Ameresco (NYSE:AMRC) Shares Gap Down - Should You Sell?

Shares of Ameresco, Inc. (NYSE:AMRC - Get Free Report) gapped down before the market opened on Tuesday . The stock had previously closed at $10.56, but opened at $10.04. Ameresco shares last traded at $10.01, with a volume of 332,549 shares trading hands.

Analysts Set New Price Targets

AMRC has been the subject of a number of recent research reports. StockNews.com upgraded shares of Ameresco to a "sell" rating in a research note on Tuesday, November 12th. UBS Group lowered shares of Ameresco from a "buy" rating to a "sell" rating and reduced their target price for the stock from $37.00 to $8.00 in a research note on Tuesday. Stifel Nicolaus reduced their target price on shares of Ameresco from $34.00 to $18.00 and set a "buy" rating for the company in a research note on Wednesday. Canaccord Genuity Group reduced their target price on shares of Ameresco from $36.00 to $27.00 and set a "buy" rating for the company in a research note on Friday, February 28th. Finally, Robert W. Baird reduced their target price on shares of Ameresco from $42.00 to $25.00 and set an "outperform" rating for the company in a research note on Friday, February 28th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $28.33.

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Ameresco Stock Up 19.6 %

The stock's fifty day moving average is $20.74 and its two-hundred day moving average is $26.88. The company has a current ratio of 1.27, a quick ratio of 1.26 and a debt-to-equity ratio of 1.36. The company has a market capitalization of $582.75 million, a PE ratio of 11.11, a P/E/G ratio of 0.49 and a beta of 2.07.

Ameresco (NYSE:AMRC - Get Free Report) last issued its quarterly earnings results on Thursday, February 27th. The utilities provider reported $0.88 earnings per share for the quarter, topping analysts' consensus estimates of $0.76 by $0.12. The company had revenue of $532.67 million for the quarter, compared to the consensus estimate of $524.31 million. Ameresco had a net margin of 3.18% and a return on equity of 5.68%. As a group, analysts predict that Ameresco, Inc. will post 1.15 EPS for the current year.

Insider Buying and Selling

In other Ameresco news, CEO George P. Sakellaris acquired 50,000 shares of the company's stock in a transaction on Tuesday, March 4th. The shares were acquired at an average cost of $9.96 per share, with a total value of $498,000.00. Following the completion of the acquisition, the chief executive officer now directly owns 903,638 shares in the company, valued at $9,000,234.48. This trade represents a 5.86 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Jennifer L. Miller sold 40,000 shares of the company's stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $21.06, for a total transaction of $842,400.00. Following the sale, the director now directly owns 17,225 shares in the company, valued at approximately $362,758.50. This trade represents a 69.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have purchased 80,408 shares of company stock valued at $781,206. 42.00% of the stock is owned by insiders.

Institutional Investors Weigh In On Ameresco

Institutional investors have recently added to or reduced their stakes in the business. Point72 Asia Singapore Pte. Ltd. lifted its holdings in Ameresco by 1,294.9% during the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 2,455 shares of the utilities provider's stock valued at $93,000 after purchasing an additional 2,279 shares during the last quarter. KLP Kapitalforvaltning AS purchased a new stake in shares of Ameresco in the fourth quarter worth about $146,000. Cetera Trust Company N.A lifted its holdings in shares of Ameresco by 6.9% in the fourth quarter. Cetera Trust Company N.A now owns 6,800 shares of the utilities provider's stock worth $160,000 after buying an additional 440 shares in the last quarter. Lazard Asset Management LLC lifted its holdings in shares of Ameresco by 145.0% in the fourth quarter. Lazard Asset Management LLC now owns 7,371 shares of the utilities provider's stock worth $172,000 after buying an additional 4,362 shares in the last quarter. Finally, FMR LLC lifted its holdings in shares of Ameresco by 257.9% in the third quarter. FMR LLC now owns 5,350 shares of the utilities provider's stock worth $203,000 after buying an additional 3,855 shares in the last quarter. 99.24% of the stock is owned by hedge funds and other institutional investors.

About Ameresco

Ameresco, Inc, a clean technology integrator, provides a portfolio of energy efficiency and renewable energy supply solutions in the United States, Canada, Europe, and internationally. It operates through U.S. Regions, U.S. Federal, Canada, Europe, Alternative Fuels, and All Other segments. The company offers energy efficiency, infrastructure upgrades, energy security and resilience, asset sustainability, and renewable energy solutions for businesses and organizations.