AirJoule Technologies (NASDAQ:AIRJ) Now Covered by Seaport Research Partners

Research analysts at Seaport Research Partners began coverage on shares of AirJoule Technologies (NASDAQ:AIRJ) in a report issued on Friday,Benzinga reports. The firm set a “buy” rating and a $7.00 price target on the stock. Seaport Research Partners’ price objective points to a potential upside of 101.15% from the stock’s current price.

Several other brokerages also recently weighed in on AIRJ. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of AirJoule Technologies in a report on Friday, March 27th. B. Riley Financial initiated coverage on shares of AirJoule Technologies in a report on Thursday, April 30th. They issued a “buy” rating and a $6.00 target price on the stock. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, AirJoule Technologies has an average rating of “Moderate Buy” and an average target price of $7.00.

AirJoule Technologies Price Performance

Shares of NASDAQ:AIRJ opened at $3.48 on Friday. The company’s fifty day moving average price is $3.14 and its 200 day moving average price is $3.57. AirJoule Technologies has a 12 month low of $2.22 and a 12 month high of $6.75. The firm has a market capitalization of $238.21 million, a P/E ratio of -24.86 and a beta of 0.72.

AirJoule Technologies (NASDAQ:AIRJ) last announced its quarterly earnings results on Monday, March 30th. The company reported ($0.37) EPS for the quarter, missing the consensus estimate of ($0.09) by ($0.28). On average, sell-side analysts anticipate that AirJoule Technologies will post -0.37 EPS for the current year.

Institutional Trading of AirJoule Technologies

Several institutional investors and hedge funds have recently modified their holdings of the business. Corient Private Wealth LLC lifted its holdings in shares of AirJoule Technologies by 8.3% in the fourth quarter. Corient Private Wealth LLC now owns 1,788,563 shares of the company’s stock valued at $7,047,000 after purchasing an additional 137,337 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of AirJoule Technologies by 6.8% in the third quarter. Vanguard Group Inc. now owns 1,162,542 shares of the company’s stock valued at $5,452,000 after purchasing an additional 73,661 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of AirJoule Technologies by 5.0% in the fourth quarter. Geode Capital Management LLC now owns 584,590 shares of the company’s stock valued at $2,304,000 after purchasing an additional 27,648 shares in the last quarter. Vident Advisory LLC purchased a new stake in shares of AirJoule Technologies in the fourth quarter valued at about $1,849,000. Finally, State Street Corp lifted its holdings in shares of AirJoule Technologies by 45.1% in the fourth quarter. State Street Corp now owns 416,263 shares of the company’s stock valued at $1,640,000 after purchasing an additional 129,418 shares in the last quarter. Hedge funds and other institutional investors own 63.65% of the company’s stock.

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.