Jefferies Financial Group Inc. Acquires Shares of 160,481 Energy Vault Holdings, Inc. $NRGV

Jefferies Financial Group Inc. bought a new position in Energy Vault Holdings, Inc. (NYSE:NRGV) in the second quarter, HoldingsChannel.com reports. The fund bought 160,481 shares of the company’s stock, valued at approximately $756,000.

A number of other large investors also recently modified their holdings of the stock. Bank of America Corp DE acquired a new stake in shares of Energy Vault in the second quarter valued at approximately $2,348,000. Jupiter Topco LLC bought a new position in Energy Vault in the 2nd quarter worth approximately $193,000. J. Goldman & Co LP acquired a new position in Energy Vault during the 2nd quarter worth $7,085,000. Hsbc Holdings PLC acquired a new position in Energy Vault during the 2nd quarter worth $57,000. Finally, Legal & General Group Plc bought a new position in Energy Vault in the 2nd quarter valued at $25,508,000. 40.03% of the stock is currently owned by institutional investors and hedge funds.

Energy Vault Price Performance

Shares of NRGV stock opened at $3.59 on Monday. Energy Vault Holdings, Inc. has a 52-week low of $1.73 and a 52-week high of $6.64. The stock has a market cap of $652.81 million, a PE ratio of -5.44 and a beta of 1.21. The company has a debt-to-equity ratio of 24.07, a quick ratio of 1.19 and a current ratio of 1.19. The firm’s 50 day moving average price is $3.58 and its two-hundred day moving average price is $3.87.

Energy Vault (NYSE:NRGV) last issued its earnings results on Tuesday, August 11th. The company reported ($0.17) EPS for the quarter, missing the consensus estimate of ($0.14) by ($0.03). The business had revenue of $17.37 million for the quarter, compared to the consensus estimate of $14.24 million. Energy Vault had a negative net margin of 48.58% and a negative return on equity of 236.83%. As a group, analysts forecast that Energy Vault Holdings, Inc. will post -0.56 EPS for the current year.

Analysts Set New Price Targets

NRGV has been the subject of several research reports. Fundamental Research set a $8.03 target price on Energy Vault and gave the company a “buy” rating in a research note on Tuesday, August 18th. Roth Capital reaffirmed a “buy” rating and set a $7.00 price target (up from $5.00) on shares of Energy Vault in a research note on Wednesday, August 12th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $7.00 price target on shares of Energy Vault in a report on Wednesday, August 12th. Zacks Research upgraded Energy Vault from a “strong sell” rating to a “hold” rating in a research report on Monday, July 6th. Finally, Citigroup boosted their price objective on Energy Vault from $5.00 to $6.00 and gave the stock a “buy” rating in a report on Thursday, August 20th. Four research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $6.01.

Insider Transactions at Energy Vault

In related news, Director Dylan Hixon acquired 85,518 shares of the company’s stock in a transaction that occurred on Friday, August 14th. The stock was acquired at an average price of $3.74 per share, for a total transaction of $319,837.32. Following the completion of the acquisition, the director owned 31,864 shares of the company’s stock, valued at $119,171.36. This trade represents a -159.39% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Stephanie Unwin sold 115,000 shares of the stock in a transaction dated Wednesday, August 26th. The shares were sold at an average price of $3.71, for a total value of $426,650.00. Following the completion of the transaction, the director directly owned 182,245 shares in the company, valued at $676,128.95. The trade was a 38.69% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 17.20% of the stock is owned by corporate insiders.

Energy Vault Company Profile

Energy Vault is a global energy storage technology company specializing in long-duration, gravity-based energy storage solutions. Founded in 2017 and headquartered in Lugano, Switzerland, the firm has developed a modular system that uses large composite blocks and a proprietary crane system to convert excess renewable energy into gravitational potential energy. When energy demand peaks, the system lowers the blocks to generate electricity through regenerative braking, offering a dispatchable, carbon-free alternative to traditional battery storage.

The company’s flagship product line, EVx, integrates advanced materials science, software-driven controls and artificial intelligence to optimize charge and discharge cycles.