Enphase Energy, Inc. (NASDAQ:ENPH) Given Consensus Rating of “Moderate Buy” by Analysts

Enphase Energy, Inc. (NASDAQ:ENPH – Get Rating) has been assigned a consensus recommendation of “Moderate Buy” from the twenty-eight research firms that are currently covering the stock, Marketbeat Ratings reports. Seven research analysts have rated the stock with a hold recommendation and fifteen have assigned a buy recommendation to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $307.70.

Several equities research analysts recently weighed in on the company. Deutsche Bank Aktiengesellschaft decreased their target price on Enphase Energy from $330.00 to $285.00 and set a “buy” rating for the company in a research note on Tuesday, January 17th. Janney Montgomery Scott raised Enphase Energy from a “neutral” rating to a “buy” rating and set a $282.00 price target on the stock in a research report on Monday, February 27th. Susquehanna cut their price target on Enphase Energy from $365.00 to $275.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 8th. Wells Fargo & Company lifted their price target on Enphase Energy from $326.00 to $379.00 and gave the stock an “overweight” rating in a research report on Friday, February 3rd. Finally, OTR Global lowered Enphase Energy to a “positive” rating in a report on Tuesday, January 24th.

Enphase Energy Price Performance

ENPH stock opened at $210.22 on Friday. The business has a 50 day moving average price of $222.36 and a 200 day moving average price of $268.16. The stock has a market cap of $28.70 billion, a price-to-earnings ratio of 75.89, a PEG ratio of 1.23 and a beta of 1.49. Enphase Energy has a fifty-two week low of $128.67 and a fifty-two week high of $339.92. The company has a quick ratio of 3.31, a current ratio of 3.55 and a debt-to-equity ratio of 1.45.

Insider Activity at Enphase Energy

In related news, CEO Badrinarayanan Kothandaraman sold 36,327 shares of the company’s stock in a transaction on Wednesday, December 14th. The stock was sold at an average price of $327.65, for a total value of $11,902,541.55. Following the completion of the transaction, the chief executive officer now directly owns 1,131,459 shares in the company, valued at $370,722,541.35. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Enphase Energy news, CEO Badrinarayanan Kothandaraman sold 36,327 shares of the company’s stock in a transaction dated Wednesday, December 14th. The stock was sold at an average price of $327.65, for a total transaction of $11,902,541.55. Following the completion of the sale, the chief executive officer now directly owns 1,131,459 shares in the company, valued at $370,722,541.35. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP David A. Ranhoff sold 7,500 shares of the company’s stock in a transaction dated Tuesday, February 21st. The stock was sold at an average price of $203.25, for a total value of $1,524,375.00. Following the sale, the executive vice president now owns 97,102 shares of the company’s stock, valued at $19,735,981.50. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 63,327 shares of company stock worth $19,289,007. 4.80% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Enphase Energy

A number of large investors have recently modified their holdings of the stock. Mackenzie Financial Corp boosted its holdings in Enphase Energy by 21.6% in the second quarter. Mackenzie Financial Corp now owns 10,795 shares of the semiconductor company’s stock valued at $2,108,000 after purchasing an additional 1,920 shares during the last quarter. Vanguard Personalized Indexing Management LLC boosted its holdings in Enphase Energy by 12.4% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 7,508 shares of the semiconductor company’s stock valued at $1,466,000 after purchasing an additional 831 shares during the last quarter. Signaturefd LLC boosted its holdings in Enphase Energy by 31.5% in the third quarter. Signaturefd LLC now owns 1,569 shares of the semiconductor company’s stock valued at $435,000 after purchasing an additional 376 shares during the last quarter. Jackson Square Capital LLC boosted its holdings in Enphase Energy by 3.9% in the third quarter. Jackson Square Capital LLC now owns 1,738 shares of the semiconductor company’s stock valued at $482,000 after purchasing an additional 65 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA purchased a new position in Enphase Energy in the second quarter valued at about $4,836,000. Institutional investors and hedge funds own 73.79% of the company’s stock.

About Enphase Energy

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Enphase Energy, Inc is a global energy technology company, which engages in the design, development, manufacture, and sale of micro inverter systems for the solar photovoltaic industry. The firm’s products include IQ 7 Microinverter Series, IQ Battery, IQ Envoy, IQ Microinverter Accessories, IQ Envoy Accessories and Enlighten & Apps.