Enphase Energy, Inc. (NASDAQ:ENPH) Receives $100.33 Consensus PT from Brokerages

Shares of Enphase Energy, Inc. (NASDAQ:ENPH) have been given a consensus rating of “Hold” by the thirty-three research firms that are presently covering the stock, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and fourteen have issued a buy rating on the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $100.33.

Several equities analysts have recently issued reports on ENPH shares. Northland Securities cut their price objective on shares of Enphase Energy from $110.00 to $90.00 and set an “outperform” rating on the stock in a report on Tuesday, November 19th. Barclays dropped their price objective on shares of Enphase Energy from $129.00 to $114.00 and set an “overweight” rating on the stock in a report on Wednesday, October 23rd. Canaccord Genuity Group reissued a “hold” rating and issued a $76.00 price objective on shares of Enphase Energy in a report on Tuesday, November 19th. Canaccord Genuity Group downgraded shares of Enphase Energy from a “buy” rating to a “hold” rating in a report on Wednesday, October 23rd. Finally, Evercore ISI decreased their price objective on shares of Enphase Energy from $133.00 to $125.00 and set an “outperform” rating for the company in a research note on Wednesday, October 23rd.

Enphase Energy Stock Up 8.6 %

Shares of Enphase Energy stock opened at $71.45 on Friday. Enphase Energy has a 52-week low of $58.33 and a 52-week high of $141.63. The firm’s 50 day moving average price is $75.45 and its 200-day moving average price is $99.47. The company has a quick ratio of 3.88, a current ratio of 4.16 and a debt-to-equity ratio of 1.29. The company has a market cap of $9.65 billion, a P/E ratio of 162.39, a PEG ratio of 22.03 and a beta of 1.69.

Enphase Energy (NASDAQ:ENPH) last issued its quarterly earnings data on Tuesday, October 22nd. The semiconductor company reported $0.65 EPS for the quarter, missing the consensus estimate of $0.77 by ($0.12). The business had revenue of $380.90 million for the quarter, compared to analysts’ expectations of $392.51 million. Enphase Energy had a net margin of 4.91% and a return on equity of 10.56%. The business’s revenue for the quarter was down 30.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.84 EPS. On average, sell-side analysts predict that Enphase Energy will post 0.94 EPS for the current fiscal year.

Hedge Funds Weigh In On Enphase Energy

Several hedge funds and other institutional investors have recently added to or reduced their stakes in ENPH. Avior Wealth Management LLC boosted its stake in shares of 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. lifted its holdings in Enphase Energy by 784.8% in the 3rd quarter. UMB Bank n.a. now owns 292 shares of the semiconductor company’s stock valued at $33,000 after purchasing an additional 259 shares in the last quarter. nVerses Capital LLC acquired a new stake in Enphase Energy during the 3rd quarter worth $34,000. Stone House Investment Management LLC purchased a new stake in shares of Enphase Energy during the third quarter worth $34,000. Finally, Quarry LP acquired a new stake in shares of Enphase Energy in the third quarter valued at about $37,000. 72.12% of the stock is owned by hedge funds and other institutional investors.

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.