EnerNOC, Inc. (ENOC) Receives Consensus Recommendation of “Hold” from Analysts
EnerNOC, Inc. (NASDAQ:ENOC) has received a consensus rating of “Hold” from the six research firms that are currently covering the firm, MarketBeat.com reports. Six equities research analysts have rated the stock with a hold recommendation. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $7.84.
A number of equities analysts recently commented on the stock. Zacks Investment Research cut shares of EnerNOC from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 11th. Needham & Company LLC cut shares of EnerNOC from a “buy” rating to a “hold” rating in a research note on Monday, June 26th. Canaccord Genuity reaffirmed a “hold” rating and set a $7.67 price target on shares of EnerNOC in a research note on Friday, June 23rd. Raymond James Financial, Inc. reaffirmed a “market perform” rating on shares of EnerNOC in a research note on Friday, June 23rd. Finally, Robert W. Baird cut shares of EnerNOC from an “outperform” rating to a “neutral” rating and dropped their price target for the stock from $11.00 to $8.00 in a research note on Friday, June 23rd.
Large investors have recently added to or reduced their stakes in the stock. Vivaldi Capital Management LLC bought a new stake in EnerNOC during the second quarter valued at about $2,240,000. Nine Chapters Capital Management LLC bought a new stake in EnerNOC during the first quarter valued at about $103,000. Alliancebernstein L.P. bought a new stake in EnerNOC during the second quarter valued at about $144,000. Nationwide Fund Advisors boosted its stake in EnerNOC by 21.8% in the first quarter. Nationwide Fund Advisors now owns 23,592 shares of the business services provider’s stock valued at $142,000 after buying an additional 4,223 shares during the period. Finally, JPMorgan Chase & Co. boosted its stake in EnerNOC by 276.5% in the second quarter. JPMorgan Chase & Co. now owns 24,038 shares of the business services provider’s stock valued at $187,000 after buying an additional 17,653 shares during the period. 49.66% of the stock is owned by institutional investors.
EnerNOC (NASDAQ:ENOC) opened at 7.65 on Friday. EnerNOC has a 52 week low of $4.80 and a 52 week high of $7.78. The company’s market capitalization is $225.45 million. The stock’s 50 day moving average is $7.61 and its 200 day moving average is $6.10.
EnerNOC (NASDAQ:ENOC) last released its quarterly earnings results on Tuesday, May 9th. The business services provider reported ($0.92) EPS for the quarter, topping analysts’ consensus estimates of ($1.36) by $0.44. EnerNOC had a negative net margin of 10.51% and a negative return on equity of 42.33%. The firm had revenue of $48.10 million during the quarter, compared to analysts’ expectations of $44.73 million. During the same period in the previous year, the company earned ($1.41) EPS. The firm’s revenue for the quarter was down 9.9% compared to the same quarter last year. On average, equities research analysts expect that EnerNOC will post ($2.33) earnings per share for the current year.
EnerNOC Company Profile
EnerNOC, Inc is a provider of energy intelligence software (EIS) and demand response solutions. The Company’s EIS provides enterprise solutions, utility solutions and energy procurement solutions. The Company’s EIS offers enterprise customers with a Software-as-a-Service (SaaS) solutions with various areas of functionalities, including energy cost visualization, budgets, forecasts and accruals; project tracking, and demand management.
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