Insider Selling: Enphase Energy, Inc. (NASDAQ:ENPH) CFO Sells 1,319 Shares of Stock

Enphase Energy, Inc. (NASDAQ:ENPH) CFO Mandy Yang sold 1,319 shares of the business’s stock in a transaction on Monday, March 10th. The shares were sold at an average price of $63.32, for a total transaction of $83,519.08. Following the sale, the chief financial officer now directly owns 78,524 shares in the company, valued at $4,972,139.68. This trade represents a 1.65 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Enphase Energy Stock Down 0.8 %

ENPH opened at $58.01 on Friday. Enphase Energy, Inc. has a twelve month low of $51.63 and a twelve month high of $141.63. The company has a quick ratio of 3.28, a current ratio of 3.53 and a debt-to-equity ratio of 1.44. The company has a 50-day moving average price of $63.95 and a 200 day moving average price of $80.24. The company has a market cap of $7.68 billion, a PE ratio of 78.39 and a beta of 2.12.

Enphase Energy (NASDAQ:ENPH) last released its quarterly earnings results on Tuesday, February 4th. The semiconductor company reported $0.57 earnings per share for the quarter, missing the consensus estimate of $0.72 by ($0.15). Enphase Energy had a return on equity of 15.62% and a net margin of 7.72%. Sell-side analysts expect that Enphase Energy, Inc. will post 2.08 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on ENPH shares. Northland Securities dropped their price objective on shares of Enphase Energy from $110.00 to $90.00 and set an “outperform” rating on the stock in a report on Tuesday, November 19th. BMO Capital Markets dropped their price objective on shares of Enphase Energy from $69.00 to $66.00 and set a “market perform” rating on the stock in a report on Wednesday, February 5th. Redburn Atlantic started coverage on shares of Enphase Energy in a report on Monday, March 3rd. They issued a “neutral” rating on the stock. Citigroup upped their price target on shares of Enphase Energy from $71.00 to $72.00 and gave the company a “neutral” rating in a report on Wednesday, January 8th. Finally, Canaccord Genuity Group raised shares of Enphase Energy from a “hold” rating to a “buy” rating and upped their price target for the company from $76.00 to $82.00 in a report on Wednesday, February 5th. Three investment analysts have rated the stock with a sell rating, seventeen have issued a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $90.42.

Institutional Trading of Enphase Energy

Hedge funds have recently bought and sold shares of the business. Avior Wealth Management LLC raised its holdings in Enphase Energy by 6,975.0% in the 3rd quarter. Avior Wealth Management LLC now owns 283 shares of the semiconductor company’s stock valued at $32,000 after acquiring an additional 279 shares during the last quarter. Stone House Investment Management LLC acquired a new stake in Enphase Energy in the 3rd quarter valued at about $34,000. Quarry LP acquired a new stake in Enphase Energy in the 3rd quarter valued at about $37,000. Brooklyn Investment Group acquired a new stake in Enphase Energy in the 3rd quarter valued at about $55,000. Finally, Prospera Private Wealth LLC acquired a new stake in Enphase Energy in the 3rd quarter valued at about $62,000. Institutional investors and hedge funds 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.