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

Shares of Enphase Energy, Inc. (NASDAQ:ENPH) have received an average rating of “Hold” from the thirty-three analysts that are currently covering the company, Marketbeat Ratings reports. Three research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and fourteen have issued a buy rating on the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $90.42.

A number of equities research analysts recently commented on ENPH shares. JPMorgan Chase & Co. dropped their price objective on shares of Enphase Energy from $112.00 to $91.00 and set an “overweight” rating on the stock in a report on Thursday, January 23rd. The Goldman Sachs Group dropped their price target on Enphase Energy from $121.00 to $105.00 and set a “buy” rating on the stock in a research note on Wednesday, January 22nd. Redburn Atlantic assumed coverage on Enphase Energy in a report on Monday, March 3rd. They set a “neutral” rating for the company. Susquehanna cut their target price on Enphase Energy from $79.00 to $76.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 5th. Finally, Glj Research reaffirmed a “sell” rating and set a $50.69 price target on shares of Enphase Energy in a research note on Tuesday, February 4th.

Insider Transactions at Enphase Energy

In other Enphase Energy news, CFO Mandy Yang sold 1,319 shares of the stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $63.32, for a total value of $83,519.08. Following the transaction, the chief financial officer now directly owns 78,524 shares of the company’s stock, valued at $4,972,139.68. This represents a 1.65 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, 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 of the company’s stock, valued at approximately $115,276,617.60. This represents a 5.05 % decrease in their position. The disclosure for this sale can be found here. 3.40% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

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

Enphase Energy Stock Down 3.9 %

NASDAQ:ENPH opened at $60.83 on Wednesday. Enphase Energy has a 1 year low of $51.63 and a 1 year high of $141.63. The stock has a 50-day moving average price of $64.15 and a two-hundred day moving average price of $80.39. The stock has a market cap of $8.06 billion, a price-to-earnings ratio of 82.20 and a beta of 2.12. The company has a current ratio of 3.53, a quick ratio of 3.28 and a debt-to-equity ratio of 1.44.

Enphase Energy (NASDAQ:ENPH) last issued its quarterly earnings data on Tuesday, February 4th. The semiconductor company reported $0.57 earnings per share (EPS) 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%. As a group, equities analysts expect that Enphase Energy will post 2.08 earnings per share for the current year.

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.