Enphase Energy’s (ENPH) “Sell” Rating Reaffirmed at Glj Research

Enphase Energy (NASDAQ:ENPH)‘s stock had its “sell” rating reissued by Glj Research in a research report issued to clients and investors on Tuesday,Benzinga reports. They currently have a $50.69 target price on the semiconductor company’s stock. Glj Research’s price objective suggests a potential downside of 24.17% from the stock’s previous close.

Several other equities research analysts have also recently weighed in on ENPH. Janney Montgomery Scott cut shares of Enphase Energy from a “buy” rating to a “neutral” rating and set a $83.00 price objective for the company. in a research report on Wednesday, October 23rd. Bank of America dropped their target price on Enphase Energy from $72.00 to $62.00 and set an “underperform” rating for the company in a research report on Thursday, November 7th. StockNews.com upgraded shares of Enphase Energy from a “sell” rating to a “hold” rating in a research report on Thursday, October 24th. Raymond James dropped their price target on shares of Enphase Energy from $140.00 to $130.00 and set an “outperform” rating for the company in a research note on Wednesday, October 23rd. Finally, The Goldman Sachs Group cut their price objective on shares of Enphase Energy from $121.00 to $105.00 and set a “buy” rating on the stock in a report on Wednesday, January 22nd. Three investment analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $93.22.

Enphase Energy Price Performance

NASDAQ ENPH traded up $2.94 during trading hours on Tuesday, reaching $66.85. 1,566,584 shares of the company’s stock were exchanged, compared to its average volume of 3,415,468. The firm has a fifty day moving average of $69.11 and a 200-day moving average of $89.39. The company has a current ratio of 4.16, a quick ratio of 3.88 and a debt-to-equity ratio of 1.29. Enphase Energy has a one year low of $58.33 and a one year high of $141.63. The stock has a market cap of $9.03 billion, a PE ratio of 151.92, a price-to-earnings-growth ratio of 8.22 and a beta of 1.68.

Institutional Trading of Enphase Energy

Large investors have recently modified their holdings of the stock. Avior Wealth Management LLC lifted its position in Enphase Energy by 6,975.0% during the third quarter. Avior Wealth Management LLC now owns 283 shares of the semiconductor company’s stock worth $32,000 after purchasing an additional 279 shares during the period. UMB Bank n.a. lifted its holdings in shares of Enphase Energy by 784.8% during the 3rd quarter. UMB Bank n.a. now owns 292 shares of the semiconductor company’s stock worth $33,000 after acquiring an additional 259 shares during the period. nVerses Capital LLC bought a new position in Enphase Energy in the third quarter valued at approximately $34,000. Stone House Investment Management LLC acquired a new position in Enphase Energy during the third quarter valued at approximately $34,000. Finally, Quarry LP bought a new stake in Enphase Energy during the third quarter worth $37,000. 72.12% of the stock is 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.