Susquehanna Lowers Enphase Energy (NASDAQ:ENPH) Price Target to $76.00

Enphase Energy (NASDAQ:ENPH) had its target price dropped by equities researchers at Susquehanna from $79.00 to $76.00 in a note issued to investors on Wednesday,Benzinga reports. The firm presently has a “neutral” rating on the semiconductor company’s stock. Susquehanna’s price target suggests a potential upside of 16.31% from the stock’s current price.

Other equities analysts have also issued reports about the stock. OTR Global raised shares of Enphase Energy from a “negative” rating to a “mixed” rating in a research report on Friday, December 20th. HSBC lowered shares of Enphase Energy from a “buy” rating to a “hold” rating and dropped their price objective for the company from $154.00 to $81.00 in a report on Friday, November 8th. TD Cowen decreased their price target on Enphase Energy from $120.00 to $100.00 and set a “buy” rating for the company in a research note on Monday, January 27th. Citigroup lifted their price objective on Enphase Energy from $71.00 to $72.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 8th. Finally, Piper Sandler decreased their price target on Enphase Energy from $85.00 to $70.00 and set a “neutral” rating for the company in a report on Friday, November 22nd. Three equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $90.79.

Enphase Energy Stock Down 1.4 %

ENPH traded down $0.91 on Wednesday, hitting $65.34. 5,344,820 shares of the company were exchanged, compared to its average volume of 3,743,105. 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 stock’s fifty day moving average is $69.02 and its 200-day moving average is $89.11. The company has a market cap of $8.83 billion, a PE ratio of 148.68, a PEG ratio of 8.22 and a beta of 1.68. Enphase Energy has a 12 month low of $58.33 and a 12 month high of $141.63.

Enphase Energy (NASDAQ:ENPH) last issued its earnings results on Tuesday, February 4th. The semiconductor company reported $0.57 EPS for the quarter, missing the consensus estimate of $0.72 by ($0.15). Enphase Energy had a return on equity of 10.56% and a net margin of 4.91%. Equities research analysts predict that Enphase Energy will post 0.92 EPS for the current fiscal year.

Hedge Funds Weigh In On Enphase Energy

Several large investors have recently modified their holdings of the business. Sanctuary Advisors LLC purchased a new position in Enphase Energy during the second quarter valued at approximately $1,878,000. Czech National Bank increased its position in shares of Enphase Energy by 6.4% in the third quarter. Czech National Bank now owns 27,586 shares of the semiconductor company’s stock worth $3,118,000 after purchasing an additional 1,658 shares during the last quarter. GAMMA Investing LLC raised its position in Enphase Energy by 32.5% during the third quarter. GAMMA Investing LLC now owns 2,130 shares of the semiconductor company’s stock valued at $241,000 after purchasing an additional 522 shares in the last quarter. Miracle Mile Advisors LLC purchased a new position in shares of Enphase Energy in the 3rd quarter worth about $210,000. Finally, Leibman Financial Services Inc. increased its position in shares of Enphase Energy by 1.7% during the 3rd quarter. Leibman Financial Services Inc. now owns 18,395 shares of the semiconductor company’s stock valued at $2,079,000 after purchasing an additional 315 shares during the last quarter. Hedge funds and other institutional investors own 72.12% of the company’s stock.

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.