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Ameresco (NASDAQ:AMRC) Director Francis V. Wisneski, Jr. bought 3,000 shares of the company’s stock in a transaction that occurred on Monday, August 4th. The shares were purchased at an average price of $7.75 per share, with a total value of $23,250.00. Following the transaction, the director now directly owns 52,535 shares in the company, valued at approximately $407,146. The transaction 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 AMRC shares. Analysts at Canaccord Genuity raised their price target on shares of Ameresco from $8.00 to $9.00 in a research note on Friday, August 1st. Separately, analysts at Zacks upgraded shares of Ameresco from an “underperform” rating to a “neutral” rating in a research note on Tuesday, July 8th. They now have a $7.30 price target on the stock.

Shares of Ameresco (NASDAQ:AMRC) traded up 0.79% during mid-day trading on Wednesday, hitting $7.64. 116,119 shares of the company’s stock traded hands. Ameresco has a 52-week low of $5.59 and a 52-week high of $10.88. The stock’s 50-day moving average is $7.05 and its 200-day moving average is $7.70. The company has a market cap of $354.0 million and a P/E ratio of 842.22.

Ameresco (NASDAQ:AMRC) last issued its quarterly earnings data on Thursday, July 31st. The company reported $0.06 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.03) by $0.09. The company had revenue of $142.60 million for the quarter, compared to the consensus estimate of $122.10 million. During the same quarter in the previous year, the company posted ($0.04) earnings per share. The company’s revenue for the quarter was up 12.9% on a year-over-year basis. Analysts expect that Ameresco will post $0.20 EPS for the current fiscal year.

Ameresco, Inc, is a provider of energy efficiency solutions for facilities throughout North America. The Company’s services include upgrades to a facility’s energy infrastructure and the construction and operation of small-scale renewable energy plants.

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