Enphase Energy, Inc. (NASDAQ:ENPH) Given Average … – MarketBeat
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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
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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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