EnerNOC Inc. (NASDAQ:ENOC)‘s stock had its “equal weight” rating restated by research analysts at Morgan Stanley in a research report issued to clients and investors on Tuesday.
Other equities analysts also recently issued reports about the stock. 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 note on Wednesday, August 3rd. Canaccord Genuity reaffirmed a “hold” rating and set a $6.00 target price on shares of EnerNOC in a research note on Monday, September 26th. Zacks Investment Research downgraded shares of EnerNOC from a “buy” rating to a “hold” rating in a research note on Wednesday, July 6th. Finally, Credit Suisse Group AG downgraded shares of EnerNOC from an “outperform” rating to a “neutral” rating and decreased their target price for the company from $10.00 to $8.00 in a research note on Tuesday, August 2nd. Five research 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. The company has an average rating of “Buy” and an average target price of $11.21.
EnerNOC (NASDAQ:ENOC) remained flat at $5.34 during trading on Tuesday. 149,709 shares of the company were exchanged. EnerNOC has a 52-week low of $2.92 and a 52-week high of $9.73. The company has a 50-day moving average of $5.50 and a 200 day moving average of $6.48. The company’s market capitalization is $154.76 million.
Several large investors have recently made changes to their positions in the stock. Summit Partners Public Asset Management LLC purchased a new stake in shares of EnerNOC during the first quarter valued at $2,805,000. Jacobs Levy Equity Management Inc. purchased a new stake in shares of EnerNOC during the first quarter valued at $2,293,000. Spark Investment Management LLC increased its stake in shares of EnerNOC by 384.6% in the second quarter. Spark Investment Management LLC now owns 207,400 shares of the company’s stock valued at $1,310,000 after buying an additional 164,600 shares during the period. Oaktop Capital Management II L.P. increased its stake in shares of 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. Finally, Dimensional Fund Advisors LP increased its stake in shares of EnerNOC by 6.7% in the second quarter. Dimensional Fund Advisors LP now owns 1,275,491 shares of the company’s stock valued at $8,061,000 after buying an additional 80,188 shares during the period. 49.14% of the stock is owned by institutional investors.
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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