Brokerages Set AirJoule Technologies Corporation (NASDAQ:AIRJ) PT at $9.50

Shares of AirJoule Technologies Corporation (NASDAQ:AIRJ) have received an average recommendation of “Moderate Buy” from the five research firms that are presently covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, three have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $9.50.

A number of research firms have commented on AIRJ. Lucid Cap Mkts upgraded AirJoule Technologies to a “strong-buy” rating in a research report on Monday, December 22nd. LADENBURG THALM/SH SH assumed coverage on AirJoule Technologies in a research report on Tuesday, December 16th. They set a “buy” rating and a $8.00 price objective for the company. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of AirJoule Technologies in a research report on Monday, December 29th. Finally, UBS Group set a $7.00 price target on shares of AirJoule Technologies in a research report on Monday, December 22nd.

AirJoule Technologies Trading Up 8.8%

AirJoule Technologies stock opened at $3.60 on Friday. The company has a 50-day moving average price of $3.61 and a 200 day moving average price of $4.41. AirJoule Technologies has a 12-month low of $2.61 and a 12-month high of $9.20. The stock has a market cap of $218.45 million, a P/E ratio of -24.00 and a beta of 0.46.

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

Insider Buying and Selling

In other news, Director Thomas Edward Murphy purchased 17,500 shares of the stock in a transaction dated Wednesday, December 10th. The stock was acquired at an average cost of $2.86 per share, for a total transaction of $50,050.00. Following the completion of the transaction, the director directly owned 17,500 shares in the company, valued at approximately $50,050. This represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Also, Chairman Patrick C. Eilers acquired 76,923 shares of the company’s stock in a transaction dated Thursday, January 15th. The stock was purchased at an average cost of $3.25 per share, with a total value of $249,999.75. Following the completion of the purchase, the chairman directly owned 1,860,518 shares of the company’s stock, valued at approximately $6,046,683.50. This represents a 4.31% increase in their position. The disclosure for this purchase is available in the SEC filing. In the last quarter, insiders purchased 625,725 shares of company stock valued at $1,910,296. Company insiders own 58.00% of the company’s stock.

Institutional Trading of AirJoule Technologies

Hedge funds have recently modified their holdings of the stock. Wealthspire Advisors LLC acquired a new position in AirJoule Technologies during the second quarter worth approximately $232,000. Belvedere Trading LLC purchased a new position in shares of AirJoule Technologies during the second quarter worth approximately $81,000. Vision Capital Management Inc. acquired a new position in shares of AirJoule Technologies in the 2nd quarter valued at $95,000. Goldman Sachs Group Inc. increased its holdings in shares of AirJoule Technologies by 46.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 85,150 shares of the company’s stock valued at $393,000 after acquiring an additional 26,995 shares during the period. Finally, Corton Capital Inc. purchased a new stake in AirJoule Technologies in the 2nd quarter valued at $48,000. 63.65% of the stock is currently owned by institutional investors and hedge funds.

AirJoule Technologies Company Profile

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.