Enphase Energy (NASDAQ:ENPH) Given New $226.00 Price Target at Barclays

Enphase Energy (NASDAQ:ENPH – Get Rating) had its price target decreased by Barclays from $248.00 to $226.00 in a research report released on Wednesday, The Fly reports.

Other research analysts also recently issued reports about the company. OTR Global downgraded Enphase Energy to a positive rating in a report on Tuesday, January 24th. HSBC started coverage on Enphase Energy in a report on Thursday, April 13th. They set a buy rating and a $271.00 target price on the stock. Credit Suisse Group lowered their price objective on Enphase Energy from $295.00 to $260.00 in a research report on Monday, May 1st. KeyCorp lowered their price objective on Enphase Energy from $363.00 to $311.00 in a research report on Tuesday, April 18th. Finally, Craig Hallum lowered their price objective on Enphase Energy from $323.00 to $315.00 in a research report on Wednesday, February 8th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and twenty-two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of Moderate Buy and an average price target of $280.48.

Enphase Energy Trading Up 0.7 %

NASDAQ ENPH opened at $164.05 on Wednesday. The company has a quick ratio of 3.24, a current ratio of 3.45 and a debt-to-equity ratio of 1.24. Enphase Energy has a twelve month low of $152.15 and a twelve month high of $339.92. The company has a market cap of $22.48 billion, a price-to-earnings ratio of 47.97, a price-to-earnings-growth ratio of 1.51 and a beta of 1.52. The business’s fifty day moving average is $187.07 and its 200 day moving average is $232.96.

Insider Transactions at Enphase Energy

In other news, CFO Mandy Yang acquired 3,500 shares of the company’s stock in a transaction that occurred on Tuesday, May 2nd. The shares were acquired at an average price of $156.86 per share, for a total transaction of $549,010.00. Following the completion of the purchase, the chief financial officer now owns 99,043 shares in the company, valued at $15,535,884.98. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, Director Thurman J. Rodgers purchased 32,900 shares of the firm’s stock in a transaction dated Wednesday, April 26th. The shares were purchased at an average price of $166.88 per share, with a total value of $5,490,352.00. Following the completion of the acquisition, the director now owns 32,900 shares in the company, valued at approximately $5,490,352. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Mandy Yang bought 3,500 shares of Enphase Energy stock in a transaction that occurred on Tuesday, May 2nd. The stock was purchased at an average cost of $156.86 per share, for a total transaction of $549,010.00. Following the purchase, the chief financial officer now owns 99,043 shares of the company’s stock, valued at $15,535,884.98. The disclosure for this purchase can be found here. Company insiders own 4.20% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Seaport Global Advisors LLC increased its stake in Enphase Energy by 214.1% in the first quarter. Seaport Global Advisors LLC now owns 1,222 shares of the semiconductor company’s stock valued at $257,000 after acquiring an additional 833 shares during the last quarter. Toroso Investments LLC increased its stake in Enphase Energy by 95.5% in the first quarter. Toroso Investments LLC now owns 26,814 shares of the semiconductor company’s stock valued at $5,638,000 after acquiring an additional 13,098 shares during the last quarter. Centaurus Financial Inc. increased its stake in Enphase Energy by 51.9% in the first quarter. Centaurus Financial Inc. now owns 980 shares of the semiconductor company’s stock valued at $206,000 after acquiring an additional 335 shares during the last quarter. Boston Common Asset Management LLC increased its stake in Enphase Energy by 56.8% in the first quarter. Boston Common Asset Management LLC now owns 100,862 shares of the semiconductor company’s stock valued at $21,209,000 after acquiring an additional 36,535 shares during the last quarter. Finally, Advisory Services Network LLC increased its stake in Enphase Energy by 44.3% in the first quarter. Advisory Services Network LLC now owns 5,891 shares of the semiconductor company’s stock valued at $1,239,000 after acquiring an additional 1,808 shares during the last quarter. Institutional investors own 73.79% of the company’s stock.

About Enphase Energy

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Enphase Energy, Inc is a global energy technology company, which engages in the design, development, manufacture, and sale of micro inverter systems for the solar photovoltaic industry. The firm’s products include IQ 7 Microinverter Series, IQ Battery, IQ Envoy, IQ Microinverter Accessories, IQ Envoy Accessories and Enlighten & Apps.