Orion Energy Systems, Inc. (OESX) Receives $1.83 Consensus Price Target from Analysts

Shares of Orion Energy Systems, Inc. (NASDAQ:OESX) have earned an average recommendation of “Hold” from the six brokerages that are currently covering the stock, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $1.83.

OESX has been the subject of several research analyst reports. HC Wainwright set a $2.00 price objective on shares of Orion Energy Systems and gave the stock a “buy” rating in a research report on Saturday, June 10th. Roth Capital set a $1.00 target price on shares of Orion Energy Systems and gave the stock a “hold” rating in a report on Saturday, June 10th. Craig Hallum lowered shares of Orion Energy Systems from a “buy” rating to a “hold” rating in a report on Wednesday, April 26th. Zacks Investment Research raised shares of Orion Energy Systems from a “sell” rating to a “hold” rating in a report on Tuesday, April 11th. Finally, ValuEngine raised shares of Orion Energy Systems from a “sell” rating to a “hold” rating in a report on Tuesday, May 16th.

In other news, insider John H. Scribante sold 40,000 shares of the company’s stock in a transaction dated Friday, June 30th. The shares were sold at an average price of $1.29, for a total value of $51,600.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider John H. Scribante sold 137,218 shares of the company’s stock in a transaction dated Thursday, June 29th. The shares were sold at an average price of $1.27, for a total transaction of $174,266.86. The disclosure for this sale can be found here. Over the last three months, insiders have acquired 23,000 shares of company stock worth $31,140 and have sold 278,612 shares worth $358,995. Insiders own 10.50% of the company’s stock.

Several large investors have recently modified their holdings of the stock. Prudential Financial Inc. boosted its stake in shares of Orion Energy Systems by 0.9% in the first quarter. Prudential Financial Inc. now owns 92,700 shares of the electronics maker’s stock worth $184,000 after buying an additional 800 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Orion Energy Systems by 4.4% in the first quarter. Dimensional Fund Advisors LP now owns 478,694 shares of the electronics maker’s stock worth $948,000 after buying an additional 20,146 shares during the last quarter. Renaissance Technologies LLC boosted its stake in shares of Orion Energy Systems by 7.2% in the first quarter. Renaissance Technologies LLC now owns 807,500 shares of the electronics maker’s stock worth $1,599,000 after buying an additional 54,000 shares during the last quarter. Finally, North Star Investment Management Corp. boosted its stake in shares of Orion Energy Systems by 17.9% in the first quarter. North Star Investment Management Corp. now owns 2,645,964 shares of the electronics maker’s stock worth $5,239,000 after buying an additional 400,959 shares during the last quarter. 44.78% of the stock is currently owned by institutional investors.

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Shares of Orion Energy Systems (NASDAQ OESX) traded down 0.78% during trading on Friday, reaching $1.28. The company had a trading volume of 6,359 shares. The firm has a 50-day moving average of $1.35 and a 200-day moving average of $1.79. The company’s market cap is $36.48 million. Orion Energy Systems has a 12-month low of $1.12 and a 12-month high of $2.57.

Orion Energy Systems (NASDAQ:OESX) last posted its quarterly earnings data on Thursday, June 8th. The electronics maker reported ($0.26) earnings per share for the quarter, missing the consensus estimate of ($0.16) by $0.10. Orion Energy Systems had a negative return on equity of 29.91% and a negative net margin of 17.50%. The company had revenue of $15.29 million during the quarter, compared to the consensus estimate of $15.18 million. On average, equities research analysts anticipate that Orion Energy Systems will post ($0.25) EPS for the current year.

Orion Energy Systems Company Profile

Orion Energy Systems, Inc is a designer and manufacturer of lighting platforms. The Company researches, develops, designs, manufactures, markets, sells and implements energy management systems consisting primarily of commercial and industrial interior and exterior lighting systems, and related services.

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