ENOC has been the topic of a number of other research reports. Zacks Investment Research lowered EnerNOC from a buy rating to a hold rating in a research note on Wednesday, July 6th. Needham & Company LLC restated a buy rating and set a $10.00 price objective (down previously from $12.00) on shares of EnerNOC in a research note on Wednesday, August 3rd. Finally, Credit Suisse Group AG lowered EnerNOC from an outperform rating to a neutral rating and lowered their price objective for the stock from $10.00 to $8.00 in a research note on Tuesday, August 2nd. Four analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. The company has an average rating of Buy and an average price target of $11.21.
EnerNOC (NASDAQ:ENOC) remained flat at $5.46 during midday trading on Monday. The company’s stock had a trading volume of 8,392 shares. The company has a 50 day moving average of $5.64 and a 200-day moving average of $6.62. The stock’s market cap is $158.24 million. EnerNOC has a 52-week low of $2.92 and a 52-week high of $9.79.
Several large investors have recently modified their holdings of the stock. Bank of Montreal Can acquired a new stake in shares of EnerNOC during the second quarter worth $103,000. Oaktop Capital Management II L.P. increased its stake in EnerNOC by 7.2% in the first quarter. Oaktop Capital Management II L.P. now owns 1,718,641 shares of the company’s stock valued at $12,855,000 after buying an additional 115,000 shares during the period. Bogle Investment Management L P DE increased its stake in EnerNOC by 122.6% in the first quarter. Bogle Investment Management L P DE now owns 72,424 shares of the company’s stock valued at $541,000 after buying an additional 39,892 shares during the period. Jacobs Levy Equity Management Inc. purchased a new stake in EnerNOC during the first quarter valued at $2,293,000. Finally, Renaissance Technologies LLC increased its stake in EnerNOC by 44.9% in the first quarter. Renaissance Technologies LLC now owns 645,038 shares of the company’s stock valued at $4,825,000 after buying an additional 199,925 shares during the period. 49.14% of the stock is currently owned by hedge funds and other institutional investors.
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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