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Investment analysts at Needham & Company increased their price objective on shares of EnerNOC (NASDAQ:ENOC) from $20.00 to $28.00 in a note issued to investors on Friday, AmericanBankingNews.com reports. The firm currently has a “buy” rating on the stock. Needham & Company’s price target indicates a potential upside of 22.27% from the company’s current price.

In other EnerNOC news, CEO Timothy Healy sold 15,000 shares of EnerNOC stock on the open market in a transaction that occurred on Wednesday, January 22nd. The stock was sold at an average price of $21.64, for a total transaction of $324,600.00. Following the transaction, the chief executive officer now directly owns 1,040,377 shares of the company’s stock, valued at approximately $22,513,758. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Several other analysts have also recently commented on the stock. Analysts at JPMorgan Chase & Co. downgraded shares of EnerNOC from an “overweight” rating to a “neutral” rating in a research note to investors on Thursday, January 9th. They now have a $19.50 price target on the stock. Separately, analysts at Canaccord Genuity reiterated a “buy” rating on shares of EnerNOC in a research note to investors on Friday, January 3rd. They now have a $16.98 price target on the stock, down previously from $30.00. Finally, analysts at Macquarie raised their price target on shares of EnerNOC from $16.00 to $19.00 in a research note to investors on Wednesday, November 20th. They now have a “neutral” rating on the stock. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Hold” and an average price target of $17.15.

EnerNOC (NASDAQ:ENOC) traded down 2.18% during mid-day trading on Friday, hitting $22.40. The stock had a trading volume of 336,295 shares. EnerNOC has a 52-week low of $11.58 and a 52-week high of $23.45. The stock’s 50-day moving average is $19.5 and its 200-day moving average is $16.64. The company has a market cap of $618.6 million and a P/E ratio of 39.08.

EnerNOC (NASDAQ:ENOC) last announced its earnings results on Thursday, November 7th. The company reported $3.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.55 by $0.35. The company had revenue of $278.47 million for the quarter, compared to the consensus estimate of $270.81 million. During the same quarter in the previous year, the company posted $2.40 earnings per share. The company’s revenue for the quarter was up 56.5% on a year-over-year basis. Analysts expect that EnerNOC will post $0.73 EPS for the current fiscal year.

EnerNOC, Inc (NASDAQ:ENOC) is a provider of energy management applications, services and products for the smart grid, which include demand response, data-driven energy efficiency, and energy price and risk management applications, services and products.

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