Enphase Energy (NASDAQ:ENPH) Trading 5.8% Higher

Enphase Energy, Inc. (NASDAQ:ENPH)’s stock price traded up 5.8% on Friday . The stock traded as high as $115.47 and last traded at $114.11. 1,578,622 shares were traded during trading, a decline of 62% from the average session volume of 4,179,273 shares. The stock had previously closed at $107.83.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the company. Roth Mkm restated a “buy” rating and set a $140.00 price target on shares of Enphase Energy in a report on Wednesday. KeyCorp restated a “sector weight” rating on shares of Enphase Energy in a report on Thursday, January 4th. Barclays upgraded Enphase Energy from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $115.00 to $134.00 in a report on Friday. Wells Fargo & Company reduced their target price on Enphase Energy from $141.00 to $130.00 and set an “overweight” rating on the stock in a report on Wednesday. Finally, TD Cowen upped their target price on Enphase Energy from $140.00 to $145.00 and gave the company a “buy” rating in a report on Wednesday. Three equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and sixteen have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $137.41.

Enphase Energy Price Performance

The company has a quick ratio of 4.19, a current ratio of 4.16 and a debt-to-equity ratio of 1.30. The business has a 50-day moving average price of $117.82 and a two-hundred day moving average price of $111.85. The company has a market capitalization of $15.23 billion, a price-to-earnings ratio of 58.30, a price-to-earnings-growth ratio of 3.17 and a beta of 1.47.

Enphase Energy (NASDAQ:ENPH) last issued its earnings results on Tuesday, February 6th. The semiconductor company reported $0.29 earnings per share for the quarter, topping analysts’ consensus estimates of $0.24 by $0.05. Enphase Energy had a return on equity of 31.89% and a net margin of 15.10%. The company had revenue of $302.57 million for the quarter, compared to analyst estimates of $327.06 million. As a group, research analysts anticipate that Enphase Energy, Inc. will post 1.96 EPS for the current year.

Insider Transactions at Enphase Energy

In related news, Director Steven J. Gomo sold 20,000 shares of the stock in a transaction on Thursday, April 25th. The stock was sold at an average price of $104.69, for a total value of $2,093,800.00. Following the completion of the sale, the director now directly owns 118,360 shares of the company’s stock, valued at approximately $12,391,108.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, Director Steven J. Gomo sold 20,000 shares of the stock in a transaction on Thursday, April 25th. The stock was sold at an average price of $104.69, for a total value of $2,093,800.00. Following the completion of the sale, the director now directly owns 118,360 shares of the company’s stock, valued at approximately $12,391,108.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Richard Mora sold 24,285 shares of the stock in a transaction on Friday, February 9th. The shares were sold at an average price of $120.59, for a total value of $2,928,528.15. Following the completion of the sale, the director now directly owns 3,126 shares of the company’s stock, valued at $376,964.34. The disclosure for this sale can be found here. Insiders have sold 54,285 shares of company stock valued at $6,148,228 over the last ninety days. 3.40% of the stock is owned by company insiders.

Institutional Investors Weigh In On Enphase Energy

Institutional investors and hedge funds have recently bought and sold shares of the stock. Bogart Wealth LLC purchased a new stake in Enphase Energy in the 4th quarter valued at $26,000. CVA Family Office LLC bought a new position in Enphase Energy in the 4th quarter valued at $31,000. YHB Investment Advisors Inc. bought a new position in Enphase Energy in the 1st quarter valued at $35,000. Parkside Financial Bank & Trust grew its stake in Enphase Energy by 131.3% in the 3rd quarter. Parkside Financial Bank & Trust now owns 310 shares of the semiconductor company’s stock valued at $37,000 after purchasing an additional 176 shares during the period. Finally, Covestor Ltd grew its stake in Enphase Energy by 61.6% in the 3rd quarter. Covestor Ltd now owns 349 shares of the semiconductor company’s stock valued at $42,000 after purchasing an additional 133 shares during the period. 72.12% of the stock is owned by hedge funds and other institutional investors.

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.