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

Enphase Energy, Inc. (NASDAQ:ENPHGet Free Report) has received a consensus recommendation of “Hold” from the thirty-one research firms that are presently covering the company, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, thirteen have given a hold recommendation and sixteen have issued a buy recommendation on the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $134.10.

A number of brokerages have issued reports on ENPH. StockNews.com lowered shares of Enphase Energy from a “hold” rating to a “sell” rating in a report on Wednesday, February 7th. Wells Fargo & Company cut their price objective on shares of Enphase Energy from $141.00 to $130.00 and set an “overweight” rating for the company in a report on Wednesday, April 24th. Barclays raised shares of Enphase Energy from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $115.00 to $134.00 in a report on Friday, April 26th. Morgan Stanley increased their price objective on shares of Enphase Energy from $97.00 to $106.00 and gave the company an “equal weight” rating in a report on Wednesday, February 7th. Finally, Craig Hallum lowered their target price on Enphase Energy from $159.00 to $147.00 and set a “buy” rating for the company in a research report on Wednesday, April 24th.

Get Our Latest Analysis on Enphase Energy

Insider Buying and Selling at Enphase Energy

In other Enphase Energy news, EVP David A. Ranhoff sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $108.89, for a total value of $544,450.00. Following the completion of the transaction, the executive vice president now directly owns 124,948 shares of the company’s stock, valued at $13,605,587.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, EVP David A. Ranhoff sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $108.89, for a total value of $544,450.00. Following the completion of the sale, the executive vice president now directly owns 124,948 shares in the company, valued at $13,605,587.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Thurman J. Rodgers sold 319,526 shares of the business’s stock in a transaction that occurred on Wednesday, May 29th. The shares were sold at an average price of $126.53, for a total value of $40,429,624.78. Following the completion of the sale, the director now owns 1,984,562 shares of the company’s stock, valued at $251,106,629.86. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 349,526 shares of company stock valued at $43,649,325. 3.40% of the stock is owned by company insiders.

Institutional Trading of Enphase Energy

Institutional investors and hedge funds have recently made changes to their positions in the business. GAMMA Investing LLC purchased a new stake in shares of Enphase Energy in the fourth quarter valued at approximately $206,000. Legato Capital Management LLC purchased a new stake in shares of Enphase Energy during the fourth quarter worth approximately $1,542,000. Assenagon Asset Management S.A. increased its position in shares of Enphase Energy by 348.6% during the fourth quarter. Assenagon Asset Management S.A. now owns 223,436 shares of the semiconductor company’s stock worth $29,525,000 after purchasing an additional 173,628 shares in the last quarter. AustralianSuper Pty Ltd purchased a new stake in shares of Enphase Energy during the fourth quarter worth approximately $566,000. Finally, Glenmede Trust Co. NA increased its position in shares of Enphase Energy by 92.7% during the third quarter. Glenmede Trust Co. NA now owns 3,162 shares of the semiconductor company’s stock worth $380,000 after purchasing an additional 1,521 shares in the last quarter. 72.12% of the stock is currently owned by hedge funds and other institutional investors.

Enphase Energy Price Performance

NASDAQ ENPH opened at $127.90 on Monday. Enphase Energy has a 52 week low of $73.49 and a 52 week high of $192.22. The firm has a market capitalization of $17.40 billion, a P/E ratio of 66.61, a PEG ratio of 4.93 and a beta of 1.50. 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 has a 50-day moving average price of $115.50 and a 200-day moving average price of $115.58.

Enphase Energy (NASDAQ:ENPHGet Free Report) last released its quarterly earnings results on Tuesday, April 23rd. The semiconductor company reported ($0.06) EPS for the quarter, missing the consensus estimate of $0.11 by ($0.17). The business had revenue of $263.34 million for the quarter, compared to analysts’ expectations of $280.06 million. Enphase Energy had a net margin of 15.10% and a return on equity of 31.89%. Equities research analysts anticipate that Enphase Energy will post 1.53 earnings per share for the current year.

About Enphase Energy

(Get Free Report

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.

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Analyst Recommendations for Enphase Energy (NASDAQ:ENPH)

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