Analyst Price Target Update on Opower (NYSE:OPWR)

Opower (NYSE:OPWR) shares are expected to touch $9.4 in the short term. This short term price target has been shared by 4 analysts. However, the standard deviation of short term price estimate has been valued at 1.61. The target price could hit $10 on the higher end and $7 on the lower end.

Many analysts have stated their opinion on the company shares. Major Brokerage house, Avondale Partners downgrades its ratings on Opower (NYSE:OPWR). According to the latest information available, the shares are now rated Market Perform by the analysts at the agency. Previously, the analysts had a Market Outperform rating on the shares. The rating by the firm was issued on May 3, 2016. Company shares have received an average consensus rating of Hold for the current week

On the companys insider trading activities,The (EVP and GM, Worldwide Sales) of Opower, Inc., Kirsch Jeremy sold 41,801 shares at $6.29 on March 14, 2016. The Insider selling transaction had a total value worth of $262,928. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

Opower (NYSE:OPWR) witnessed a volatile trading activity on Monday and eventually ended flat at 0% or 0 points without letting the bulls or bears take much advantage. The trading began at $10.29 and reached the intraday high at $10.31. The bulls started the profit booking and pushed the shares to intraday low of $10.29. The trading session was marked by a volume range of 1,403,871 shares exchanging hands. The 52-week high of the shares is $12.97 and the 52-week low is $5.3. The market cap of the company stands at $551 million and there are 53,551,249 shares in public circulation.

Opower, Inc. is a provider of cloud-based software to the utility industry. The Companys software solutions are used to deliver key customer-facing applications that reduce energy demand. Its software analyzes energy data and presents insights that motivate reductions in energy consumption and lower cost-to-serve. The Companys solutions consist of Opower Energy Efficiency, which motivates customers to use less energy and participate in other energy efficiency programs; Opower Demand Response, which enables utilities that have installed smart meters to engage their residential customer base in demand response programs; Opower Digital Engagement, which consist of Opower Web, CSR Application and Rates Engine, and Opower Customer Care, which is focused on reducing cost-to-serve and increasing customer satisfaction when utility customers receive a high bill. As of December 31, 2014, the Company had 98 utilities in nine countries using one or more of its products.

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