A number of other research firms have also weighed in on ENOC. Credit Suisse Group AG lowered shares of EnerNOC from an outperform rating to a neutral rating and reduced their price objective for the company from $10.00 to $8.00 in a research note on Tuesday, August 2nd. Zacks Investment Research lowered shares of EnerNOC from a buy rating to a hold rating in a research note on Wednesday, July 6th. Finally, Needham & Company LLC reiterated a buy rating and issued a $10.00 price objective (down from $12.00) on shares of EnerNOC in a research note on Wednesday, August 3rd. Four investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. EnerNOC presently has a consensus rating of Buy and a consensus price target of $11.21.
EnerNOC (NASDAQ:ENOC) opened at 5.44 on Monday. The company’s market capitalization is $157.66 million. The stock has a 50 day moving average price of $5.60 and a 200 day moving average price of $6.60. EnerNOC has a 52-week low of $2.92 and a 52-week high of $9.79.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in ENOC. Menta Capital LLC increased its stake in EnerNOC by 25.3% in the first quarter. Menta Capital LLC now owns 29,200 shares of the company’s stock worth $218,000 after buying an additional 5,900 shares in the last quarter. 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 worth $541,000 after buying an additional 39,892 shares in the last quarter. 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 worth $4,825,000 after buying an additional 199,925 shares in the last quarter. Jacobs Levy Equity Management Inc. bought a new stake in EnerNOC during the first quarter worth about $2,293,000. Finally, Summit Partners Public Asset Management LLC bought a new stake in EnerNOC during the first quarter worth about $2,805,000. Hedge funds and other institutional investors own 49.14% of the company’s stock.
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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