AWM Investment Company Inc. Acquires New Holdings in Tigo Energy, Inc. $TYGO

AWM Investment Company Inc. bought a new position in shares of Tigo Energy, Inc. (NASDAQ:TYGO - Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 3,347,933 shares of the company's stock, valued at approximately $7,801,000. AWM Investment Company Inc. owned 4.41% of Tigo Energy as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. JPMorgan Chase & Co. acquired a new stake in Tigo Energy in the third quarter valued at approximately $31,000. Walleye Capital LLC acquired a new stake in shares of Tigo Energy in the 2nd quarter worth $29,000. Scientech Research LLC acquired a new stake in shares of Tigo Energy in the 3rd quarter worth $33,000. Virtu Financial LLC purchased a new position in Tigo Energy during the 3rd quarter worth $34,000. Finally, Centiva Capital LP purchased a new position in Tigo Energy during the 3rd quarter worth $59,000. Institutional investors own 15.72% of the company's stock.

Insiders Place Their Bets

In related news, Director Joan C. Conley sold 50,000 shares of the stock in a transaction dated Wednesday, June 10th. The stock was sold at an average price of $3.10, for a total transaction of $155,000.00. Following the transaction, the director owned 227,902 shares of the company's stock, valued at approximately $706,496.20. This represents a 17.99% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Zvi Alon sold 72,057 shares of the stock in a transaction dated Thursday, June 4th. The stock was sold at an average price of $3.42, for a total transaction of $246,434.94. Following the sale, the chief executive officer directly owned 1,239,316 shares in the company, valued at $4,238,460.72. This represents a 5.49% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 399,992 shares of company stock valued at $1,368,007 over the last quarter. 26.60% of the stock is owned by insiders.

Analyst Ratings Changes

Several equities analysts recently issued reports on TYGO shares. Roth Capital downgraded Tigo Energy from a "buy" rating to a "neutral" rating and set a $1.30 target price on the stock. in a research report on Wednesday, August 12th. HC Wainwright lowered their price target on Tigo Energy from $6.00 to $3.50 and set a "buy" rating for the company in a research report on Wednesday, August 5th. Wall Street Zen downgraded Tigo Energy from a "hold" rating to a "sell" rating in a research note on Saturday, August 15th. Weiss Ratings raised Tigo Energy from a "hold (c-)" rating to a "hold (c)" rating in a report on Thursday, August 6th. Finally, Northland Securities set a $6.40 price objective on Tigo Energy in a research note on Thursday, May 7th. One equities research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $3.73.

Tigo Energy Price Performance

NASDAQ:TYGO opened at $1.05 on Wednesday. The stock has a 50 day moving average of $1.78 and a two-hundred day moving average of $3.13. Tigo Energy, Inc. has a 12 month low of $0.93 and a 12 month high of $5.33. The firm has a market cap of $79.71 million, a P/E ratio of 7.50 and a beta of 1.32. The company has a current ratio of 3.04, a quick ratio of 1.90 and a debt-to-equity ratio of 0.09.

Tigo Energy (NASDAQ:TYGO - Get Free Report) last posted its quarterly earnings results on Tuesday, August 4th. The company reported $0.05 earnings per share for the quarter, topping the consensus estimate of $0.04 by $0.01. The firm had revenue of $25.41 million for the quarter, compared to the consensus estimate of $30.82 million. Tigo Energy had a net margin of 8.97% and a negative return on equity of 1.74%. On average, analysts expect that Tigo Energy, Inc. will post -0.01 earnings per share for the current fiscal year.

About Tigo Energy

Tigo Energy, Inc NASDAQ: TYGO is a U.S.-based provider of module-level power electronics (MLPE) solutions designed to optimize the performance and safety of solar photovoltaic systems. Founded in 2007 and headquartered in Campbell, California, Tigo Energy develops hardware and software tools that enhance energy yield, improve system reliability, and streamline compliance with electrical codes. The company's technology platform is used by solar installers, project developers, and module manufacturers to deliver higher returns on investment and bolster the safety profile of PV arrays.

At the core of Tigo's offerings is its TS4 platform, a modular MLPE solution that enables real-time monitoring, rapid shutdown functionality, and maximum power point tracking at the panel level.

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