EnerNOC Inc. (NASDAQ:ENOC)‘s stock had its “equal weight” rating reaffirmed by research analysts at Morgan Stanley in a report released on Tuesday.
A number of other research firms have also commented on ENOC. Needham & Company LLC reissued a “buy” rating and issued a $10.00 price target (down from $12.00) on shares of EnerNOC in a research report on Wednesday, August 3rd. Credit Suisse Group AG lowered EnerNOC from an “outperform” rating to a “neutral” rating and lowered their price target for the company from $10.00 to $8.00 in a research report on Tuesday, August 2nd. Zacks Investment Research lowered EnerNOC from a “buy” rating to a “hold” rating in a research report on Wednesday, July 6th. Finally, Canaccord Genuity reissued a “hold” rating and issued a $8.50 price target on shares of EnerNOC in a research report on Friday, June 24th. Five investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. EnerNOC presently has a consensus rating of “Buy” and a consensus target price of $11.21.
EnerNOC (NASDAQ:ENOC) opened at 5.20 on Tuesday. The firm’s 50-day moving average is $5.48 and its 200-day moving average is $6.46. EnerNOC has a 52-week low of $2.92 and a 52-week high of $9.15. The company’s market capitalization is $150.71 million.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Bank of Montreal Can purchased a new position in EnerNOC during the second quarter valued at $103,000. Smith Asset Management Group LP increased its position in EnerNOC by 69.5% in the second quarter. Smith Asset Management Group LP now owns 19,510 shares of the company’s stock valued at $123,000 after buying an additional 8,000 shares during the last quarter. Los Angeles Capital Management & Equity Research Inc. purchased a new position in EnerNOC during the second quarter valued at $136,000. Highbridge Capital Management LLC purchased a new position in EnerNOC during the second quarter valued at $184,000. Finally, Airain ltd purchased a new position in EnerNOC during the second quarter valued at $210,000. Institutional investors own 49.14% of the company’s stock.
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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