Enphase Energy, Inc. (NASDAQ:ENPH) Given Consensus Rating of "Hold" by Brokerages

Enphase Energy, Inc. (NASDAQ:ENPH - Get Free Report) has earned an average recommendation of "Hold" from the thirty-three brokerages that are currently covering the stock, Marketbeat reports. Eleven research analysts have rated the stock with a sell rating, ten have issued a hold rating and twelve have issued a buy rating on the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $68.87.

Several equities research analysts recently commented on ENPH shares. BNP Paribas lowered shares of Enphase Energy from an "outperform" rating to an "underperform" rating in a report on Tuesday, May 13th. BMO Capital Markets restated an "underperform" rating and set a $39.00 price target (down previously from $46.00) on shares of Enphase Energy in a research report on Tuesday, May 13th. Oppenheimer set a $84.00 price target on shares of Enphase Energy and gave the company an "outperform" rating in a research note on Wednesday, April 23rd. TD Cowen cut their price objective on Enphase Energy from $78.00 to $58.00 and set a "buy" rating for the company in a research note on Wednesday, April 23rd. Finally, BNP Paribas Exane downgraded Enphase Energy from a "neutral" rating to an "underperform" rating and set a $40.00 target price on the stock. in a research report on Tuesday, May 13th.

Enphase Energy Trading Up 1.4%

Enphase Energy stock opened at $50.40 on Monday. The firm has a market cap of $6.61 billion, a PE ratio of 68.11 and a beta of 1.80. Enphase Energy has a 12 month low of $43.09 and a 12 month high of $141.63. The stock's 50 day simple moving average is $53.41 and its two-hundred day simple moving average is $62.41. The company has a current ratio of 3.53, a quick ratio of 3.28 and a debt-to-equity ratio of 1.44.

Insiders Place Their Bets

In related news, CFO Mandy Yang sold 1,319 shares of the stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $63.32, for a total transaction of $83,519.08. Following the sale, the chief financial officer now 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 sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Thurman J. Rodgers sold 100,000 shares of the stock in a transaction dated Friday, March 7th. The stock was sold at an average price of $61.26, for a total transaction of $6,126,000.00. Following the sale, the director now owns 1,881,760 shares in the company, valued at $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. Company insiders own 3.10% of the company's stock.

Institutional Trading of Enphase Energy

Hedge funds and other institutional investors have recently modified their holdings of the stock. Baillie Gifford & Co. grew its stake in shares of Enphase Energy by 32.0% in the first quarter. Baillie Gifford & Co. now owns 11,052,357 shares of the semiconductor company's stock worth $685,799,000 after purchasing an additional 2,680,567 shares during the last quarter. Invesco Ltd. raised its position in Enphase Energy by 43.4% during the 4th quarter. Invesco Ltd. now owns 4,557,865 shares of the semiconductor company's stock worth $313,034,000 after purchasing an additional 1,378,978 shares during the last quarter. AQR Capital Management LLC lifted its holdings in Enphase Energy by 9,236.6% during the 1st quarter. AQR Capital Management LLC now owns 691,564 shares of the semiconductor company's stock worth $41,483,000 after buying an additional 684,157 shares during the period. Worldquant Millennium Advisors LLC grew its position in shares of Enphase Energy by 531.4% in the 4th quarter. Worldquant Millennium Advisors LLC now owns 805,791 shares of the semiconductor company's stock valued at $55,342,000 after buying an additional 678,163 shares during the last quarter. Finally, Norges Bank acquired a new stake in shares of Enphase Energy in the fourth quarter valued at about $46,339,000. Institutional investors own 72.12% of the company's stock.

Enphase Energy Company Profile

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.

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