Nuvve (NASDAQ:NVVE) Trading Up 8.8%

Shares of Nuvve Holding Corp. (NASDAQ:NVVEGet Rating) were up 8.8% on Tuesday . The stock traded as high as $8.78 and last traded at $8.68. Approximately 351,003 shares changed hands during mid-day trading, an increase of 78% from the average daily volume of 197,311 shares. The stock had previously closed at $7.98.

Separately, Zacks Investment Research raised shares of Nuvve from a “sell” rating to a “hold” rating in a report on Thursday, January 13th.

The firm has a market cap of $170.40 million, a price-to-earnings ratio of -5.33 and a beta of 1.58. The firm’s fifty day moving average is $7.49 and its two-hundred day moving average is $10.17.

Nuvve (NASDAQ:NVVEGet Rating) last issued its quarterly earnings results on Thursday, March 31st. The company reported ($0.46) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.35) by ($0.11). Nuvve had a negative net margin of 643.27% and a negative return on equity of 33.65%. During the same quarter last year, the company earned ($0.11) earnings per share. As a group, research analysts predict that Nuvve Holding Corp. will post -1.01 earnings per share for the current year.

In other Nuvve news, CEO Gregory Poilasne sold 71,104 shares of the company’s stock in a transaction dated Friday, April 8th. The shares were sold at an average price of $9.18, for a total value of $652,734.72. Following the completion of the sale, the chief executive officer now directly owns 1,183,315 shares of the company’s stock, valued at approximately $10,862,831.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 8.20% of the stock is currently owned by corporate insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of NVVE. Baird Financial Group Inc. acquired a new stake in Nuvve during the 4th quarter worth about $3,033,000. Goldman Sachs Group Inc. increased its holdings in shares of Nuvve by 44.9% in the 3rd quarter. Goldman Sachs Group Inc. now owns 676,514 shares of the company’s stock valued at $7,306,000 after purchasing an additional 209,751 shares during the period. State Street Corp increased its holdings in shares of Nuvve by 467.8% in the 4th quarter. State Street Corp now owns 212,923 shares of the company’s stock valued at $2,836,000 after purchasing an additional 175,423 shares during the period. Yaupon Capital Management LP acquired a new position in shares of Nuvve in the 3rd quarter valued at about $1,820,000. Finally, Caledonia Private Investments Pty Ltd acquired a new position in shares of Nuvve in the 4th quarter valued at about $1,130,000. Hedge funds and other institutional investors own 23.97% of the company’s stock.

Nuvve Company Profile (NASDAQ:NVVE)

Nuvve Holding Corp., a green energy technology company, develops and commercializes vehicle-to-grid (V2G) technology in North America, Europe, and Japan. The company offers fleet and electric bus charging solutions, and V1G and V2G charging stations based on Grid Integrated Vehicle, a V2G technology platform that enables electric vehicle (EV) batteries to store and resell unused energy back to the local electric grid and provide other grid services.

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