Ameresco (NYSE:AMRC) Trading Up 7.5% - What's Next?

Ameresco, Inc. (NYSE:AMRC - Get Free Report) shot up 7.5% on Monday . The stock traded as high as $33.10 and last traded at $32.79. 49,953 shares were traded during trading, a decline of 89% from the average session volume of 472,554 shares. The stock had previously closed at $30.51.

Analyst Upgrades and Downgrades

AMRC has been the subject of a number of analyst reports. Piper Sandler upped their price target on Ameresco from $35.00 to $38.00 and gave the stock an "overweight" rating in a research report on Tuesday, October 22nd. UBS Group raised their target price on shares of Ameresco from $39.00 to $40.00 and gave the stock a "buy" rating in a research note on Thursday, September 5th. Jefferies Financial Group started coverage on shares of Ameresco in a research report on Wednesday, September 4th. They issued a "hold" rating and a $33.00 price target for the company. StockNews.com upgraded shares of Ameresco to a "sell" rating in a research report on Wednesday, October 16th. Finally, Robert W. Baird upped their target price on shares of Ameresco from $32.00 to $42.00 and gave the stock an "outperform" rating in a report on Monday, September 23rd. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $36.73.

Ameresco Stock Performance

The company has a market capitalization of $1.66 billion, a P/E ratio of 28.85, a price-to-earnings-growth ratio of 1.21 and a beta of 1.79. The business has a 50 day moving average of $32.92 and a 200 day moving average of $30.25. The company has a quick ratio of 1.00, a current ratio of 1.01 and a debt-to-equity ratio of 1.15.

Ameresco (NYSE:AMRC - Get Free Report) last posted its earnings results on Monday, August 5th. The utilities provider reported $0.10 EPS for the quarter, missing analysts' consensus estimates of $0.25 by ($0.15). Ameresco had a net margin of 3.77% and a return on equity of 6.25%. The firm had revenue of $437.98 million for the quarter, compared to the consensus estimate of $373.75 million. During the same quarter in the prior year, the company posted $0.15 earnings per share. The firm's revenue was up 33.9% compared to the same quarter last year. On average, sell-side analysts predict that Ameresco, Inc. will post 1.16 earnings per share for the current year.

Insider Activity

In other news, CFO Spencer Doran Hole sold 5,000 shares of the business's stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of $26.53, for a total transaction of $132,650.00. Following the transaction, the chief financial officer now owns 1,878 shares of the company's stock, valued at approximately $49,823.34. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders sold 5,221 shares of company stock valued at $140,814 in the last ninety days. Insiders own 42.00% of the company's stock.

Institutional Trading of Ameresco

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Blue Trust Inc. raised its stake in shares of Ameresco by 100.3% during the third quarter. Blue Trust Inc. now owns 781 shares of the utilities provider's stock valued at $30,000 after acquiring an additional 391 shares in the last quarter. nVerses Capital LLC purchased a new position in Ameresco in the second quarter worth $75,000. Point72 DIFC Ltd purchased a new stake in shares of Ameresco during the 2nd quarter valued at $86,000. GAMMA Investing LLC increased its position in Ameresco by 1,215.2% during the 2nd quarter. GAMMA Investing LLC now owns 3,117 shares of the utilities provider's stock valued at $90,000 after buying an additional 2,880 shares in the last quarter. Finally, SG Americas Securities LLC purchased a new stake in Ameresco in the second quarter valued at about $156,000. 99.24% of the stock is owned by hedge funds and other institutional investors.

Ameresco Company Profile

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.