Insider Selling: David B. Brewster Sells 10,000 Shares of EnerNOC Stock (ENOC)
EnerNOC (NASDAQ:ENOC) President David B. Brewster sold 10,000 shares of the company’s stock on the open market in a transaction that occurred on Monday, June 16th. The shares were sold at an average price of $18.10, for a total transaction of $181,000.00. Following the sale, the president now directly owns 1,107,368 shares in the company, valued at approximately $20,043,361. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
A number of analysts have recently weighed in on ENOC shares. Analysts at Credit Suisse reiterated a “neutral” rating on shares of EnerNOC in a research note on Monday, June 2nd. 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 assigned a hold rating and four have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $20.50.
Shares of EnerNOC (NASDAQ:ENOC) traded up 2.61% on Wednesday, hitting $18.51. 431,832 shares of the company’s stock traded hands. EnerNOC has a 1-year low of $11.58 and a 1-year high of $24.35. The stock’s 50-day moving average is $19.72 and its 200-day moving average is $20.20. The company has a market cap of $520.9 million and a P/E ratio of 23.61.
EnerNOC (NASDAQ:ENOC) last issued its quarterly earnings data on Thursday, May 8th. The company reported ($0.87) earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted ($0.88) earnings per share. The company’s revenue for the quarter 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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