Enphase Energy, Inc. (NASDAQ:ENPH) Receives $130.45 Consensus PT from Brokerages

Shares of Enphase Energy, Inc. (NASDAQ:ENPH) have earned a consensus recommendation of “Hold” from the thirty-two analysts that are presently covering the company, MarketBeat.com reports. Three analysts have rated the stock with a sell rating, twelve have given a hold rating and seventeen have given a buy rating to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $130.45.

Several brokerages have recently issued reports on ENPH. Jefferies Financial Group downgraded Enphase Energy from a “buy” rating to a “hold” rating and reduced their price objective for the company from $135.00 to $111.00 in a research report on Wednesday, April 24th. JPMorgan Chase & Co. reduced their price objective on Enphase Energy from $128.00 to $124.00 and set an “overweight” rating on the stock in a research report on Thursday, June 20th. DZ Bank began coverage on Enphase Energy in a research report on Wednesday, April 17th. They issued a “hold” rating and a $116.00 price objective on the stock. Mizuho reduced their price objective on Enphase Energy from $150.00 to $148.00 and set a “buy” rating on the stock in a research report on Friday, April 19th. Finally, Wells Fargo & Company reduced their price objective on Enphase Energy from $141.00 to $130.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 24th.

Insider Activity

In other Enphase Energy news, EVP David A. Ranhoff sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, June 17th. The stock was sold at an average price of $123.27, for a total transaction of $616,350.00. Following the completion of the sale, the executive vice president now owns 107,943 shares in the company, valued at approximately $13,306,133.61. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Enphase Energy news, Director Thurman J. Rodgers sold 319,526 shares of the firm’s stock in a transaction that occurred on Wednesday, May 29th. The stock was sold at an average price of $126.53, for a total transaction of $40,429,624.78. Following the completion of the sale, the director now owns 1,984,562 shares in the company, valued at approximately $251,106,629.86. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP David A. Ranhoff sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, June 17th. The shares were sold at an average price of $123.27, for a total value of $616,350.00. Following the sale, the executive vice president now owns 107,943 shares of the company’s stock, valued at approximately $13,306,133.61. The disclosure for this sale can be found here. Over the last quarter, insiders sold 349,526 shares of company stock worth $43,721,225. 3.40% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Enphase Energy

A number of hedge funds have recently bought and sold shares of the business. Donoghue Forlines LLC lifted its holdings in Enphase Energy by 4.8% during the 4th quarter. Donoghue Forlines LLC now owns 1,953 shares of the semiconductor company’s stock worth $258,000 after buying an additional 90 shares during the last quarter. Fermata Advisors LLC lifted its holdings in Enphase Energy by 1.4% during the 1st quarter. Fermata Advisors LLC now owns 7,070 shares of the semiconductor company’s stock worth $855,000 after buying an additional 100 shares during the last quarter. Hollencrest Capital Management lifted its holdings in Enphase Energy by 3.3% during the 1st quarter. Hollencrest Capital Management now owns 3,095 shares of the semiconductor company’s stock worth $374,000 after buying an additional 100 shares during the last quarter. Fulton Breakefield Broenniman LLC lifted its holdings in Enphase Energy by 0.9% during the 4th quarter. Fulton Breakefield Broenniman LLC now owns 11,386 shares of the semiconductor company’s stock worth $1,505,000 after buying an additional 107 shares during the last quarter. Finally, VitalStone Financial LLC lifted its holdings in Enphase Energy by 14.3% during the 4th quarter. VitalStone Financial LLC now owns 888 shares of the semiconductor company’s stock worth $117,000 after buying an additional 111 shares during the last quarter. Institutional investors and hedge funds own 72.12% of the company’s stock.

Enphase Energy Stock Up 3.6 %

Enphase Energy stock opened at $99.17 on Friday. The company has a debt-to-equity ratio of 1.30, a quick ratio of 3.78 and a current ratio of 4.16. The firm has a market capitalization of $13.49 billion, a price-to-earnings ratio of 51.65, a price-to-earnings-growth ratio of 3.94 and a beta of 1.71. Enphase Energy has a fifty-two week low of $73.49 and a fifty-two week high of $192.22. The stock’s fifty day moving average is $116.10 and its two-hundred day moving average is $117.47.

Enphase Energy (NASDAQ:ENPH) last posted its earnings results on Tuesday, April 23rd. The semiconductor company reported ($0.06) earnings per share for the quarter, missing the consensus estimate of $0.11 by ($0.17). The firm had revenue of $263.34 million during the quarter, compared to analyst estimates of $280.06 million. Enphase Energy had a net margin of 15.10% and a return on equity of 31.89%. Analysts predict that Enphase Energy will post 1.43 EPS for the current fiscal year.

About Enphase Energy

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.