Enphase Energy, Inc. (NASDAQ:ENPH) Given Average Recommendation of “Hold” by Analysts

Shares of Enphase Energy, Inc. (NASDAQ:ENPH) have received an average recommendation of “Hold” from the thirty-one ratings firms that are covering the firm, MarketBeat Ratings reports. Two 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. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $133.45.

A number of equities analysts recently issued reports on the stock. Truist Financial dropped their target price on shares of Enphase Energy from $145.00 to $130.00 and set a “buy” rating on the stock in a research report on Tuesday, April 23rd. Morgan Stanley raised their price objective on shares of Enphase Energy from $97.00 to $106.00 and gave the stock an “equal weight” rating in a report on Wednesday, February 7th. Jefferies Financial Group cut shares of Enphase Energy from a “buy” rating to a “hold” rating and decreased their target price for the company from $135.00 to $111.00 in a research note on Wednesday, April 24th. B. Riley lifted their target price on Enphase Energy from $121.00 to $149.00 and gave the stock a “buy” rating in a report on Monday, April 22nd. Finally, Oppenheimer increased their price target on shares of Enphase Energy from $133.00 to $134.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 24th.

Insiders Place Their Bets

In related news, CFO Mandy Yang acquired 4,000 shares of the business’s stock in a transaction dated Thursday, May 2nd. The shares were purchased at an average price of $104.24 per share, for a total transaction of $416,960.00. Following the completion of the acquisition, the chief financial officer now directly owns 62,973 shares in the company, valued at approximately $6,564,305.52. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other Enphase Energy news, CFO Mandy Yang bought 4,000 shares of the company’s stock in a transaction dated Thursday, May 2nd. The shares were purchased at an average cost of $104.24 per share, for a total transaction of $416,960.00. Following the transaction, the chief financial officer now directly owns 62,973 shares of the company’s stock, valued at $6,564,305.52. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP David A. Ranhoff sold 5,000 shares of the 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 sale, the executive vice president now owns 124,948 shares of the company’s stock, valued at $13,605,587.72. The disclosure for this sale can be found here. Insiders sold a total of 54,285 shares of company stock worth $6,148,228 over the last 90 days. Company insiders own 3.40% of the company’s stock.

Hedge Funds Weigh In On Enphase Energy

Hedge funds have recently bought and sold shares of the stock. Donoghue Forlines LLC boosted its holdings in Enphase Energy by 4.8% in the 4th quarter. Donoghue Forlines LLC now owns 1,953 shares of the semiconductor company’s stock worth $258,000 after acquiring an additional 90 shares during the period. Fermata Advisors LLC lifted its stake in Enphase Energy by 1.4% during the first quarter. Fermata Advisors LLC now owns 7,070 shares of the semiconductor company’s stock valued at $855,000 after purchasing an additional 100 shares during the last quarter. Hollencrest Capital Management lifted its position in shares of Enphase Energy by 3.3% in the 1st quarter. Hollencrest Capital Management now owns 3,095 shares of the semiconductor company’s stock valued at $374,000 after acquiring an additional 100 shares in the last quarter. Fulton Breakefield Broenniman LLC increased its stake in Enphase Energy by 0.9% in the 4th quarter. Fulton Breakefield Broenniman LLC now owns 11,386 shares of the semiconductor company’s stock valued at $1,505,000 after buying an additional 107 shares during the period. Finally, VitalStone Financial LLC raised its holdings in shares of Enphase Energy by 14.3% during the 4th quarter. VitalStone Financial LLC now owns 888 shares of the semiconductor company’s stock valued at $117,000 after purchasing an additional 111 shares in the last quarter. Hedge funds and other institutional investors own 72.12% of the company’s stock.

Enphase Energy Price Performance

ENPH opened at $112.36 on Thursday. The company has a quick ratio of 3.78, a current ratio of 4.16 and a debt-to-equity ratio of 1.30. The company’s 50-day moving average price is $115.88 and its 200 day moving average price is $111.18. The firm has a market cap of $15.29 billion, a price-to-earnings ratio of 58.52, a price-to-earnings-growth ratio of 4.08 and a beta of 1.50. Enphase Energy has a fifty-two week low of $73.49 and a fifty-two week 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 31.89% and a net margin of 15.10%. The business had revenue of $302.57 million during the quarter, compared to analyst estimates of $327.06 million. As a group, sell-side analysts expect that Enphase Energy will post 1.59 earnings per share for the current year.

Enphase Energy Company Profile

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.