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

Shares of Enphase Energy, Inc. (NASDAQ:ENPH) have earned an average recommendation of “Hold” from the thirty-three analysts that are presently covering the stock, Marketbeat.com reports. Four research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and fourteen have assigned a buy rating to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $90.36.

Several equities research analysts have weighed in on the stock. Morgan Stanley lowered their price objective on shares of Enphase Energy from $68.00 to $67.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 5th. Citigroup cut shares of Enphase Energy from a “neutral” rating to a “negative” rating in a research report on Wednesday. Redburn Atlantic started coverage on Enphase Energy in a research report on Monday, March 3rd. They issued a “neutral” rating on the stock. TD Cowen dropped their target price on Enphase Energy from $120.00 to $100.00 and set a “buy” rating for the company in a research report on Monday, January 27th. Finally, Canaccord Genuity Group upgraded Enphase Energy from a “hold” rating to a “buy” rating and raised their price target for the company from $76.00 to $82.00 in a report on Wednesday, February 5th.

Insider Activity at Enphase Energy

In other Enphase Energy news, Director Thurman J. Rodgers sold 100,000 shares of the business’s stock in a transaction that occurred on Friday, March 7th. The stock was sold at an average price of $61.26, for a total value of $6,126,000.00. Following the sale, the director now owns 1,881,760 shares in the company, valued at approximately $115,276,617.60. The trade was a 5.05 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Mandy Yang sold 1,319 shares of Enphase Energy stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $63.32, for a total transaction of $83,519.08. Following the completion of the sale, the chief financial officer now owns 78,524 shares in the company, valued at $4,972,139.68. This trade represents a 1.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.40% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Enphase Energy

Hedge funds have recently modified their holdings of the stock. Siemens Fonds Invest GmbH acquired a new position in Enphase Energy during the fourth quarter valued at approximately $289,000. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in Enphase Energy in the fourth quarter valued at $18,580,000. Fourth Dimension Wealth LLC bought a new position in shares of Enphase Energy in the 4th quarter valued at about $103,000. Voloridge Investment Management LLC bought a new stake in shares of Enphase Energy in the 4th quarter valued at about $32,251,000. Finally, Worldquant Millennium Advisors LLC lifted its stake in Enphase Energy by 531.4% in the 4th quarter. Worldquant Millennium Advisors LLC now owns 805,791 shares of the semiconductor company’s stock valued at $55,342,000 after purchasing an additional 678,163 shares during the last quarter. Institutional investors own 72.12% of the company’s stock.

Enphase Energy Stock Performance

NASDAQ ENPH opened at $61.65 on Friday. Enphase Energy has a 1-year low of $51.63 and a 1-year high of $141.63. The company has a 50 day moving average of $62.24 and a 200-day moving average of $75.68. The company has a current ratio of 3.53, a quick ratio of 3.28 and a debt-to-equity ratio of 1.44. The firm has a market cap of $8.17 billion, a price-to-earnings ratio of 83.31 and a beta of 2.12.

Enphase Energy (NASDAQ:ENPH) last posted its quarterly earnings data on Tuesday, February 4th. The semiconductor company reported $0.57 EPS for the quarter, topping analysts’ consensus estimates of $0.43 by $0.14. Enphase Energy had a return on equity of 15.62% and a net margin of 7.72%. On average, equities analysts forecast that Enphase Energy will post 2.08 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.