Enphase Energy, Inc. (NASDAQ:ENPH) Receives $90.36 Consensus Target Price from Brokerages

Enphase Energy, Inc. (NASDAQ:ENPH) has earned a consensus recommendation of “Hold” from the thirty-three research firms that are presently covering the stock, MarketBeat Ratings reports. Four research analysts have rated the stock with a sell recommendation, fifteen have assigned a hold recommendation and fourteen have given a buy recommendation to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $89.79.

ENPH has been the subject of a number of research analyst reports. Oppenheimer lifted their price target on Enphase Energy from $101.00 to $103.00 and gave the company an “outperform” rating in a research report on Wednesday, February 5th. BMO Capital Markets cut their price target on shares of Enphase Energy from $69.00 to $66.00 and set a “market perform” rating for the company in a research note on Wednesday, February 5th. Morgan Stanley lowered their price objective on shares of Enphase Energy from $68.00 to $67.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 5th. Redburn Atlantic started coverage on shares of Enphase Energy in a research report on Monday, March 3rd. They issued a “neutral” rating for the company. Finally, Barclays lowered their price target on Enphase Energy from $91.00 to $86.00 and set an “overweight” rating on the stock in a research report on Thursday, February 6th.

Enphase Energy Stock Performance

Enphase Energy stock opened at $57.27 on Friday. The firm’s 50 day simple moving average is $62.00 and its 200 day simple moving average is $73.90. The company has a current ratio of 3.53, a quick ratio of 3.28 and a debt-to-equity ratio of 1.44. Enphase Energy has a 1-year low of $51.63 and a 1-year high of $141.63. The firm has a market capitalization of $7.59 billion, a PE ratio of 77.39 and a beta of 2.12.

Enphase Energy (NASDAQ:ENPH) last issued its quarterly earnings data on Tuesday, February 4th. The semiconductor company reported $0.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.43 by $0.14. Enphase Energy had a return on equity of 15.62% and a net margin of 7.72%. As a group, analysts expect that Enphase Energy will post 2.08 earnings per share for the current fiscal year.

Insider Activity at Enphase Energy

In related news, CFO Mandy Yang sold 1,319 shares of the stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $63.32, for a total value of $83,519.08. Following the completion of the transaction, the chief financial officer now directly owns 78,524 shares of the company’s stock, valued at $4,972,139.68. This represents a 1.65 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Thurman J. Rodgers sold 100,000 shares of Enphase Energy stock in a transaction that occurred on Friday, March 7th. The shares were sold at an average price of $61.26, for a total value of $6,126,000.00. Following the sale, the director now directly owns 1,881,760 shares in the company, valued at approximately $115,276,617.60. The trade was a 5.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.40% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in ENPH. Boston Common Asset Management LLC lifted its position in Enphase Energy by 1.4% during the first quarter. Boston Common Asset Management LLC now owns 45,168 shares of the semiconductor company’s stock valued at $2,803,000 after buying an additional 637 shares during the period. MassMutual Private Wealth & Trust FSB boosted its stake in Enphase Energy by 83.6% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 38,475 shares of the semiconductor company’s stock worth $2,387,000 after acquiring an additional 17,516 shares in the last quarter. Siemens Fonds Invest GmbH purchased a new stake in Enphase Energy in the fourth quarter worth about $289,000. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of Enphase Energy during the fourth quarter valued at approximately $18,580,000. Finally, Fourth Dimension Wealth LLC purchased a new stake in shares of Enphase Energy in the 4th quarter worth approximately $103,000. Institutional investors own 72.12% of the company’s stock.

About Enphase Energy

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.