Heritage Investors Management Corp Takes $95,000 Position in Nuvve Holding Corp. $NVVE

Heritage Investors Management Corp acquired a new position in shares of Nuvve Holding Corp. (NASDAQ:NVVE) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 100,000 shares of the company’s stock, valued at approximately $95,000.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on NVVE shares. Weiss Ratings reiterated a “sell (e+)” rating on shares of Nuvve in a research note on Wednesday, October 8th. Wall Street Zen cut shares of Nuvve from a “hold” rating to a “sell” rating in a report on Saturday, August 16th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company currently has an average rating of “Sell”.

Nuvve Stock Performance

Shares of NVVE stock opened at $0.21 on Friday. The firm’s 50-day moving average is $0.28 and its 200-day moving average is $0.72. The stock has a market cap of $4.29 million, a price-to-earnings ratio of -0.01 and a beta of 2.07. Nuvve Holding Corp. has a 52-week low of $0.18 and a 52-week high of $5.02.

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

Insider Activity

In other Nuvve news, CEO Gregory Poilasne sold 200,000 shares of the stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $0.47, for a total value of $94,000.00. Following the transaction, the chief executive officer directly owned 333,475 shares of the company’s stock, valued at $156,733.25. This represents a 37.49% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 10.59% of the company’s stock.

Nuvve Profile

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.