SolarEdge Technologies, Inc. (NASDAQ:SEDG) Given Average Rating of “Reduce” by Brokerages

SolarEdge Technologies, Inc. (NASDAQ:SEDG) has received an average rating of “Reduce” from the twenty-eight analysts that are presently covering the company, MarketBeat.com reports. Nine research analysts have rated the stock with a sell rating, fifteen have given a hold rating, three have given a buy rating and one has given a strong buy rating to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $21.80.

Several research firms recently weighed in on SEDG. Roth Mkm lifted their target price on shares of SolarEdge Technologies from $17.00 to $20.00 and gave the company a “neutral” rating in a report on Friday, February 21st. Jefferies Financial Group lifted their price objective on SolarEdge Technologies from $9.00 to $12.00 and gave the company an “underperform” rating in a research note on Friday, February 21st. Truist Financial decreased their target price on SolarEdge Technologies from $15.00 to $14.00 and set a “hold” rating on the stock in a research note on Thursday, January 16th. Glj Research raised SolarEdge Technologies from a “strong sell” rating to a “strong-buy” rating in a research report on Tuesday, December 17th. Finally, JPMorgan Chase & Co. reduced their price target on shares of SolarEdge Technologies from $21.00 to $19.00 and set an “overweight” rating on the stock in a research report on Thursday, January 23rd.

Insider Activity at SolarEdge Technologies

In other SolarEdge Technologies news, Chairman More Avery bought 30,000 shares of the stock in a transaction dated Tuesday, March 4th. The shares were acquired at an average cost of $13.70 per share, for a total transaction of $411,000.00. Following the completion of the transaction, the chairman now owns 274,478 shares in the company, valued at approximately $3,760,348.60. The trade was a 12.27 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 0.67% of the stock is owned by corporate insiders.

Institutional Trading of SolarEdge Technologies

A number of large investors have recently bought and sold shares of the business. KBC Group NV increased its stake in SolarEdge Technologies by 95.8% in the third quarter. KBC Group NV now owns 2,816 shares of the semiconductor company’s stock valued at $65,000 after purchasing an additional 1,378 shares during the period. Jones Financial Companies Lllp grew its holdings in shares of SolarEdge Technologies by 401.2% during the fourth quarter. Jones Financial Companies Lllp now owns 2,441 shares of the semiconductor company’s stock worth $33,000 after buying an additional 1,954 shares during the last quarter. Millstone Evans Group LLC acquired a new position in SolarEdge Technologies in the 4th quarter valued at about $27,000. Y.D. More Investments Ltd increased its position in SolarEdge Technologies by 251.8% in the 4th quarter. Y.D. More Investments Ltd now owns 3,870 shares of the semiconductor company’s stock valued at $53,000 after acquiring an additional 2,770 shares during the period. Finally, Meitav Investment House Ltd. raised its stake in SolarEdge Technologies by 0.6% during the 4th quarter. Meitav Investment House Ltd. now owns 585,391 shares of the semiconductor company’s stock valued at $7,957,000 after acquiring an additional 3,282 shares during the last quarter. Institutional investors and hedge funds own 95.10% of the company’s stock.

SolarEdge Technologies Price Performance

Shares of SEDG opened at $15.85 on Monday. The firm has a 50-day simple moving average of $15.64 and a two-hundred day simple moving average of $15.96. The stock has a market cap of $931.71 million, a PE ratio of -0.51 and a beta of 1.78. SolarEdge Technologies has a 1-year low of $10.24 and a 1-year high of $73.60. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.95 and a quick ratio of 1.46.

SolarEdge Technologies Company Profile

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.