Enphase Energy (NASDAQ:ENPH) Director Richard Mora Sells 2,000 Shares of Stock

Enphase Energy, Inc. (NASDAQ:ENPH) Director Richard Mora sold 2,000 shares of the stock in a transaction that occurred on Thursday, July 30th. The shares were sold at an average price of $36.76, for a total transaction of $73,520.00. Following the sale, the director directly owned 11,922 shares of the company’s stock, valued at approximately $438,252.72. This represents a 14.37% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

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

• On Monday, June 1st, Richard Mora sold 700 shares of Enphase Energy stock. The stock was sold at an average price of $64.20, for a total transaction of $44,940.00.
• 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 transaction of $32,473.00.

Enphase Energy Price Performance

NASDAQ ENPH opened at $37.54 on Friday. The stock has a market capitalization of $4.96 billion, a P/E ratio of 37.54 and a beta of 1.62. Enphase Energy, Inc. has a 1 year low of $25.77 and a 1 year high of $73.74. The business’s fifty day moving average is $49.62 and its two-hundred day moving average is $43.77. The company has a debt-to-equity ratio of 0.48, a quick ratio of 3.20 and a current ratio of 3.45.

Enphase Energy (NASDAQ:ENPH) last announced its quarterly earnings data on Tuesday, July 28th. The semiconductor company reported $0.46 EPS for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.01). The company had revenue of $291.85 million for the quarter, compared to analyst estimates of $289.76 million. Enphase Energy had a net margin of 10.09% and a return on equity of 13.31%. Enphase Energy’s revenue was down 19.6% on a year-over-year basis. During the same quarter last year, the company posted $0.69 EPS. On average, research analysts forecast that Enphase Energy, Inc. will post 0.82 earnings per share for the current fiscal year.

Institutional Trading of Enphase Energy

Hedge funds have recently made changes to their positions in the stock. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its position in Enphase Energy by 431.9% during the second quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 633 shares of the semiconductor company’s stock valued at $25,000 after purchasing an additional 514 shares in the last quarter. Glass Jacobson Investment Advisors llc lifted its position in Enphase Energy by 77.8% in the 4th quarter. Glass Jacobson Investment Advisors llc now owns 800 shares of the semiconductor company’s stock worth $26,000 after buying an additional 350 shares in the last quarter. Ascentis Independent Advisors purchased a new stake in Enphase Energy in the 1st quarter worth approximately $33,000. FNY Investment Advisers LLC acquired a new stake in shares of Enphase Energy during the 2nd quarter valued at $48,000. Finally, Activest Wealth Management boosted its stake in shares of Enphase Energy by 52,000.0% during the 4th quarter. Activest Wealth Management now owns 1,042 shares of the semiconductor company’s stock valued at $33,000 after buying an additional 1,040 shares during the period. 72.12% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

ENPH has been the subject of several analyst reports. Evercore set a $37.00 target price on Enphase Energy in a report on Monday, May 4th. JPMorgan Chase & Co. dropped their price target on Enphase Energy from $39.00 to $35.00 and set a “neutral” rating on the stock in a research note on Wednesday, April 29th. Mizuho cut their price objective on Enphase Energy from $54.00 to $45.00 and set a “neutral” rating on the stock in a report on Wednesday. Glj Research upped their price objective on shares of Enphase Energy from $21.70 to $24.47 and gave the company a “sell” rating in a research note on Tuesday. Finally, UBS Group set a $56.00 target price on shares of Enphase Energy in a report on Wednesday. Eight investment analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $45.61.

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.