Enphase Energy, Inc. (NASDAQ:ENPH) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of Enphase Energy, Inc. (NASDAQ:ENPH) have been assigned an average rating of “Moderate Buy” from the thirty brokerages that are presently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, thirteen have given a hold recommendation and sixteen have issued a buy recommendation on the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $149.94.

ENPH has been the topic of a number of research reports. Royal Bank of Canada initiated coverage on Enphase Energy in a report on Wednesday, February 14th. They issued an “outperform” rating and a $140.00 price objective on the stock. Morgan Stanley raised their target price on Enphase Energy from $97.00 to $106.00 and gave the company an “equal weight” rating in a report on Wednesday, February 7th. Wells Fargo & Company upgraded Enphase Energy from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $98.00 to $141.00 in a report on Monday, January 8th. BMO Capital Markets raised their price objective on Enphase Energy from $106.00 to $110.00 and gave the company a “market perform” rating in a research note on Wednesday, February 7th. Finally, Truist Financial upgraded Enphase Energy from a “hold” rating to a “buy” rating and raised their price objective for the company from $85.00 to $145.00 in a research note on Tuesday, January 23rd.

Insider Transactions at Enphase Energy

In other news, Director Richard Mora sold 24,285 shares of Enphase Energy stock in a transaction on Friday, February 9th. The stock was sold at an average price of $120.59, for a total transaction of $2,928,528.15. Following the transaction, the director now owns 3,126 shares in the company, valued at $376,964.34. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, Director Richard Mora sold 24,285 shares of Enphase Energy stock in a transaction on Friday, February 9th. The stock was sold at an average price of $120.59, for a total transaction of $2,928,528.15. Following the transaction, the director now owns 3,126 shares in the company, valued at $376,964.34. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP David A. Ranhoff sold 5,000 shares of Enphase Energy stock in a transaction on Friday, March 15th. The shares were sold at an average price of $108.89, for a total value of $544,450.00. Following the transaction, the executive vice president now owns 124,948 shares in the company, valued at approximately $13,605,587.72. The disclosure for this sale can be found here. Insiders have sold 34,285 shares of company stock valued at $4,054,428 over the last three months. Company insiders own 3.40% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of ENPH. Panagora Asset Management Inc. grew its stake in Enphase Energy by 42.5% in the first quarter. Panagora Asset Management Inc. now owns 4,030 shares of the semiconductor company’s stock valued at $813,000 after purchasing an additional 1,201 shares in the last quarter. Raymond James Trust N.A. purchased a new position in Enphase Energy in the first quarter valued at about $249,000. Cibc World Market Inc. lifted its position in shares of Enphase Energy by 219.1% in the first quarter. Cibc World Market Inc. now owns 5,320 shares of the semiconductor company’s stock worth $1,073,000 after buying an additional 3,653 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Enphase Energy by 1.6% in the first quarter. Dimensional Fund Advisors LP now owns 398,666 shares of the semiconductor company’s stock worth $80,436,000 after buying an additional 6,401 shares during the last quarter. Finally, Blair William & Co. IL lifted its position in shares of Enphase Energy by 8.7% in the first quarter. Blair William & Co. IL now owns 2,263 shares of the semiconductor company’s stock worth $457,000 after buying an additional 182 shares during the last quarter. Hedge funds and other institutional investors own 72.12% of the company’s stock.

Enphase Energy Trading Down 2.6 %

NASDAQ:ENPH opened at $109.17 on Friday. The stock has a fifty day moving average price of $120.17 and a two-hundred day moving average price of $112.17. The stock has a market capitalization of $14.85 billion, a price-to-earnings ratio of 35.68, a PEG ratio of 3.06 and a beta of 1.47. The company has a debt-to-equity ratio of 1.32, a quick ratio of 4.19 and a current ratio of 4.59. Enphase Energy has a 1 year low of $73.49 and a 1 year high of $228.50.

Enphase Energy (NASDAQ:ENPH) last released its quarterly earnings data on Tuesday, February 6th. The semiconductor company reported $0.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.24 by $0.05. The firm had revenue of $302.57 million during the quarter, compared to analysts’ expectations of $327.06 million. Enphase Energy had a return on equity of 47.73% and a net margin of 19.16%. As a group, sell-side analysts anticipate that Enphase Energy will post 2.09 earnings per share for the current fiscal year.

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.