SolarEdge Technologies (NASDAQ:SEDG) PT Lowered to $27.00 at Roth Mkm

SolarEdge Technologies (NASDAQ:SEDG) had its price target lowered by Roth Mkm from $55.00 to $27.00 in a research note released on Tuesday, Marketbeat Ratings reports. The firm currently has a neutral rating on the semiconductor company’s stock.

A number of other research firms have also recently commented on SEDG. Canaccord Genuity Group reduced their target price on SolarEdge Technologies from $58.00 to $38.00 and set a hold rating on the stock in a research note on Tuesday, June 25th. Canaccord Genuity Group reduced their price objective on SolarEdge Technologies from $58.00 to $38.00 and set a hold rating on the stock in a research report on Tuesday, June 25th. Deutsche Bank Aktiengesellschaft dropped their target price on SolarEdge Technologies from $75.00 to $55.00 and set a hold rating for the company in a research report on Friday, May 10th. Barclays increased their price target on shares of SolarEdge Technologies from $50.00 to $61.00 and gave the company an underweight rating in a research report on Tuesday, April 16th. Finally, Bank of America lifted their price target on shares of SolarEdge Technologies from $29.00 to $31.00 and gave the stock a neutral rating in a research note on Wednesday, July 17th. Four investment analysts have rated the stock with a sell rating, twenty-four have issued a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of Hold and an average price target of $69.58.

SolarEdge Technologies Price Performance

NASDAQ SEDG opened at $27.57 on Tuesday. The company has a market cap of $1.58 billion, a PE ratio of -5.93 and a beta of 1.52. The company has a quick ratio of 2.19, a current ratio of 4.54 and a debt-to-equity ratio of 0.30. The firm’s 50-day simple moving average is $36.07 and its two-hundred day simple moving average is $56.34. SolarEdge Technologies has a 52 week low of $23.51 and a 52 week high of $248.82.

SolarEdge Technologies (NASDAQ:SEDG) last released its quarterly earnings data on Wednesday, May 8th. The semiconductor company reported ($2.42) EPS for the quarter, missing the consensus estimate of ($2.07) by ($0.35). SolarEdge Technologies had a negative return on equity of 6.43% and a negative net margin of 11.68%. The business had revenue of $204.40 million during the quarter, compared to the consensus estimate of $194.82 million. Research analysts predict that SolarEdge Technologies will post -6.76 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Manchester Capital Management LLC grew its stake in SolarEdge Technologies by 1,345.0% in the fourth quarter. Manchester Capital Management LLC now owns 289 shares of the semiconductor company’s stock worth $27,000 after purchasing an additional 269 shares during the period. GAMMA Investing LLC purchased a new stake in shares of SolarEdge Technologies in the 4th quarter worth about $30,000. Compagnie Lombard Odier SCmA increased its stake in shares of SolarEdge Technologies by 250.0% in the 4th quarter. Compagnie Lombard Odier SCmA now owns 700 shares of the semiconductor company’s stock worth $66,000 after acquiring an additional 500 shares in the last quarter. Versant Capital Management Inc lifted its position in SolarEdge Technologies by 1,066.7% during the 1st quarter. Versant Capital Management Inc now owns 700 shares of the semiconductor company’s stock valued at $50,000 after acquiring an additional 640 shares during the period. Finally, EntryPoint Capital LLC purchased a new position in SolarEdge Technologies during the 1st quarter valued at about $64,000. Institutional investors own 95.10% of the company’s stock.

About SolarEdge Technologies

SolarEdge Technologies, Inc, together with its subsidiaries, designs, develops, manufactures, and sells direct current (DC) optimized inverter systems for solar photovoltaic (PV) installations in the United States, Germany, the Netherlands, Italy, rest of Europe, and internationally. It operates in two segments, Solar and Energy Storage.