Enphase Energy, Inc. (NASDAQ:ENPH) Director Steven J. Gomo Sells 20,000 Shares

Enphase Energy, Inc. (NASDAQ:ENPH) Director Steven J. Gomo sold 20,000 shares of the company’s stock in a transaction that occurred on Thursday, April 25th. The shares were sold at an average price of $104.69, for a total value of $2,093,800.00. Following the completion of the transaction, the director now directly owns 118,360 shares in the company, valued at $12,391,108.40. The transaction was disclosed in a filing with the SEC, which is available at this link.

Enphase Energy Trading Up 3.8 %

Shares of Enphase Energy stock opened at $111.93 on Friday. The firm has a market cap of $15.23 billion, a price-to-earnings ratio of 58.30, a PEG ratio of 3.17 and a beta of 1.47. The business has a 50-day moving average price of $118.22 and a 200-day moving average price of $111.90. The company has a quick ratio of 4.19, a current ratio of 4.16 and a debt-to-equity ratio of 1.30. Enphase Energy, Inc. has a twelve month low of $73.49 and a twelve month high of $192.22.

Enphase Energy (NASDAQ:ENPH) last issued its quarterly earnings data on Tuesday, February 6th. The semiconductor company reported $0.29 earnings per share for the quarter, beating analysts’ consensus estimates of $0.24 by $0.05. The firm had revenue of $302.57 million during the quarter, compared to analyst estimates of $327.06 million. Enphase Energy had a return on equity of 31.89% and a net margin of 15.10%. Equities research analysts anticipate that Enphase Energy, Inc. will post 1.96 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Bogart Wealth LLC bought a new position in shares of Enphase Energy in the 4th quarter valued at about $26,000. CVA Family Office LLC bought a new position in shares of Enphase Energy in the 4th quarter valued at about $31,000. YHB Investment Advisors Inc. bought a new position in shares of Enphase Energy in the 1st quarter valued at about $35,000. Parkside Financial Bank & Trust lifted its holdings in shares of Enphase Energy by 131.3% in the 3rd quarter. Parkside Financial Bank & Trust now owns 310 shares of the semiconductor company’s stock valued at $37,000 after acquiring an additional 176 shares during the last quarter. Finally, Covestor Ltd lifted its holdings in shares of Enphase Energy by 61.6% in the 3rd quarter. Covestor Ltd now owns 349 shares of the semiconductor company’s stock valued at $42,000 after acquiring an additional 133 shares during the last quarter. Hedge funds and other institutional investors own 72.12% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. JPMorgan Chase & Co. lowered their price objective on Enphase Energy from $141.00 to $128.00 and set an “overweight” rating on the stock in a research report on Wednesday. Citigroup cut Enphase Energy from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $126.00 to $121.00 in a research report on Friday, April 5th. Guggenheim cut Enphase Energy from a “neutral” rating to a “sell” rating and set a $92.00 price target on the stock. in a report on Wednesday. DZ Bank began coverage on Enphase Energy in a report on Wednesday, April 17th. They set a “hold” rating and a $116.00 price target on the stock. Finally, Jefferies Financial Group cut Enphase Energy from a “buy” rating to a “hold” rating and lowered their price target for the company from $135.00 to $111.00 in a report on Wednesday. Three research analysts have rated the stock with a sell rating, thirteen have given a hold rating and sixteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Enphase Energy has an average rating of “Hold” and a consensus price target of $137.41.

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.