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

Ameresco, Inc. (NYSE:AMRC - Get Free Report)'s stock price gapped down before the market opened on Thursday . The stock had previously closed at $14.16, but opened at $13.75. Ameresco shares last traded at $13.27, with a volume of 44,811 shares traded.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. Robert W. Baird reissued a "neutral" rating and issued a $13.00 price target (down from $25.00) on shares of Ameresco in a research report on Tuesday, April 15th. UBS Group downgraded Ameresco from a "buy" rating to a "sell" rating and cut their price target for the stock from $37.00 to $8.00 in a research note on Tuesday, March 4th. Piper Sandler set a $21.00 target price on Ameresco and gave the stock an "overweight" rating in a research note on Tuesday, May 6th. Canaccord Genuity Group raised their price target on Ameresco from $27.00 to $29.00 and gave the company a "buy" rating in a report on Tuesday, May 6th. Finally, Stifel Nicolaus decreased their price objective on Ameresco from $18.00 to $17.00 and set a "buy" rating on the stock in a report on Monday, May 12th. Two analysts have rated the stock with a sell rating, three have issued a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Ameresco has an average rating of "Hold" and an average price target of $20.17.

Ameresco Stock Up 3.2%

The company has a quick ratio of 1.26, a current ratio of 1.27 and a debt-to-equity ratio of 1.36. The company has a market capitalization of $740.30 million, a P/E ratio of 14.10, a price-to-earnings-growth ratio of 0.49 and a beta of 2.20. The company has a 50-day moving average of $11.85 and a two-hundred day moving average of $18.35.

Ameresco (NYSE:AMRC - Get Free Report) last released its quarterly earnings results on Monday, May 5th. The utilities provider reported ($0.11) earnings per share for the quarter, beating the consensus estimate of ($0.26) by $0.15. Ameresco had a return on equity of 5.68% and a net margin of 3.18%. The company had revenue of $352.83 million for the quarter, compared to analyst estimates of $323.71 million. During the same period in the previous year, the company posted ($0.10) earnings per share. The firm's revenue was up 18.2% on a year-over-year basis. On average, research analysts predict that Ameresco, Inc. will post 1.15 EPS for the current year.

Insiders Place Their Bets

In other Ameresco news, CEO George P. Sakellaris purchased 25,000 shares of the stock in a transaction dated Thursday, March 6th. The shares were purchased at an average cost of $9.27 per share, with a total value of $231,750.00. Following the completion of the acquisition, the chief executive officer now directly owns 978,638 shares in the company, valued at $9,071,974.26. This trade represents a 2.62% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Francis V. Wisneski, Jr. purchased 3,500 shares of the stock in a transaction dated Tuesday, March 4th. The shares were acquired at an average cost of $9.67 per share, for a total transaction of $33,845.00. Following the completion of the acquisition, the director now owns 17,738 shares of the company's stock, valued at approximately $171,526.46. This represents a 24.58% increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last three months, insiders have purchased 80,808 shares of company stock valued at $785,274. 42.00% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Headlands Technologies LLC bought a new position in shares of Ameresco during the first quarter valued at $40,000. KLP Kapitalforvaltning AS bought a new position in shares of Ameresco during the fourth quarter valued at $146,000. Lazard Asset Management LLC lifted its holdings in shares of Ameresco by 145.0% during the fourth quarter. Lazard Asset Management LLC now owns 7,371 shares of the utilities provider's stock valued at $172,000 after purchasing an additional 4,362 shares in the last quarter. GAMMA Investing LLC lifted its holdings in shares of Ameresco by 132.0% during the first quarter. GAMMA Investing LLC now owns 8,009 shares of the utilities provider's stock valued at $97,000 after purchasing an additional 4,557 shares in the last quarter. Finally, Schonfeld Strategic Advisors LLC purchased a new stake in Ameresco during the fourth quarter valued at $203,000. 99.24% of the stock is owned by 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.