Heather Wishart-Smith Purchases 1,054 Shares of Orion Energy Systems (NASDAQ:OESX) Stock

Key Points

• Director Heather Wishart-Smith bought 1,054 OESX shares at an average price of $18.96, investing nearly $20,000 and increasing her stake by 10.18% to 11,405 shares.
• Orion Energy Systems shares rose to $20.99, near their 12-month high of $21.20. The company recently reported quarterly EPS of $0.47, significantly exceeding the $0.07 consensus estimate, while revenue also topped expectations.
• Analyst sentiment improved, with a MarketBeat consensus rating of “Moderate Buy” and a $30 price target; institutional investors own 52.59% of the company’s stock.

Orion Energy Systems, Inc. (NASDAQ:OESX - Get Free Report) Director Heather Wishart-Smith acquired 1,054 shares of the business's stock in a transaction that occurred on Thursday, August 20th. The shares were bought at an average price of $18.96 per share, with a total value of $19,983.84. Following the completion of the purchase, the director owned 11,405 shares in the company, valued at $216,238.80. This trade represents a 10.18% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Orion Energy Systems Price Performance

Shares of NASDAQ OESX traded up $1.16 during midday trading on Monday, reaching $20.99. The stock had a trading volume of 51,394 shares, compared to its average volume of 56,303. Orion Energy Systems, Inc. has a 12-month low of $6.21 and a 12-month high of $21.20. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.13 and a current ratio of 1.54. The company has a market capitalization of $85.85 million, a price-to-earnings ratio of -419.80 and a beta of 0.77. The stock has a 50-day moving average of $12.66 and a 200-day moving average of $11.11.

Orion Energy Systems (NASDAQ:OESX - Get Free Report) last issued its earnings results on Wednesday, August 5th. The electronics maker reported $0.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.07 by $0.40. The company had revenue of $25.74 million for the quarter, compared to the consensus estimate of $23.56 million. Orion Energy Systems had a return on equity of 11.66% and a net margin of 0.04%. As a group, research analysts anticipate that Orion Energy Systems, Inc. will post 0.23 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts recently weighed in on the company. Weiss Ratings upgraded Orion Energy Systems from a "sell (d-)" rating to a "sell (d+)" rating in a report on Wednesday. HC Wainwright reissued a "buy" rating and set a $30.00 price objective on shares of Orion Energy Systems in a report on Thursday, August 6th. Wall Street Zen upgraded Orion Energy Systems from a "buy" rating to a "strong-buy" rating in a research note on Saturday, August 8th. Finally, Zacks Research raised Orion Energy Systems from a "strong sell" rating to a "strong-buy" rating in a research report on Monday, August 10th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, Orion Energy Systems has a consensus rating of "Moderate Buy" and a consensus price target of $30.00.

Hedge Funds Weigh In On Orion Energy Systems

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Sei Investments Co. lifted its stake in Orion Energy Systems by 114.3% during the 1st quarter. Sei Investments Co. now owns 130,101 shares of the electronics maker's stock valued at $1,137,000 after acquiring an additional 69,387 shares during the period. North Star Investment Management Corp. increased its stake in shares of Orion Energy Systems by 29.0% in the first quarter. North Star Investment Management Corp. now owns 525,552 shares of the electronics maker's stock worth $4,593,000 after acquiring an additional 118,100 shares during the period. Tieton Capital Management LLC purchased a new position in shares of Orion Energy Systems during the second quarter worth $3,326,000. Renaissance Technologies LLC lifted its position in Orion Energy Systems by 32.4% during the first quarter. Renaissance Technologies LLC now owns 178,469 shares of the electronics maker's stock valued at $1,560,000 after purchasing an additional 43,693 shares during the period. Finally, NewEdge Advisors LLC boosted its holdings in Orion Energy Systems by 60.1% in the first quarter. NewEdge Advisors LLC now owns 24,140 shares of the electronics maker's stock valued at $211,000 after purchasing an additional 9,058 shares during the last quarter. Hedge funds and other institutional investors own 52.59% of the company's stock.

Orion Energy Systems Company Profile

Orion Energy Systems, Inc is a U.S.-based provider of energy-efficient lighting and building controls solutions. Founded in 1996 and headquartered in Manitowoc, Wisconsin, the company specializes in designing, manufacturing and deploying LED lighting fixtures and integrated energy management systems for commercial and industrial customers.

The company's product portfolio includes a range of LED light fixtures, smart sensors, networked controls and cloud-based energy management software.

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