Energy Focus Receives a Hold from Benchmark Co.

By Jason Carr

Benchmark Co. analyst Mark Miller reiterated a Hold rating on Energy Focus (NASDAQ: EFOI) today and set a price target of $5. The company’s shares closed yesterday at $4.64, close to its 52-week low of $2.95.

According to TipRanks.com, Miller is a 4-star analyst with an average return of 4.8% and a 64.9% success rate. Miller covers the Technology sector, focusing on stocks such as Hutchinson Technology Inc, Rofin-Sinar Technologies, and Axcelis Technologies.

Currently, the analyst consensus on Energy Focus is Hold and the average price target is $5, representing a 7.8% upside.

In a report released yesterday, Oppenheimer also assigned a Hold rating to the stock.

Based on Energy Focus’ latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $8.26 million and GAAP net loss of $3.18 million. In comparison, last year the company earned revenue of $18.34 million and had a net profit of $4.35 million.

Based on the recent corporate insider activity of 9 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of EFOI in relation to earlier this year. Most recently, in April 2016, William Cohen, a Director at EFOI bought 1,259 shares for a total of $9,921.

Energy Focus, Inc. designs, develops, manufactures, and markets of energy-efficient lighting systems. It operates through one segment which includes the marketing and sale of commercial, industrial, and military maritime lighting products and research and development services. . Energy Focus company was founded in 1985 and is headquartered in Solon, OH.