Shares of EnerNOC, Inc. (NASDAQ:ENOC) have been assigned a consensus recommendation of “Hold” from the six ratings firms that are currently covering the company, Marketbeat.com reports. Six analysts have rated the stock with a hold rating. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $7.84.

ENOC has been the subject of a number of recent analyst reports. Robert W. Baird lowered EnerNOC from an “outperform” rating to a “neutral” rating and lowered their price target for the company from $11.00 to $8.00 in a research report on Friday, June 23rd. Raymond James Financial, Inc. reaffirmed a “market perform” rating on shares of EnerNOC in a research report on Friday, June 23rd. Canaccord Genuity reaffirmed a “hold” rating and set a $7.67 price target on shares of EnerNOC in a research report on Friday, June 23rd. Needham & Company LLC lowered EnerNOC from a “buy” rating to a “hold” rating in a research report on Monday, June 26th. Finally, Zacks Investment Research lowered EnerNOC from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 11th.

EnerNOC (NASDAQ ENOC) remained flat at $7.65 during midday trading on Friday. The company had a trading volume of 172,519 shares. EnerNOC has a 12-month low of $4.80 and a 12-month high of $7.78. The stock has a 50 day moving average of $7.61 and a 200-day moving average of $6.10.

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Large investors have recently made changes to their positions in the company. Voya Investment Management LLC raised its position in shares of EnerNOC by 29.7% in the 2nd quarter. Voya Investment Management LLC now owns 17,670 shares of the business services provider’s stock worth $137,000 after acquiring an additional 4,042 shares in the last quarter. Nationwide Fund Advisors raised its position in shares of EnerNOC by 21.8% in the 1st quarter. Nationwide Fund Advisors now owns 23,592 shares of the business services provider’s stock worth $142,000 after acquiring an additional 4,223 shares in the last quarter. Alliancebernstein L.P. bought a new position in shares of EnerNOC in the 2nd quarter worth approximately $144,000. Wells Fargo & Company MN raised its position in shares of EnerNOC by 19.0% in the 1st quarter. Wells Fargo & Company MN now owns 28,861 shares of the business services provider’s stock worth $172,000 after acquiring an additional 4,611 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its position in shares of EnerNOC by 276.5% in the 2nd quarter. JPMorgan Chase & Co. now owns 24,038 shares of the business services provider’s stock worth $187,000 after acquiring an additional 17,653 shares in the last quarter. 49.66% of the stock is owned by hedge funds and other institutional investors.

About EnerNOC

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.

Analyst Recommendations for EnerNOC (NASDAQ:ENOC)

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