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

Enphase Energy, Inc. (NASDAQ:ENPH) has received an average rating of “Hold” from the thirty-two research firms that are currently covering the company, MarketBeat reports. Three equities research analysts have rated the stock with a sell recommendation, thirteen have given a hold recommendation and sixteen have given a buy recommendation to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $111.26.

ENPH has been the subject of several recent analyst reports. Roth Mkm reduced their target price on Enphase Energy from $130.00 to $100.00 and set a “buy” rating for the company in a research report on Wednesday, October 23rd. BNP Paribas upgraded Enphase Energy from a “neutral” rating to an “outperform” rating and upped their price objective for the stock from $120.00 to $144.00 in a report on Wednesday, August 7th. Barclays cut their price objective on Enphase Energy from $129.00 to $114.00 and set an “overweight” rating for the company in a report on Wednesday, October 23rd. Oppenheimer dropped their target price on Enphase Energy from $134.00 to $101.00 and set an “outperform” rating for the company in a report on Wednesday, October 23rd. Finally, Guggenheim cut Enphase Energy from a “neutral” rating to a “sell” rating and set a $73.00 target price for the company. in a report on Wednesday, October 23rd.

Enphase Energy Stock Performance

NASDAQ:ENPH opened at $87.46 on Thursday. Enphase Energy has a 52-week low of $73.49 and a 52-week high of $141.63. The business’s fifty day moving average is $104.89 and its 200 day moving average is $110.56. The company has a debt-to-equity ratio of 1.29, a quick ratio of 3.88 and a current ratio of 4.16. The firm has a market cap of $11.82 billion, a price-to-earnings ratio of 198.77, a PEG ratio of 9.32 and a beta of 1.77.

Enphase Energy (NASDAQ:ENPH) last posted its earnings results on Tuesday, October 22nd. The semiconductor company reported $0.65 EPS for the quarter, missing the consensus estimate of $0.77 by ($0.12). Enphase Energy had a return on equity of 10.56% and a net margin of 4.91%. The business had revenue of $380.90 million for the quarter, compared to analysts’ expectations of $392.51 million. During the same quarter in the previous year, the firm earned $0.84 earnings per share. Enphase Energy’s quarterly revenue was down 30.9% compared to the same quarter last year. Research analysts predict that Enphase Energy will post 0.92 EPS for the current year.

Institutional Trading of Enphase Energy

Several institutional investors have recently added to or reduced their stakes in ENPH. Manchester Capital Management LLC boosted its stake in Enphase Energy by 1,068.4% during the 1st quarter. Manchester Capital Management LLC now owns 222 shares of the semiconductor company’s stock valued at $27,000 after purchasing an additional 203 shares during the last quarter. Chilton Capital Management LLC boosted its stake in shares of Enphase Energy by 2,733.3% in the 1st quarter. Chilton Capital Management LLC now owns 255 shares of the semiconductor company’s stock worth $31,000 after buying an additional 246 shares during the last quarter. UMB Bank n.a. boosted its stake in shares of Enphase Energy by 784.8% in the 3rd quarter. UMB Bank n.a. now owns 292 shares of the semiconductor company’s stock worth $33,000 after buying an additional 259 shares during the last quarter. nVerses Capital LLC purchased a new position in shares of Enphase Energy in the 3rd quarter worth $34,000. Finally, Quest Partners LLC boosted its stake in shares of Enphase Energy by 11,525.0% in the 2nd quarter. Quest Partners LLC now owns 465 shares of the semiconductor company’s stock worth $46,000 after buying an additional 461 shares during the last quarter. 72.12% of the stock is currently 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.