EnerNOC SVP Unloads $189,400 in Stock (ENOC)
EnerNOC (NASDAQ:ENOC) SVP Gregg Dixon sold 10,000 shares of the stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $18.94, for a total transaction of $189,400.00. Following the transaction, the senior vice president now directly owns 369,743 shares in the company, valued at approximately $7,002,932. The transaction was disclosed in a document filed with the SEC, which is available at this link.
EnerNOC (NASDAQ:ENOC) traded up 1.89% on Thursday, hitting $18.82. 256,911 shares of the company’s stock traded hands. EnerNOC has a 1-year low of $13.97 and a 1-year high of $24.35. The stock’s 50-day moving average is $18.47 and its 200-day moving average is $20.37. The company has a market cap of $529.6 million and a price-to-earnings ratio of 24.18.
EnerNOC (NASDAQ:ENOC) last issued its quarterly 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.
A number of research firms have recently commented on ENOC. 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 equities research analyst has rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $20.50.
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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