Enphase Energy (NASDAQ:ENPH – Get Rating) had its price objective dropped by Citigroup from $285.00 to $267.00 in a research note issued to investors on Thursday, The Fly reports. Citigroup’s price target indicates a potential upside of 62.61% from the company’s current price.
ENPH has been the subject of a number of other research reports. Morgan Stanley assumed coverage on Enphase Energy in a report on Monday, April 3rd. They set an “equal weight” rating and a $268.00 target price for the company. HSBC began coverage on Enphase Energy in a report on Thursday, April 13th. They issued a “buy” rating and a $271.00 price objective on the stock. JPMorgan Chase & Co. dropped their target price on shares of Enphase Energy from $310.00 to $307.00 and set an “overweight” rating for the company in a report on Wednesday, February 8th. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Enphase Energy from $285.00 to $280.00 and set a “buy” rating on the stock in a research note on Thursday, April 13th. Finally, The Goldman Sachs Group dropped their price objective on shares of Enphase Energy from $329.00 to $295.00 and set a “buy” rating for the company in a research note on Thursday, March 30th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and twenty-two have issued a buy rating to the stock. According to data from MarketBeat, Enphase Energy has a consensus rating of “Moderate Buy” and a consensus target price of $281.97.
Enphase Energy Price Performance
Enphase Energy stock opened at $164.20 on Thursday. The stock has a market capitalization of $22.50 billion, a P/E ratio of 48.01, a P/E/G ratio of 1.61 and a beta of 1.54. The company’s fifty day moving average price is $204.97 and its 200 day moving average price is $246.72. The company has a debt-to-equity ratio of 1.24, a quick ratio of 3.31 and a current ratio of 3.45. Enphase Energy has a 1 year low of $128.67 and a 1 year high of $339.92.
Enphase Energy (NASDAQ:ENPH – Get Rating) last announced its earnings results on Tuesday, February 7th. The semiconductor company reported $1.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.92 by $0.21. Enphase Energy had a net margin of 18.83% and a return on equity of 74.86%. The business had revenue of $724.65 million for the quarter, compared to analyst estimates of $704.00 million. As a group, equities research analysts anticipate that Enphase Energy will post 3.92 earnings per share for the current fiscal year.
Insider Buying and Selling
In other Enphase Energy news, Director Richard Mora sold 4,500 shares of Enphase Energy stock in a transaction dated Friday, March 3rd. The stock was sold at an average price of $214.62, for a total value of $965,790.00. Following the completion of the transaction, the director now directly owns 1,600 shares of the company’s stock, valued at approximately $343,392. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, EVP David A. Ranhoff sold 7,500 shares of the business’s stock in a transaction on Tuesday, February 21st. The stock was sold at an average price of $203.25, for a total transaction of $1,524,375.00. Following the completion of the transaction, the executive vice president now directly owns 97,102 shares of the company’s stock, valued at approximately $19,735,981.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Richard Mora sold 4,500 shares of the company’s stock in a transaction dated Friday, March 3rd. The stock was sold at an average price of $214.62, for a total value of $965,790.00. Following the sale, the director now owns 1,600 shares in the company, valued at approximately $343,392. The disclosure for this sale can be found here. 4.80% of the stock is owned by corporate insiders.
Hedge Funds Weigh In On Enphase Energy
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Thompson Siegel & Walmsley LLC acquired a new position in Enphase Energy during the 3rd quarter worth approximately $28,000. Align Wealth Management LLC acquired a new position in shares of Enphase Energy during the fourth quarter worth $28,000. NewSquare Capital LLC purchased a new position in Enphase Energy in the fourth quarter valued at $28,000. Resurgent Financial Advisors LLC acquired a new stake in Enphase Energy in the fourth quarter valued at $29,000. Finally, Hanseatic Management Services Inc. purchased a new stake in Enphase Energy during the 3rd quarter worth about $34,000. 73.79% of the stock is owned by institutional investors and hedge funds.
About Enphase Energy
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.
See Also
Receive News & Ratings for Enphase Energy Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Enphase Energy and related companies with MarketBeat.com’s FREE daily email newsletter.
Source: defenseworld.net
