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

Shares of Enphase Energy, Inc. (NASDAQ:ENPH) have been given an average rating of “Hold” by the thirty-one analysts that are presently covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and sixteen have given a buy rating to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $133.45.

Several brokerages recently weighed in on ENPH. Oppenheimer lifted their price target on Enphase Energy from $133.00 to $134.00 and gave the company an “outperform” rating in a research note on Wednesday, April 24th. B. Riley raised their price objective on shares of Enphase Energy from $121.00 to $149.00 and gave the company a “buy” rating in a research note on Monday, April 22nd. Wells Fargo & Company lowered their price objective on Enphase Energy from $141.00 to $130.00 and set an “overweight” rating for the company in a research report on Wednesday, April 24th. Jefferies Financial Group cut Enphase Energy from a “buy” rating to a “hold” rating and decreased their target price for the company from $135.00 to $111.00 in a research report on Wednesday, April 24th. Finally, Citigroup cut shares of Enphase Energy from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $126.00 to $121.00 in a research note on Friday, April 5th.

Enphase Energy Stock Down 2.2 %

Shares of ENPH opened at $112.36 on Thursday. Enphase Energy has a 1 year low of $73.49 and a 1 year high of $192.22. The company has a debt-to-equity ratio of 1.30, a current ratio of 4.16 and a quick ratio of 3.78. The business’s 50 day simple moving average is $115.88 and its 200-day simple moving average is $111.18. The stock has a market capitalization of $15.29 billion, a price-to-earnings ratio of 58.52, a price-to-earnings-growth ratio of 4.08 and a beta of 1.50.

Enphase Energy (NASDAQ:ENPH) last released its quarterly earnings results on Tuesday, February 6th. The semiconductor company reported $0.29 EPS for the quarter, topping the consensus estimate of $0.24 by $0.05. Enphase Energy had a return on equity of 31.89% and a net margin of 15.10%. The firm had revenue of $302.57 million during the quarter, compared to analyst estimates of $327.06 million. As a group, equities analysts expect that Enphase Energy will post 1.59 earnings per share for the current fiscal year.

Insider Activity

In other Enphase Energy news, CEO Badrinarayanan Kothandaraman purchased 4,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 27th. The stock was bought at an average cost of $120.54 per share, for a total transaction of $482,160.00. Following the purchase, the chief executive officer now directly owns 1,655,171 shares in the company, valued at $199,514,312.34. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CEO Badrinarayanan Kothandaraman bought 4,000 shares of the firm’s stock in a transaction on Tuesday, February 27th. The stock was acquired at an average cost of $120.54 per share, for a total transaction of $482,160.00. Following the purchase, the chief executive officer now owns 1,655,171 shares in the company, valued at $199,514,312.34. The acquisition was disclosed in a filing with the SEC, which is available through this link. Also, Director Richard Mora sold 24,285 shares of the stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $120.59, for a total transaction of $2,928,528.15. Following the completion of the transaction, the director now owns 3,126 shares in the company, valued at $376,964.34. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 54,285 shares of company stock valued at $6,148,228. Insiders own 3.40% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Bogart Wealth LLC purchased a new position in shares of Enphase Energy in the fourth quarter worth $26,000. Manchester Capital Management LLC lifted its stake in Enphase Energy by 1,068.4% in the 1st quarter. Manchester Capital Management LLC now owns 222 shares of the semiconductor company’s stock worth $27,000 after purchasing an additional 203 shares in the last quarter. CVA Family Office LLC purchased a new position in shares of Enphase Energy during the 4th quarter worth $31,000. Chilton Capital Management LLC boosted its holdings in Enphase Energy by 2,733.3% in the 1st quarter. Chilton Capital Management LLC now owns 255 shares of the semiconductor company’s stock valued at $31,000 after purchasing an additional 246 shares during the last quarter. Finally, YHB Investment Advisors Inc. acquired a new stake in Enphase Energy during the first quarter worth $35,000. 72.12% of the stock is owned by hedge funds and other institutional investors.

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.