Analysts Set Enphase Energy, Inc. (NASDAQ:ENPH) PT at $100.33

Shares of Enphase Energy, Inc. (NASDAQ:ENPH) have been given an average recommendation of “Hold” by the thirty-three research firms that are covering the stock, Marketbeat Ratings reports. Four investment analysts have rated the stock with a sell rating, fifteen have given a hold rating and fourteen have issued a buy rating on the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $100.33.

Several analysts have recently issued reports on the stock. Roth Mkm lowered their price objective on shares of Enphase Energy from $130.00 to $100.00 and set a “buy” rating for the company in a research note on Wednesday, October 23rd. Piper Sandler dropped their price target on Enphase Energy from $85.00 to $70.00 and set a “neutral” rating for the company in a research note on Friday, November 22nd. Citigroup reduced their price objective on Enphase Energy from $114.00 to $99.00 and set a “neutral” rating on the stock in a research note on Tuesday, October 22nd. Oppenheimer dropped their target price on shares of Enphase Energy from $134.00 to $101.00 and set an “outperform” rating for the company in a research report on Wednesday, October 23rd. Finally, Evercore ISI reduced their price target on shares of Enphase Energy from $133.00 to $125.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 23rd.

Enphase Energy Price Performance

Shares of NASDAQ:ENPH opened at $73.28 on Friday. The company has a market cap of $9.90 billion, a P/E ratio of 166.55, a P/E/G ratio of 22.03 and a beta of 1.69. The business has a fifty day simple moving average of $74.51 and a 200-day simple moving average of $98.46. Enphase Energy has a 52 week low of $58.33 and a 52 week high of $141.63. The company has a quick ratio of 3.88, a current ratio of 4.16 and a debt-to-equity ratio of 1.29.

Enphase Energy (NASDAQ:ENPH) last announced its quarterly earnings data on Tuesday, October 22nd. The semiconductor company reported $0.65 earnings per share 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 company 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 company earned $0.84 earnings per share. The company’s revenue was down 30.9% on a year-over-year basis. Equities research analysts forecast that Enphase Energy will post 0.94 EPS for the current year.

Hedge Funds Weigh In On Enphase Energy

Several large investors have recently modified their holdings of ENPH. Avior Wealth Management LLC increased its holdings in Enphase Energy by 6,975.0% in the third quarter. Avior Wealth Management LLC now owns 283 shares of the semiconductor company’s stock valued at $32,000 after buying an additional 279 shares during the last quarter. UMB Bank n.a. increased its holdings 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 valued at $33,000 after acquiring an additional 259 shares during the last quarter. nVerses Capital LLC bought a new stake in shares of Enphase Energy in the 3rd quarter valued at approximately $34,000. Stone House Investment Management LLC acquired a new stake in shares of Enphase Energy during the 3rd quarter valued at approximately $34,000. Finally, Quarry LP bought a new position in Enphase Energy during the third quarter worth $37,000. Institutional investors own 72.12% of the company’s stock.

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.