Energy Focus Inc. (NASDAQ:EFOI)‘s stock had its “buy” rating reiterated by stock analysts at Benchmark Co. in a research note issued to investors on Tuesday. They presently have a $5.00 price objective on the stock, down from their previous price objective of $6.00. Benchmark Co.’s price target suggests a potential upside of 4.60% from the stock’s current price.

Several other research firms also recently issued reports on EFOI. FBR & Co downgraded Energy Focus from an “outperform” rating to a “market perform” rating and cut their price target for the stock from $10.00 to $5.00 in a research note on Friday, August 12th. Oppenheimer Holdings Inc. downgraded Energy Focus from a “buy” rating to a “hold” rating in a research note on Friday, August 12th. Zacks Investment Research downgraded Energy Focus from a “hold” rating to a “strong sell” rating in a research note on Monday, August 15th. Rodman & Renshaw lifted their price target on Energy Focus from $8.00 to $16.00 and gave the stock a “buy” rating in a research note on Monday, August 15th. Finally, Roth Capital reaffirmed a “neutral” rating and set a $5.00 price target (down previously from $6.00) on shares of Energy Focus in a research note on Sunday, August 14th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $9.33.

Analyst Recommendations for Energy Focus (NASDAQ:EFOI)

Shares of Energy Focus (NASDAQ:EFOI) opened at 4.78 on Tuesday. The company has a 50 day moving average of $4.27 and a 200-day moving average of $5.13. Energy Focus has a one year low of $2.95 and a one year high of $16.20. The stock’s market cap is $55.88 million.

Energy Focus (NASDAQ:EFOI) last released its earnings results on Monday, November 14th. The company reported ($0.27) EPS for the quarter, missing analysts’ consensus estimates of ($0.25) by $0.02. Energy Focus had a negative net margin of 18.99% and a negative return on equity of 17.26%. The business earned $8.30 million during the quarter, compared to analyst estimates of $8.72 million. During the same period last year, the business posted $0.41 EPS. Energy Focus’s revenue was down 54.6% compared to the same quarter last year. On average, analysts anticipate that Energy Focus will post ($0.97) earnings per share for the current year.

Hedge funds have recently bought and sold shares of the company. Menta Capital LLC boosted its stake in Energy Focus by 10.2% in the second quarter. Menta Capital LLC now owns 19,410 shares of the company’s stock worth $121,000 after buying an additional 1,800 shares in the last quarter. BlackRock Fund Advisors boosted its stake in Energy Focus by 48.8% in the second quarter. BlackRock Fund Advisors now owns 25,421 shares of the company’s stock valued at $159,000 after buying an additional 8,334 shares during the period. New Jersey Better Educational Savings Trust boosted its stake in Energy Focus by 4.2% in the third quarter. New Jersey Better Educational Savings Trust now owns 50,000 shares of the company’s stock valued at $245,000 after buying an additional 2,000 shares during the period. Cambridge Advisors Inc. boosted its stake in Energy Focus by 60.5% in the third quarter. Cambridge Advisors Inc. now owns 74,826 shares of the company’s stock valued at $366,000 after buying an additional 28,206 shares during the period. Finally, Cambridge Investment Research Advisors Inc. acquired a new stake in Energy Focus during the second quarter valued at approximately $380,000. Hedge funds and other institutional investors own 18.32% of the company’s stock.

Energy Focus Company Profile

Energy Focus, Inc along with its subsidiaries is engaged in the design, development, manufacturing, marketing, installation and sale of lighting systems. The Company is engaged in developing and selling of light-emitting diode (LED) lighting products for military maritime market, and general commercial and industrial markets.

5 Day Chart for NASDAQ:EFOI

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