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Shares of Enphase Energy, Inc. (NASDAQ:ENPH – Get Rating) have earned an average rating of “Moderate Buy” from the twenty-seven research firms that are covering the firm, Marketbeat.com reports. Seven equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating on the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $308.48.
Several brokerages have recently weighed in on ENPH. Piper Sandler upped their target price on Enphase Energy from $300.00 to $350.00 and gave the stock an “overweight” rating in a research report on Thursday. JPMorgan Chase & Co. decreased their target price on Enphase Energy from $321.00 to $289.00 and set an “overweight” rating for the company in a research report on Thursday, October 20th. Barclays increased their price target on Enphase Energy from $292.00 to $311.00 and gave the company an “equal weight” rating in a report on Wednesday, October 26th. Susquehanna Bancshares downgraded Enphase Energy to a “neutral” rating and set a $365.00 price target for the company. in a report on Thursday, December 15th. Finally, Cowen increased their price target on Enphase Energy from $278.00 to $335.00 in a report on Wednesday, October 26th.
Insider Activity at Enphase Energy
In related news, CEO Badrinarayanan Kothandaraman sold 36,327 shares of the firm’s stock in a transaction that occurred 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 sale, the chief executive officer now directly owns 1,131,459 shares in the company, valued at approximately $370,722,541.35. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, CEO Badrinarayanan Kothandaraman sold 36,327 shares of the firm’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 transaction, the chief executive officer now owns 1,131,459 shares of the company’s stock, valued at $370,722,541.35. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Mandy Yang sold 9,454 shares of the firm’s stock in a transaction dated Thursday, October 27th. The shares were sold at an average price of $297.54, for a total value of $2,812,943.16. Following the transaction, the chief financial officer now directly owns 88,399 shares of the company’s stock, valued at approximately $26,302,238.46. The disclosure for this sale can be found here. Insiders have sold a total of 201,128 shares of company stock worth $63,385,815 in the last three months. 4.80% of the stock is owned by company insiders.
Institutional Inflows and Outflows
Large investors have recently bought and sold shares of the company. Thompson Siegel & Walmsley LLC acquired a new position in shares of Enphase Energy in the 3rd quarter valued at $28,000. Hanseatic Management Services Inc. acquired a new position in shares of Enphase Energy in the 3rd quarter valued at $34,000. Elequin Capital LP acquired a new stake in Enphase Energy during the 1st quarter worth about $26,000. GHP Investment Advisors Inc. acquired a new stake in Enphase Energy during the 2nd quarter worth about $26,000. Finally, Private Trust Co. NA boosted its position in Enphase Energy by 294.1% during the 3rd quarter. Private Trust Co. NA now owns 134 shares of the semiconductor company’s stock worth $37,000 after acquiring an additional 100 shares during the period. Institutional investors own 73.79% of the company’s stock.
Enphase Energy Price Performance
ENPH stock opened at $293.95 on Monday. The stock has a 50-day moving average price of $299.51 and a two-hundred day moving average price of $270.10. Enphase Energy has a 12-month low of $113.40 and a 12-month high of $339.92. The company has a current ratio of 3.60, a quick ratio of 3.34 and a debt-to-equity ratio of 1.96. The company has a market cap of $39.95 billion, a PE ratio of 141.32, a price-to-earnings-growth ratio of 1.95 and a beta of 1.30.
Enphase Energy (NASDAQ:ENPH – Get Rating) last posted its quarterly earnings results on Tuesday, October 25th. The semiconductor company reported $0.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.77 by $0.11. Enphase Energy had a return on equity of 76.66% and a net margin of 14.67%. The firm had revenue of $634.71 million during the quarter, compared to the consensus estimate of $616.50 million. As a group, research analysts predict that Enphase Energy will post 3.18 EPS for the current year.
About Enphase Energy
(Get Rating)
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 services.
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