Analysts Set AirJoule Technologies Corporation (NASDAQ:AIRJ) Target Price at $9.50

AirJoule Technologies Corporation (NASDAQ:AIRJ) has received a consensus rating of “Moderate Buy” from the five brokerages that are covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, three have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $9.50.

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

Insider Buying and Selling

In other AirJoule Technologies news, Director Thomas Edward Murphy purchased 17,500 shares of the firm’s stock in a transaction dated Wednesday, December 10th. The stock was purchased at an average price of $2.86 per share, for a total transaction of $50,050.00. Following the completion of the purchase, the director directly owned 17,500 shares of the company’s stock, valued at $50,050. This trade represents a ? increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Stuart D. Porter bought 264,150 shares of the firm’s stock in a transaction on Wednesday, December 10th. The stock was acquired at an average cost of $2.95 per share, with a total value of $779,242.50. Following the transaction, the director owned 623,033 shares in the company, valued at $1,837,947.35. The trade was a 73.60% increase in their position. The SEC filing for this purchase provides additional information. Insiders have bought a total of 625,725 shares of company stock worth $1,910,296 in the last quarter. Corporate insiders own 58.00% 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. Geode Capital Management LLC increased its holdings in AirJoule Technologies by 111.1% during the second quarter. Geode Capital Management LLC now owns 517,203 shares of the company’s stock valued at $2,395,000 after buying an additional 272,253 shares during the last quarter. Renaissance Technologies LLC raised its holdings in AirJoule Technologies by 417.1% in the 4th quarter. Renaissance Technologies LLC now owns 287,500 shares of the company’s stock worth $1,133,000 after purchasing an additional 231,900 shares during the period. Marshall Wace LLP lifted its position in AirJoule Technologies by 160.9% during the fourth quarter. Marshall Wace LLP now owns 314,948 shares of the company’s stock valued at $1,241,000 after purchasing an additional 194,212 shares in the last quarter. GWN Securities Inc. bought a new stake in AirJoule Technologies during the fourth quarter valued at about $604,000. Finally, State Street Corp increased its position in AirJoule Technologies by 45.1% in the fourth quarter. State Street Corp now owns 416,263 shares of the company’s stock worth $1,640,000 after buying an additional 129,418 shares in the last quarter. 63.65% of the stock is currently owned by hedge funds and other institutional investors.

AirJoule Technologies Price Performance

Shares of NASDAQ AIRJ opened at $3.22 on Wednesday. AirJoule Technologies has a one year low of $2.61 and a one year high of $8.45. The firm’s 50 day simple moving average is $3.55 and its two-hundred day simple moving average is $4.25. The stock has a market capitalization of $195.39 million, a P/E ratio of -21.47 and a beta of 0.45.

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