Shares of Enphase Energy, Inc. (NASDAQ:ENPH - Get Free Report) have earned an average rating of "Hold" from the thirty-three ratings firms that are covering the firm, MarketBeat.com reports. Eleven investment analysts have rated the stock with a sell rating, ten have issued a hold rating and twelve have given a buy rating to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $68.31.
A number of equities research analysts recently weighed in on the company. Canaccord Genuity Group reduced their price objective on Enphase Energy from $70.00 to $58.00 and set a "buy" rating on the stock in a research report on Thursday, April 24th. Glj Research dropped their price objective on shares of Enphase Energy from $50.69 to $31.11 and set a "sell" rating for the company in a report on Friday, April 25th. Morgan Stanley cut shares of Enphase Energy from an "equal weight" rating to an "underweight" rating and set a $36.00 price target for the company. in a research report on Wednesday, April 23rd. 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. Finally, BNP Paribas cut shares of Enphase Energy from an "outperform" rating to an "underperform" rating in a research note on Tuesday, May 13th.
Get Our Latest Stock Analysis on ENPH
Enphase Energy Price Performance
ENPH stock traded up $0.91 during trading on Friday, reaching $45.60. 6,453,081 shares of the company were exchanged, compared to its average volume of 4,520,390. The company has a 50-day moving average of $46.59 and a two-hundred day moving average of $59.07. The company has a market capitalization of $5.98 billion, a price-to-earnings ratio of 61.62 and a beta of 1.70. Enphase Energy has a twelve month low of $37.59 and a twelve month high of $134.99. The company has a debt-to-equity ratio of 1.44, a current ratio of 3.53 and a quick ratio of 3.28.
Insider Transactions at Enphase Energy
In other news, CEO Badrinarayanan Kothandaraman acquired 4,000 shares of the firm's stock in a transaction on Friday, April 25th. The stock was purchased at an average price of $46.35 per share, for a total transaction of $185,400.00. Following the purchase, the chief executive officer now owns 1,598,696 shares in the company, valued at approximately $74,099,559.60. This represents a 0.25% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 3.10% of the stock is currently owned by insiders.
Hedge Funds Weigh In On Enphase Energy
A number of hedge funds and other institutional investors have recently modified their holdings of ENPH. DekaBank Deutsche Girozentrale boosted its position in Enphase Energy by 0.3% in the first quarter. DekaBank Deutsche Girozentrale now owns 88,696 shares of the semiconductor company's stock worth $5,421,000 after purchasing an additional 238 shares during the last quarter. Teachers Retirement System of The State of Kentucky boosted its holdings in shares of Enphase Energy by 2.5% in the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 10,357 shares of the semiconductor company's stock worth $643,000 after buying an additional 255 shares during the last quarter. First Horizon Advisors Inc. grew its position in Enphase Energy by 83.0% during the first quarter. First Horizon Advisors Inc. now owns 569 shares of the semiconductor company's stock valued at $35,000 after buying an additional 258 shares during the period. Leibman Financial Services Inc. grew its position in Enphase Energy by 1.0% during the first quarter. Leibman Financial Services Inc. now owns 29,474 shares of the semiconductor company's stock valued at $1,829,000 after buying an additional 305 shares during the period. Finally, McGowan Group Asset Management Inc. increased its holdings in Enphase Energy by 2.0% during the fourth quarter. McGowan Group Asset Management Inc. now owns 16,670 shares of the semiconductor company's stock worth $1,145,000 after buying an additional 319 shares during the last quarter. Hedge funds and other institutional investors own 72.12% of the company's stock.
About Enphase Energy
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Get Free ReportEnphase 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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