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

Shares of Enphase Energy, Inc. (NASDAQ:ENPH) have been given an average rating of “Hold” by the thirty-two ratings firms that are currently covering the firm, MarketBeat.com reports. Three investment analysts have rated the stock with a sell rating, twelve have given a hold rating and seventeen have issued a buy rating on the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $130.45.

Several equities research analysts recently commented on ENPH shares. Susquehanna restated a “positive” rating and set a $140.00 target price on shares of Enphase Energy in a research report on Friday, April 5th. Jefferies Financial Group downgraded Enphase Energy from a “buy” rating to a “hold” rating and dropped their price objective for the company from $135.00 to $111.00 in a research note on Wednesday, April 24th. Citigroup lowered Enphase Energy from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $126.00 to $121.00 in a report on Friday, April 5th. Oppenheimer raised their price target on Enphase Energy from $133.00 to $134.00 and gave the stock an “outperform” rating in a report on Wednesday, April 24th. Finally, Piper Sandler reaffirmed a “neutral” rating and issued a $111.00 price target (down from $113.00) on shares of Enphase Energy in a report on Wednesday, April 24th.

Enphase Energy Trading Up 2.2 %

NASDAQ:ENPH opened at $105.23 on Friday. Enphase Energy has a fifty-two week low of $73.49 and a fifty-two week high of $192.22. The company has a debt-to-equity ratio of 1.30, a current ratio of 4.16 and a quick ratio of 3.78. The stock has a market capitalization of $14.32 billion, a PE ratio of 54.81, a price-to-earnings-growth ratio of 4.02 and a beta of 1.77. The business’s 50-day simple moving average is $117.18 and its 200-day simple moving average is $117.91.

Enphase Energy (NASDAQ:ENPH) last posted its quarterly earnings results on Tuesday, April 23rd. The semiconductor company reported ($0.06) earnings per share for the quarter, missing the consensus estimate of $0.11 by ($0.17). The company had revenue of $263.34 million for the quarter, compared to analyst estimates of $280.06 million. Enphase Energy had a return on equity of 31.89% and a net margin of 15.10%. Sell-side analysts expect that Enphase Energy will post 1.49 earnings per share for the current fiscal year.

Insider Activity at Enphase Energy

In related news, CFO Mandy Yang acquired 4,000 shares of the stock in a transaction dated Thursday, May 2nd. The shares were acquired at an average price of $104.24 per share, for a total transaction of $416,960.00. Following the completion of the purchase, the chief financial officer now owns 62,973 shares in the company, valued at approximately $6,564,305.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Enphase Energy news, Director Steven J. Gomo sold 20,000 shares of Enphase Energy stock in a transaction on Thursday, April 25th. The stock was sold at an average price of $104.69, for a total transaction of $2,093,800.00. Following the completion of the transaction, the director now directly owns 118,360 shares of the company’s stock, valued at $12,391,108.40. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Mandy Yang acquired 4,000 shares of the business’s stock in a transaction on Thursday, May 2nd. The shares were bought at an average cost of $104.24 per share, with a total value of $416,960.00. Following the completion of the acquisition, the chief financial officer now owns 62,973 shares of the company’s stock, valued at approximately $6,564,305.52. The disclosure for this purchase can be found here. Over the last quarter, insiders have sold 349,526 shares of company stock valued at $43,721,225. 3.40% of the stock is currently owned by corporate insiders.

Institutional Trading of Enphase Energy

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Donoghue Forlines LLC grew its position in shares of Enphase Energy by 4.8% in the 4th quarter. Donoghue Forlines LLC now owns 1,953 shares of the semiconductor company’s stock valued at $258,000 after purchasing an additional 90 shares during the period. Fermata Advisors LLC raised its stake in shares of Enphase Energy by 1.4% during the 1st quarter. Fermata Advisors LLC now owns 7,070 shares of the semiconductor company’s stock worth $855,000 after purchasing an additional 100 shares in the last quarter. Hollencrest Capital Management raised its stake in shares of Enphase Energy by 3.3% during the 1st quarter. Hollencrest Capital Management now owns 3,095 shares of the semiconductor company’s stock worth $374,000 after purchasing an additional 100 shares in the last quarter. Fulton Breakefield Broenniman LLC raised its stake in shares of Enphase Energy by 0.9% during the 4th quarter. Fulton Breakefield Broenniman LLC now owns 11,386 shares of the semiconductor company’s stock worth $1,505,000 after purchasing an additional 107 shares in the last quarter. Finally, VitalStone Financial LLC increased 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 worth $117,000 after acquiring an additional 111 shares during the last quarter. 72.12% of the stock is currently owned by institutional investors and hedge funds.

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.