LADENBURG THALM/SH SH Initiates Coverage on AirJoule Technologies (NASDAQ:AIRJ)

Investment analysts at LADENBURG THALM/SH SH began coverage on shares of AirJoule Technologies (NASDAQ:AIRJ) in a research note issued to investors on Tuesday, MarketBeat.com reports. The firm set a “buy” rating and a $8.00 price target on the stock. LADENBURG THALM/SH SH’s price target points to a potential upside of 131.88% from the stock’s current price.

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of AirJoule Technologies in a research note on Monday, December 8th. Three equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $10.33.

AirJoule Technologies Stock Down 2.8%

NASDAQ:AIRJ opened at $3.45 on Tuesday. The business’s 50-day moving average price is $4.28 and its 200 day moving average price is $4.53. AirJoule Technologies has a 52-week low of $2.61 and a 52-week high of $10.48. The firm has a market cap of $209.35 million, a P/E ratio of -23.00 and a beta of 0.48.

AirJoule Technologies (NASDAQ:AIRJ) last issued its quarterly earnings results on Thursday, November 13th. The company reported ($0.07) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.10) by $0.03. Sell-side analysts expect that AirJoule Technologies will post 4.97 EPS for the current year.

Insider Transactions at AirJoule Technologies

In related news, Director Stuart D. Porter acquired 264,150 shares of the business’s stock in a transaction on Wednesday, December 10th. The shares were purchased at an average price of $2.95 per share, for a total transaction of $779,242.50. Following the acquisition, the director owned 623,033 shares in the company, valued at approximately $1,837,947.35. This represents a 73.60% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Thomas Edward Murphy acquired 17,500 shares of AirJoule Technologies stock in a transaction on Wednesday, December 10th. The shares were purchased at an average cost of $2.86 per share, with a total value of $50,050.00. Following the completion of the purchase, the director directly owned 17,500 shares of the company’s stock, valued at approximately $50,050. This represents a ∞ increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders purchased a total of 387,264 shares of company stock worth $1,135,297 in the last three months. 58.00% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On AirJoule Technologies

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Group One Trading LLC grew its position in AirJoule Technologies by 45.6% during the 3rd quarter. Group One Trading LLC now owns 13,100 shares of the company’s stock worth $61,000 after purchasing an additional 4,100 shares in the last quarter. Police & Firemen s Retirement System of New Jersey acquired a new stake in shares of AirJoule Technologies in the second quarter worth $29,000. Nisa Investment Advisors LLC purchased a new position in shares of AirJoule Technologies during the second quarter valued at $29,000. Raymond James Financial Inc. acquired a new position in AirJoule Technologies during the second quarter valued at $31,000. Finally, UBS Group AG lifted its stake in AirJoule Technologies by 5.6% in the 3rd quarter. UBS Group AG now owns 138,678 shares of the company’s stock worth $650,000 after acquiring an additional 7,374 shares in the last quarter. Institutional investors and hedge funds 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.