Brokerages Set Enphase Energy, Inc. (NASDAQ:ENPH) Target Price at $151.03

Enphase Energy, Inc. (NASDAQ:ENPH - Get Free Report) has been assigned a consensus rating of "Moderate Buy" from the twenty-nine analysts that are currently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and sixteen have assigned a buy rating to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $151.03.

Several research firms have recently commented on ENPH. Oppenheimer raised Enphase Energy from a "market perform" rating to an "outperform" rating and set a $133.00 price target for the company in a report on Wednesday, February 7th. Susquehanna reaffirmed a "positive" rating and set a $140.00 price objective on shares of Enphase Energy in a report on Friday, April 5th. Wells Fargo & Company raised Enphase Energy from an "equal weight" rating to an "overweight" rating and lifted their price objective for the stock from $98.00 to $141.00 in a report on Monday, January 8th. Truist Financial raised Enphase Energy from a "hold" rating to a "buy" rating and lifted their price objective for the stock from $85.00 to $145.00 in a report on Tuesday, January 23rd. Finally, Canaccord Genuity Group initiated coverage on Enphase Energy in a report on Tuesday, January 16th. They set a "buy" rating and a $142.00 price objective for the company.

Enphase Energy Stock Performance

Shares of ENPH stock traded down $4.68 during midday trading on Friday, hitting $117.02. The company had a trading volume of 2,915,405 shares, compared to its average volume of 3,298,363. The company's 50 day simple moving average is $119.94 and its 200 day simple moving average is $112.31. Enphase Energy has a 52-week low of $73.49 and a 52-week high of $231.42. The stock has a market cap of $15.91 billion, a price-to-earnings ratio of 38.24, a PEG ratio of 3.24 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.

Enphase Energy (NASDAQ:ENPH - Get Free Report) last posted its quarterly earnings results on Tuesday, February 6th. The semiconductor company reported $0.29 EPS for the quarter, beating the consensus estimate of $0.24 by $0.05. The business had revenue of $302.57 million during the quarter, compared to analysts' expectations of $327.06 million. Enphase Energy had a return on equity of 47.73% and a net margin of 19.16%. Research analysts anticipate that Enphase Energy will post 2.09 earnings per share for the current fiscal year.

Insider Activity at Enphase Energy

In other Enphase Energy 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 transaction of $2,928,528.15. Following the transaction, the director now owns 3,126 shares of the company's stock, valued at approximately $376,964.34. The transaction was disclosed in a document filed with the SEC, which is available at this link. In related news, CEO Badrinarayanan Kothandaraman purchased 4,000 shares of the business's stock in a transaction that occurred on Tuesday, February 27th. The shares were acquired at an average price of $120.54 per share, with a total value of $482,160.00. Following the acquisition, the chief executive officer now owns 1,655,171 shares in the company, valued at approximately $199,514,312.34. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Richard Mora sold 24,285 shares of the firm's 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 sale, 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. 4.80% of the stock is currently owned by company insiders.

Institutional Trading of Enphase Energy

Several hedge funds have recently made changes to their positions in ENPH. Fermata Advisors LLC increased its position in Enphase Energy by 1.4% in the 1st quarter. Fermata Advisors LLC now owns 7,070 shares of the semiconductor company's stock valued at $855,000 after acquiring an additional 100 shares during the period. FCF Advisors LLC increased its position in shares of Enphase Energy by 8.5% during the 1st quarter. FCF Advisors LLC now owns 20,370 shares of the semiconductor company's stock valued at $2,464,000 after purchasing an additional 1,603 shares during the period. First Community Trust NA increased its position in shares of Enphase Energy by 30.6% during the 1st quarter. First Community Trust NA now owns 2,005 shares of the semiconductor company's stock valued at $243,000 after purchasing an additional 470 shares during the period. Massmutual Trust Co. FSB ADV increased its position in shares of Enphase Energy by 117.3% during the 1st quarter. Massmutual Trust Co. FSB ADV now owns 32,462 shares of the semiconductor company's stock valued at $3,927,000 after purchasing an additional 17,520 shares during the period. Finally, Los Angeles Capital Management LLC increased its position in shares of Enphase Energy by 1,911.7% during the 1st quarter. Los Angeles Capital Management LLC now owns 119,799 shares of the semiconductor company's stock valued at $14,493,000 after purchasing an additional 113,844 shares during the period. 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.