Several other research analysts have also weighed in on ENOC. Morgan Stanley restated an equal weight rating on shares of EnerNOC in a research report on Tuesday, October 11th. Zacks Investment Research upgraded shares of EnerNOC from a hold rating to a buy rating and set a $7.00 target price on the stock in a research report on Monday, November 7th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. EnerNOC currently has an average rating of Hold and an average price target of $11.40.
Shares of EnerNOC (NASDAQ:ENOC) opened at 6.00 on Wednesday. The firm’s market capitalization is $174.70 million. EnerNOC has a 52 week low of $4.18 and a 52 week high of $7.88. The stock’s 50 day moving average price is $5.86 and its 200-day moving average price is $5.78.
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Several institutional investors have recently made changes to their positions in the stock. Renaissance Technologies LLC increased its position in shares of EnerNOC by 20.0% in the fourth quarter. Renaissance Technologies LLC now owns 1,200,338 shares of the company’s stock valued at $7,202,000 after buying an additional 200,138 shares during the last quarter. Emerald Acquisition Ltd. purchased a new position in shares of EnerNOC during the second quarter valued at about $478,000. Alambic Investment Management L.P. increased its position in shares of EnerNOC by 174.5% in the third quarter. Alambic Investment Management L.P. now owns 118,300 shares of the company’s stock valued at $640,000 after buying an additional 75,200 shares during the last quarter. Trexquant Investment LP purchased a new position in shares of EnerNOC during the fourth quarter valued at about $216,000. Finally, Teza Capital Management LLC purchased a new position in shares of EnerNOC during the fourth quarter valued at about $209,000. 49.93% of the stock is currently owned by institutional investors and hedge funds.
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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