Enphase Energy (NASDAQ:ENPH - Get Free Report)'s stock had its "underweight" rating reiterated by KeyCorp in a research report issued to clients and investors on Tuesday, Marketbeat reports. They currently have a $31.00 price objective on the semiconductor company's stock. KeyCorp's price objective would suggest a potential downside of 13.53% from the company's previous close.
ENPH has been the topic of a number of other research reports. Barclays lowered Enphase Energy from an "overweight" rating to an "underweight" rating and decreased their price objective for the company from $51.00 to $40.00 in a report on Tuesday, May 13th. TD Cowen decreased their price target on shares of Enphase Energy from $78.00 to $58.00 and set a "buy" rating on the stock in a research note on Wednesday, April 23rd. Mizuho set a $53.00 price objective on shares of Enphase Energy and gave the company an "outperform" rating in a research note on Monday, June 2nd. DZ Bank downgraded shares of Enphase Energy from a "hold" rating to a "strong sell" rating in a report on Wednesday, April 23rd. Finally, Susquehanna lowered their target price on Enphase Energy from $59.00 to $51.00 and set a "neutral" rating on the stock in a report on Wednesday, April 23rd. Twelve equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $65.44.
Read Our Latest Report on Enphase Energy
Enphase Energy Price Performance
Shares of NASDAQ ENPH traded down $0.53 during midday trading on Tuesday, hitting $35.85. The stock had a trading volume of 13,045,656 shares, compared to its average volume of 4,745,521. The company has a quick ratio of 1.77, a current ratio of 1.90 and a debt-to-equity ratio of 0.70. The stock has a 50 day simple moving average of $45.44 and a 200-day simple moving average of $57.95. The company has a market capitalization of $4.70 billion, a PE ratio of 33.19 and a beta of 1.69. Enphase Energy has a 1 year low of $33.01 and a 1 year high of $130.08.
Insiders Place Their Bets
In other news, CEO Badrinarayanan Kothandaraman bought 4,000 shares of the company's stock in a transaction on Friday, April 25th. The stock was bought at an average cost of $46.35 per share, with a total value of $185,400.00. Following the transaction, the chief executive officer now directly owns 1,598,696 shares in the company, valued at $74,099,559.60. The trade was a 0.25% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 3.10% of the stock is owned by insiders.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently made changes to their positions in ENPH. CX Institutional purchased a new stake in Enphase Energy during the 1st quarter worth approximately $29,000. First Horizon Advisors Inc. increased its position in shares of Enphase Energy by 83.0% during the first quarter. First Horizon Advisors Inc. now owns 569 shares of the semiconductor company's stock worth $35,000 after acquiring an additional 258 shares during the period. SVB Wealth LLC acquired a new stake in shares of Enphase Energy in the first quarter valued at $38,000. Brooklyn Investment Group raised its stake in shares of Enphase Energy by 124.7% in the first quarter. Brooklyn Investment Group now owns 663 shares of the semiconductor company's stock valued at $41,000 after acquiring an additional 368 shares in the last quarter. Finally, Venturi Wealth Management LLC boosted its holdings in Enphase Energy by 318.1% in the fourth quarter. Venturi Wealth Management LLC now owns 669 shares of the semiconductor company's stock valued at $46,000 after purchasing an additional 509 shares during the period. Hedge funds and other institutional investors own 72.12% of the company's stock.
About Enphase Energy
(
Get Free Report)
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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