EnerNOC SVP Gregg Dixon Unloads 10,000 Shares (ENOC)
EnerNOC (NASDAQ:ENOC) SVP Gregg Dixon sold 10,000 shares of the stock on the open market in a transaction dated Monday, June 2nd. The shares were sold at an average price of $18.47, for a total value of $184,700.00. Following the sale, the senior vice president now directly owns 379,743 shares in the company, valued at approximately $7,013,853. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
ENOC has been the subject of a number of recent research reports. Analysts at Credit Suisse reiterated a “neutral” rating on shares of EnerNOC in a research note on Monday. They now have a $20.00 price target on the stock, down previously from $23.00. Separately, analysts at Zacks downgraded shares of EnerNOC from an “outperform” rating to a “neutral” rating in a research note on Thursday, May 15th. They now have a $25.50 price target on the stock. Finally, analysts at Zacks upgraded shares of EnerNOC from a “neutral” rating to an “outperform” rating in a research note on Wednesday, April 16th. They now have a $23.20 price target on the stock. One analyst has rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $20.50.
Shares of EnerNOC (NASDAQ:ENOC) traded down 3.79% during mid-day trading on Tuesday, hitting $17.25. The stock had a trading volume of 737,238 shares. EnerNOC has a one year low of $11.58 and a one year high of $24.35. The stock’s 50-day moving average is $21.13 and its 200-day moving average is $20.20. The company has a market cap of $485.4 million and a price-to-earnings ratio of 23.47.
EnerNOC (NASDAQ:ENOC) last released its earnings data on Thursday, May 8th. The company reported ($0.87) EPS for the quarter, beating the Thomson Reuters consensus estimate of ($1.15) by $0.28. The company had revenue of $52.50 million for the quarter, compared to the consensus estimate of $40.85 million. During the same quarter in the prior year, the company posted ($0.88) earnings per share. The company’s quarterly revenue was up 59.8% on a year-over-year basis. Analysts expect that EnerNOC will post $0.46 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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