Brokerages Set Enphase Energy, Inc. (NASDAQ:ENPH) Target Price at $100.33

Enphase Energy, Inc. (NASDAQ:ENPH) has been assigned an average rating of “Hold” from the thirty-three brokerages that are covering the company, Marketbeat.com reports. Four equities research analysts have rated the stock with a sell recommendation, fifteen have assigned a hold recommendation and fourteen have issued a buy recommendation on the company. The average 1-year price target among brokerages that have covered the stock in the last year is $100.33.

A number of brokerages have recently issued reports on ENPH. Roth Mkm lowered their price target on Enphase Energy from $130.00 to $100.00 and set a “buy” rating on the stock in a research note on Wednesday, October 23rd. Oppenheimer dropped their target price on shares of Enphase Energy from $134.00 to $101.00 and set an “outperform” rating for the company in a report on Wednesday, October 23rd. Royal Bank of Canada decreased their price target on shares of Enphase Energy from $85.00 to $71.00 and set a “sector perform” rating on the stock in a research note on Friday, November 22nd. OTR Global raised shares of Enphase Energy from a “negative” rating to a “mixed” rating in a research note on Friday, December 20th. Finally, Raymond James decreased their target price on shares of Enphase Energy from $140.00 to $130.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 23rd.

Enphase Energy Trading Down 0.4 %

Shares of ENPH stock opened at $73.01 on Friday. Enphase Energy has a 1-year low of $58.33 and a 1-year high of $141.63. The company has a market cap of $9.86 billion, a price-to-earnings ratio of 165.93, a PEG ratio of 22.03 and a beta of 1.69. The company has a debt-to-equity ratio of 1.29, a current ratio of 4.16 and a quick ratio of 3.88. The stock has a 50 day simple moving average of $73.74 and a 200-day simple moving average of $98.11.

Enphase Energy (NASDAQ:ENPH) last released its quarterly earnings results on Tuesday, October 22nd. The semiconductor company reported $0.65 earnings per share for the quarter, missing the consensus estimate of $0.77 by ($0.12). Enphase Energy had a return on equity of 10.56% and a net margin of 4.91%. The company had revenue of $380.90 million for the quarter, compared to analyst estimates of $392.51 million. During the same quarter last year, the company earned $0.84 EPS. The firm’s revenue for the quarter was down 30.9% on a year-over-year basis. On average, equities research analysts expect that Enphase Energy will post 0.94 EPS for the current fiscal year.

Hedge Funds Weigh In On Enphase Energy

A number of institutional investors and hedge funds have recently made changes to their positions in ENPH. Avior Wealth Management LLC lifted its stake in Enphase Energy by 6,975.0% in the third quarter. Avior Wealth Management LLC now owns 283 shares of the semiconductor company’s stock worth $32,000 after acquiring an additional 279 shares during the last quarter. UMB Bank n.a. grew its stake in shares of Enphase Energy by 784.8% during the third quarter. UMB Bank n.a. now owns 292 shares of the semiconductor company’s stock worth $33,000 after purchasing an additional 259 shares in the last quarter. nVerses Capital LLC acquired a new position in shares of Enphase Energy during the third quarter worth $34,000. Stone House Investment Management LLC acquired a new stake in Enphase Energy in the third quarter valued at $34,000. Finally, Quarry LP purchased a new stake in Enphase Energy during the 3rd quarter worth about $37,000. 72.12% of the stock is 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.