

Hedge Funds Weigh In On AirJoule Technologies

A number of institutional investors and hedge funds have recently modified their holdings of the company. Group One Trading LLC lifted its holdings in AirJoule Technologies by 45.6% in the third quarter. Group One Trading LLC now owns 13,100 shares of the company’s stock valued at $61,000 after acquiring an additional 4,100 shares during the period. Police & Firemen s Retirement System of New Jersey bought a new stake in shares of AirJoule Technologies during the 2nd quarter valued at about $29,000. Nisa Investment Advisors LLC purchased a new stake in shares of AirJoule Technologies during the 2nd quarter valued at about $29,000. Raymond James Financial Inc. bought a new position in shares of AirJoule Technologies in the 2nd quarter worth approximately $31,000. Finally, UBS Group AG boosted its holdings in shares of AirJoule Technologies by 5.6% in the third quarter. UBS Group AG now owns 138,678 shares of the company’s stock worth $650,000 after buying an additional 7,374 shares during the last quarter. 63.65% of the stock is currently owned by hedge funds and other institutional investors.

AirJoule Technologies Trading Up 18.2%

Shares of NASDAQ:AIRJ opened at $3.96 on Tuesday. The stock has a fifty day simple moving average of $4.19 and a two-hundred day simple moving average of $4.52. AirJoule Technologies has a 12-month low of $2.61 and a 12-month high of $10.01. The stock has a market capitalization of $240.29 million, a price-to-earnings ratio of -26.40 and a beta of 0.49.

AirJoule Technologies (NASDAQ:AIRJ) last issued its quarterly earnings results on Thursday, November 13th. The company reported ($0.07) earnings per share for the quarter, beating the consensus estimate of ($0.10) by $0.03. As a group, equities research analysts predict that AirJoule Technologies will post 4.97 EPS for the current year.

About AirJoule Technologies

Montana Technologies Corporation operates as an atmospheric renewable energy and water harvesting technology company. It provides energy and dehumidification, evaporative cooling, and atmospheric water generation through its AirJoule technology. The company is headquartered in Ronan, Montana.