Enphase Energy (NASDAQ:ENPH) PT Raised to $149.00 at B. Riley

Enphase Energy (NASDAQ:ENPH - Free Report) had its price objective hoisted by B. Riley from $121.00 to $149.00 in a report published on Monday, Benzinga reports. They currently have a buy rating on the semiconductor company's stock.

A number of other research firms have also weighed in on ENPH. Wells Fargo & Company raised Enphase Energy from an equal weight rating to an overweight rating and upped their price objective for the stock from $98.00 to $141.00 in a research note on Monday, January 8th. Morgan Stanley boosted their target price on Enphase Energy from $97.00 to $106.00 and gave the stock an equal weight rating in a research report on Wednesday, February 7th. Citigroup downgraded Enphase Energy from a buy rating to a neutral rating and decreased their target price for the stock from $126.00 to $121.00 in a research report on Friday, April 5th. Mizuho decreased their target price on Enphase Energy from $150.00 to $148.00 and set a buy rating on the stock in a research report on Friday. Finally, KeyCorp reiterated a sector weight rating on shares of Enphase Energy in a research report on Thursday, January 4th. Two analysts have rated the stock with a sell rating, thirteen have issued a hold rating and sixteen have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of Hold and a consensus price target of $147.84.

Enphase Energy Price Performance

Shares of NASDAQ ENPH traded up $4.03 during mid-day trading on Monday, reaching $110.51. The company's stock had a trading volume of 3,555,089 shares, compared to its average volume of 4,058,983. The firm has a market capitalization of $15.03 billion, a PE ratio of 36.11, a P/E/G ratio of 3.07 and a beta of 1.47. The company has a debt-to-equity ratio of 1.32, a current ratio of 4.59 and a quick ratio of 4.19. The stock has a fifty day moving average of $119.48 and a two-hundred day moving average of $112.01. Enphase Energy has a 52 week low of $73.49 and a 52 week high of $228.36.

Enphase Energy (NASDAQ:ENPH - Get Free Report) last released its quarterly earnings data on Tuesday, February 6th. The semiconductor company reported $0.29 earnings per share for the quarter, topping analysts' consensus estimates of $0.24 by $0.05. The firm had revenue of $302.57 million during the quarter, compared to analyst estimates of $327.06 million. Enphase Energy had a return on equity of 47.73% and a net margin of 19.16%. As a group, sell-side analysts anticipate that Enphase Energy will post 2.01 EPS for the current fiscal year.

Insider Activity

In related news, Director Richard Mora sold 24,285 shares of the stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $120.59, for a total value of $2,928,528.15. Following the transaction, the director now owns 3,126 shares of the company's stock, valued at $376,964.34. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, EVP David A. Ranhoff sold 5,000 shares of the stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $116.29, for a total value of $581,450.00. Following the transaction, the executive vice president now owns 119,948 shares of the company's stock, valued at $13,948,752.92. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Richard Mora sold 24,285 shares of the stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $120.59, for a total value of $2,928,528.15. Following the completion of the transaction, the director now directly owns 3,126 shares in the company, valued at approximately $376,964.34. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 34,285 shares of company stock valued at $4,054,428. 3.40% of the stock is currently owned by insiders.

Institutional Trading of Enphase Energy

Several hedge funds and other institutional investors have recently bought and sold shares of ENPH. Bogart Wealth LLC bought a new stake in Enphase Energy during the 4th quarter valued at $26,000. CVA Family Office LLC bought a new stake in Enphase Energy during the 4th quarter valued at $31,000. Geneos Wealth Management Inc. boosted its position in Enphase Energy by 68.0% during the 3rd quarter. Geneos Wealth Management Inc. now owns 252 shares of the semiconductor company's stock valued at $30,000 after acquiring an additional 102 shares in the last quarter. Parkside Financial Bank & Trust boosted its position in Enphase Energy by 131.3% during the 3rd quarter. Parkside Financial Bank & Trust now owns 310 shares of the semiconductor company's stock valued at $37,000 after acquiring an additional 176 shares in the last quarter. Finally, Addison Advisors LLC boosted its position in Enphase Energy by 1,447.6% during the 4th quarter. Addison Advisors LLC now owns 325 shares of the semiconductor company's stock valued at $43,000 after acquiring an additional 304 shares in the last quarter. 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.