Tigo Energy (NASDAQ:TYGO) PT Raised to $1.50

Tigo Energy (NASDAQ:TYGO - Free Report) had its price target raised by Roth Mkm from $1.40 to $1.50 in a report released on Thursday, Benzinga reports. Roth Mkm currently has a neutral rating on the stock.

Separately, HC Wainwright reiterated a buy rating and set a $5.00 price objective on shares of Tigo Energy in a research note on Wednesday. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of Moderate Buy and a consensus target price of $6.88.

Tigo Energy Stock Performance

TYGO stock traded down $0.02 during midday trading on Thursday, hitting $1.43. The stock had a trading volume of 20,406 shares, compared to its average volume of 77,574. The firm has a market capitalization of $86.31 million, a price-to-earnings ratio of -0.92 and a beta of 0.66. The company has a current ratio of 3.96, a quick ratio of 1.64 and a debt-to-equity ratio of 0.50. The stock has a 50-day simple moving average of $1.08 and a 200 day simple moving average of $1.58. Tigo Energy has a 52 week low of $0.86 and a 52 week high of $27.00.

Tigo Energy (NASDAQ:TYGO - Get Free Report) last issued its earnings results on Tuesday, May 14th. The company reported ($0.19) earnings per share for the quarter, beating the consensus estimate of ($0.20) by $0.01. The business had revenue of $9.80 million for the quarter, compared to analyst estimates of $11.22 million. As a group, equities research analysts anticipate that Tigo Energy will post -0.53 earnings per share for the current year.

Insiders Place Their Bets

In related news, CEO Zvi Alon sold 35,506 shares of Tigo Energy stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $1.32, for a total value of $46,867.92. Following the completion of the transaction, the chief executive officer now directly owns 173,913 shares of the company's stock, valued at $229,565.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Over the last quarter, insiders have sold 197,671 shares of company stock valued at $260,003. 26.30% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Tigo Energy stock. DekaBank Deutsche Girozentrale acquired a new stake in Tigo Energy, Inc. (NASDAQ:TYGO - Free Report) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 150,000 shares of the company's stock, valued at approximately $1,052,000. DekaBank Deutsche Girozentrale owned about 0.26% of Tigo Energy as of its most recent filing with the Securities and Exchange Commission (SEC). 15.72% of the stock is owned by hedge funds and other institutional investors.

Tigo Energy Company Profile

Tigo Energy, Inc provides solar and energy storage solutions for the solar industry. It offers module level power electronics (MLPEs) to maximize the energy output of individual solar modules. The company also provides GO Energy Storage Systems that provide solar energy storage management capabilities; and Energy Intelligence (EI) platform, which provides monitoring and energy demand forecasting capabilities.