Enphase Energy (NASDAQ:ENPH) Director Richard Mora Sells 700 Shares

Enphase Energy, Inc. (NASDAQ:ENPH) Director Richard Mora sold 700 shares of the stock in a transaction on Monday, June 1st. The stock was sold at an average price of $64.20, for a total value of $44,940.00. Following the completion of the sale, the director directly owned 13,922 shares in the company, valued at $893,792.40. This represents a 4.79% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Richard Mora also recently made the following trade(s):

• On Tuesday, May 19th, Richard Mora sold 700 shares of Enphase Energy stock. The stock was sold at an average price of $46.39, for a total value of $32,473.00.

Enphase Energy Stock Performance

NASDAQ ENPH traded down $0.63 during trading hours on Thursday, hitting $68.39. The company had a trading volume of 4,453,231 shares, compared to its average volume of 7,437,891. Enphase Energy, Inc. has a fifty-two week low of $25.77 and a fifty-two week high of $73.74. The company has a quick ratio of 3.20, a current ratio of 3.80 and a debt-to-equity ratio of 0.52. The business has a fifty day simple moving average of $43.08 and a 200-day simple moving average of $39.42. The firm has a market cap of $9.01 billion, a P/E ratio of 67.71 and a beta of 1.60.

Enphase Energy (NASDAQ:ENPH) last issued its earnings results on Tuesday, April 28th. The semiconductor company reported $0.47 earnings per share for the quarter, topping the consensus estimate of $0.43 by $0.04. Enphase Energy had a return on equity of 16.88% and a net margin of 9.64%.The firm had revenue of $282.90 million for the quarter, compared to analyst estimates of $282.28 million. During the same period last year, the company earned $0.68 earnings per share. The firm’s revenue for the quarter was down 20.6% on a year-over-year basis. Equities analysts predict that Enphase Energy, Inc. will post 0.84 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on ENPH shares. Citigroup decreased their price target on Enphase Energy from $37.00 to $31.00 and set a “neutral” rating for the company in a research note on Thursday, April 30th. UBS Group set a $85.00 price target on Enphase Energy in a research note on Friday, May 22nd. Morgan Stanley set a $27.00 price target on Enphase Energy in a research note on Friday, May 8th. Wall Street Zen raised Enphase Energy from a “sell” rating to a “hold” rating in a research note on Sunday, March 29th. Finally, Roth Mkm reissued a “buy” rating on shares of Enphase Energy in a research note on Friday, May 22nd. Nine research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and six have issued a Sell rating to the company. According to data from MarketBeat.com, Enphase Energy currently has an average rating of “Hold” and an average target price of $44.24.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. PFG Investments LLC raised its stake in Enphase Energy by 2.2% in the fourth quarter. PFG Investments LLC now owns 12,191 shares of the semiconductor company’s stock valued at $391,000 after buying an additional 260 shares during the period. Swiss Life Asset Management Ltd increased its stake in shares of Enphase Energy by 5.5% during the third quarter. Swiss Life Asset Management Ltd now owns 6,132 shares of the semiconductor company’s stock worth $217,000 after purchasing an additional 319 shares during the period. Glass Jacobson Investment Advisors llc increased its stake in shares of Enphase Energy by 77.8% during the fourth quarter. Glass Jacobson Investment Advisors llc now owns 800 shares of the semiconductor company’s stock worth $26,000 after purchasing an additional 350 shares during the period. GAMMA Investing LLC increased its stake in shares of Enphase Energy by 19.2% during the fourth quarter. GAMMA Investing LLC now owns 2,431 shares of the semiconductor company’s stock worth $78,000 after purchasing an additional 392 shares during the period. Finally, Tempus Wealth Planning LLC increased its stake in shares of Enphase Energy by 4.8% during the third quarter. Tempus Wealth Planning LLC now owns 8,556 shares of the semiconductor company’s stock worth $303,000 after purchasing an additional 394 shares during the period. Institutional investors own 72.12% of the company’s stock.

Enphase Energy Company Profile

Enphase Energy is a global energy technology company that specializes in solar microinverters, energy storage systems and energy management software. Its core business centers on converting direct current (DC) power generated by solar panels into alternating current (AC) power suitable for use in residential and commercial applications. By integrating hardware and software solutions, Enphase Energy aims to improve solar energy yield, enhance system reliability and provide real-time monitoring capabilities to its customers.

The company’s product portfolio includes its IQ Series microinverters, which attach to individual solar panels to optimize performance at the module level and reduce the impact of shading or system failures.