Brokerages Set Enphase Energy, Inc. (NASDAQ:ENPH) Price Target at $90.42

Shares of Enphase Energy, Inc. (NASDAQ:ENPH) have received a consensus rating of “Hold” from the thirty-two ratings firms that are currently covering the stock, Marketbeat.com reports. Three analysts have rated the stock with a sell recommendation, fifteen have issued a hold recommendation and fourteen have assigned a buy recommendation to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $90.42.

A number of equities analysts have recently issued reports on the company. Susquehanna dropped their target price on Enphase Energy from $79.00 to $76.00 and set a “neutral” rating for the company in a report on Wednesday, February 5th. TD Cowen cut their price objective on Enphase Energy from $120.00 to $100.00 and set a “buy” rating for the company in a report on Monday, January 27th. Piper Sandler reduced their target price on shares of Enphase Energy from $70.00 to $65.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 5th. Royal Bank of Canada dropped their target price on shares of Enphase Energy from $85.00 to $71.00 and set a “sector perform” rating for the company in a research report on Friday, November 22nd. Finally, Guggenheim upgraded shares of Enphase Energy from a “sell” rating to a “neutral” rating and set a $62.00 price target on the stock in a research report on Friday, January 31st.

Enphase Energy Stock Up 2.2 %

ENPH opened at $63.94 on Friday. The company has a market capitalization of $8.64 billion, a P/E ratio of 86.41, a P/E/G ratio of 8.78 and a beta of 1.68. The company has a debt-to-equity ratio of 1.44, a current ratio of 3.53 and a quick ratio of 3.88. The firm’s fifty day moving average price is $67.61 and its two-hundred day moving average price is $86.71. Enphase Energy has a fifty-two week low of $58.33 and a fifty-two week high of $141.63.

Enphase Energy (NASDAQ:ENPH) last issued its earnings results on Tuesday, February 4th. The semiconductor company reported $0.57 earnings per share for the quarter, missing the consensus estimate of $0.72 by ($0.15). Enphase Energy had a net margin of 7.72% and a return on equity of 15.62%. On average, analysts anticipate that Enphase Energy will post 2.12 EPS for the current year.

Institutional Trading of Enphase Energy

A number of large investors have recently made changes to their positions in the company. Avior Wealth Management LLC raised its stake in shares of Enphase Energy by 6,975.0% in the 3rd quarter. Avior Wealth Management LLC now owns 283 shares of the semiconductor company’s stock valued at $32,000 after purchasing an additional 279 shares during the period. UMB Bank n.a. lifted its position in 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 buying an additional 259 shares in the last quarter. nVerses Capital LLC bought a new stake in Enphase Energy during the 3rd quarter worth about $34,000. Stone House Investment Management LLC acquired a new position in shares of Enphase Energy during the 3rd quarter worth about $34,000. Finally, Quarry LP bought a new position in shares of Enphase Energy in the 3rd quarter valued at about $37,000. Institutional investors own 72.12% of the company’s stock.

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.