Enphase Energy (NASDAQ:ENPH) Lowered to Hold at Jefferies Financial Group

Enphase Energy (NASDAQ:ENPH) was downgraded by investment analysts at Jefferies Financial Group from a “buy” rating to a “hold” rating in a report released on Wednesday, Marketbeat.com reports. They currently have a $111.00 target price on the semiconductor company’s stock, down from their previous target price of $135.00. Jefferies Financial Group’s price target would indicate a potential upside of 2.94% from the company’s current price.

A number of other research analysts have also commented on the stock. Oppenheimer raised their price objective on shares of Enphase Energy from $133.00 to $134.00 and gave the company an “outperform” rating in a research note on Wednesday. StockNews.com lowered shares of Enphase Energy from a “hold” rating to a “sell” rating in a research note on Wednesday, February 7th. DZ Bank started coverage on shares of Enphase Energy in a research report on Wednesday, April 17th. They issued a “hold” rating and a $116.00 price target on the stock. Guggenheim lowered shares of Enphase Energy from a “neutral” rating to a “sell” rating and set a $92.00 price target on the stock. in a research report on Wednesday. Finally, Susquehanna restated a “positive” rating and issued a $140.00 price target on shares of Enphase Energy in a research report on Friday, April 5th. Three investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and fifteen have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $141.00.

Enphase Energy Stock Performance

ENPH opened at $107.83 on Wednesday. The business’s 50 day moving average is $118.79 and its 200-day moving average is $111.93. The stock has a market cap of $14.66 billion, a PE ratio of 53.47, a price-to-earnings-growth ratio of 3.24 and a beta of 1.47. The company has a current ratio of 4.59, a quick ratio of 4.19 and a debt-to-equity ratio of 1.32. Enphase Energy has a twelve month low of $73.49 and a twelve month high of $192.22.

Enphase Energy (NASDAQ:ENPH) last released its quarterly earnings results on Tuesday, February 6th. The semiconductor company reported $0.29 earnings per share for the quarter, beating analysts’ consensus estimates of $0.24 by $0.05. Enphase Energy had a return on equity of 31.34% and a net margin of 15.10%. The company had revenue of $302.57 million for the quarter, compared to analysts’ expectations of $327.06 million. On average, analysts predict that Enphase Energy will post 2.01 earnings per share for the current year.

Insider Transactions at Enphase Energy

In other news, EVP David A. Ranhoff sold 5,000 shares of the business’s stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $108.89, for a total transaction of $544,450.00. Following the transaction, the executive vice president now owns 124,948 shares in the company, valued at approximately $13,605,587.72. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, CEO Badrinarayanan Kothandaraman purchased 4,000 shares of Enphase Energy stock in a transaction on Tuesday, February 27th. The shares were purchased at an average cost of $120.54 per share, for a total transaction of $482,160.00. Following the completion of the transaction, the chief executive officer now directly owns 1,655,171 shares in the company, valued at $199,514,312.34. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP David A. Ranhoff sold 5,000 shares of the business’s stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $108.89, for a total transaction of $544,450.00. Following the completion of the transaction, the executive vice president now owns 124,948 shares in the company, valued at $13,605,587.72. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 34,285 shares of company stock worth $4,054,428. 3.40% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Enphase Energy

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Bogart Wealth LLC acquired a new position in shares of Enphase Energy during the fourth quarter worth approximately $26,000. CVA Family Office LLC acquired a new position in shares of Enphase Energy during the fourth quarter worth approximately $31,000. Parkside Financial Bank & Trust lifted its position in shares of Enphase Energy by 131.3% during the third quarter. Parkside Financial Bank & Trust now owns 310 shares of the semiconductor company’s stock worth $37,000 after purchasing an additional 176 shares in the last quarter. Addison Advisors LLC lifted its position in shares of Enphase Energy by 1,447.6% during the fourth quarter. Addison Advisors LLC now owns 325 shares of the semiconductor company’s stock worth $43,000 after purchasing an additional 304 shares in the last quarter. Finally, Blue Trust Inc. lifted its position in shares of Enphase Energy by 194.6% during the fourth quarter. Blue Trust Inc. now owns 330 shares of the semiconductor company’s stock worth $44,000 after purchasing an additional 218 shares in the last quarter. 72.12% of the stock is currently owned by institutional investors and hedge funds.

About Enphase Energy

Enphase Energy, Inc, together with its subsidiaries, designs, develops, manufactures, and sells home energy solutions for the solar photovoltaic industry in the United States and internationally. The company offers semiconductor-based microinverter, which converts energy at the individual solar module level and combines with its proprietary networking and software technologies to provide energy monitoring and control.