Enphase Energy, Inc. (NASDAQ:ENPH) Receives Average Rating of “Hold” from Analysts

Shares of Enphase Energy, Inc. (NASDAQ:ENPH) have received an average recommendation of “Hold” from the thirty analysts that are covering the company, Marketbeat.com reports. Three research analysts have rated the stock with a sell rating, ten have issued a hold rating and seventeen have given a buy rating to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $128.53.

A number of brokerages recently weighed in on ENPH. Piper Sandler raised their price objective on Enphase Energy from $111.00 to $120.00 and gave the company a “neutral” rating in a report on Monday, July 22nd. Oppenheimer raised their price objective on Enphase Energy from $133.00 to $134.00 and gave the company an “outperform” rating in a report on Wednesday, April 24th. Craig Hallum raised their price objective on Enphase Energy from $147.00 to $153.00 and gave the company a “buy” rating in a report on Wednesday. Mizuho decreased their price objective on Enphase Energy from $150.00 to $148.00 and set a “buy” rating on the stock in a report on Friday, April 19th. Finally, BMO Capital Markets raised their price objective on Enphase Energy from $110.00 to $115.00 and gave the company a “market perform” rating in a report on Wednesday.

Insider Activity at Enphase Energy

In related news, Director Thurman J. Rodgers sold 319,526 shares of Enphase Energy stock in a transaction that occurred on Wednesday, May 29th. The stock was sold at an average price of $126.53, for a total transaction of $40,429,624.78. Following the sale, the director now directly owns 1,984,562 shares in the company, valued at $251,106,629.86. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director Thurman J. Rodgers sold 319,526 shares of Enphase Energy stock in a transaction that occurred on Wednesday, May 29th. The stock was sold at an average price of $126.53, for a total transaction of $40,429,624.78. Following the sale, the director now directly owns 1,984,562 shares in the company, valued at $251,106,629.86. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Mandy Yang purchased 4,000 shares of the company’s stock in a transaction that occurred on 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 transaction, the chief financial officer now directly owns 62,973 shares of the company’s stock, valued at $6,564,305.52. The disclosure for this purchase can be found here. 3.40% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Enphase Energy

Hedge funds have recently added to or reduced their stakes in the stock. Bogart Wealth LLC bought a new stake in Enphase Energy in the fourth quarter worth $26,000. Manchester Capital Management LLC boosted its holdings in Enphase Energy by 1,068.4% in the first quarter. Manchester Capital Management LLC now owns 222 shares of the semiconductor company’s stock worth $27,000 after acquiring an additional 203 shares in the last quarter. CVA Family Office LLC bought a new stake in Enphase Energy in the fourth quarter worth $31,000. Chilton Capital Management LLC boosted its holdings in Enphase Energy by 2,733.3% in the first quarter. Chilton Capital Management LLC now owns 255 shares of the semiconductor company’s stock worth $31,000 after acquiring an additional 246 shares in the last quarter. Finally, YHB Investment Advisors Inc. bought a new stake in Enphase Energy in the first quarter worth $35,000. 72.12% of the stock is owned by institutional investors.

Enphase Energy Stock Up 1.5 %

Shares of NASDAQ ENPH opened at $119.34 on Tuesday. Enphase Energy has a 52 week low of $73.49 and a 52 week high of $175.59. The business has a 50-day simple moving average of $115.31 and a two-hundred day simple moving average of $115.32. The company has a quick ratio of 3.78, a current ratio of 4.23 and a debt-to-equity ratio of 1.36. The company has a market cap of $16.24 billion, a P/E ratio of 62.16, a P/E/G ratio of 5.73 and a beta of 1.71.

Enphase Energy (NASDAQ:ENPH) last issued its quarterly earnings results on Tuesday, July 23rd. The semiconductor company reported $0.43 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.06). The business had revenue of $303.80 million for the quarter, compared to the consensus estimate of $309.73 million. Enphase Energy had a net margin of 9.12% and a return on equity of 17.30%. The business’s revenue was down 57.3% compared to the same quarter last year. During the same quarter last year, the business posted $1.16 EPS. Research analysts anticipate that Enphase Energy will post 1.29 earnings per share for the current fiscal 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.