Shares of Energy Focus Inc. (NASDAQ:EFOI) have earned an average rating of “Hold” from the eight brokerages that are covering the firm. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $8.67.
EFOI has been the topic of several research analyst reports. Oppenheimer Holdings Inc. cut Energy Focus from a “buy” rating to a “hold” rating in a research note on Friday, August 12th. Zacks Investment Research cut Energy Focus from a “hold” rating to a “strong sell” rating in a research note on Monday, August 15th. FBR & Co cut Energy Focus from an “outperform” rating to a “market perform” rating and lowered their target price for the stock from $10.00 to $5.00 in a research note on Monday, August 15th. Benchmark Co. cut Energy Focus from a “buy” rating to a “hold” rating in a research note on Friday, August 12th. Finally, Roth Capital reissued a “neutral” rating and set a $5.00 target price (down from $6.00) on shares of Energy Focus in a research note on Sunday, August 14th.
Energy Focus (NASDAQ:EFOI) opened at 4.56 on Friday. The stock’s market capitalization is $53.31 million. The stock has a 50 day moving average price of $4.19 and a 200 day moving average price of $5.70. Energy Focus has a 52 week low of $3.61 and a 52 week high of $20.00.
Energy Focus (NASDAQ:EFOI) last posted its quarterly earnings data on Thursday, August 11th. The company reported ($0.34) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.09) by $0.25. The firm earned $7.10 million during the quarter, compared to analysts’ expectations of $11.07 million. Energy Focus had a negative net margin of 0.71% and a positive return on equity of 0.35%. The company’s revenue was down 56.2% on a year-over-year basis. Equities analysts forecast that Energy Focus will post ($0.97) EPS for the current year.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Menta Capital LLC boosted its position in Energy Focus by 10.2% in the second quarter. Menta Capital LLC now owns 19,410 shares of the company’s stock valued at $121,000 after buying an additional 1,800 shares in the last quarter. BlackRock Fund Advisors boosted its position in Energy Focus by 48.8% in the second quarter. BlackRock Fund Advisors now owns 25,421 shares of the company’s stock valued at $159,000 after buying an additional 8,334 shares in the last quarter. Vanguard Group Inc. boosted its position in Energy Focus by 59.9% in the second quarter. Vanguard Group Inc. now owns 459,099 shares of the company’s stock valued at $2,865,000 after buying an additional 172,041 shares in the last quarter. Cambridge Investment Research Advisors Inc. acquired a new position in Energy Focus during the second quarter valued at about $380,000. Finally, New Jersey Better Educational Savings Trust acquired a new position in Energy Focus during the second quarter valued at about $300,000. 17.11% of the stock is owned by institutional investors and hedge funds.
Energy Focus Company Profile
Energy Focus, Inc along with its subsidiaries is engaged in the design, development, manufacturing, marketing, installation and sale of lighting systems. The Company is engaged in developing and selling of light-emitting diode (LED) lighting products for military maritime market, and general commercial and industrial markets.
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