Enphase Energy (NASDAQ:ENPH - Get Free Report) had its target price lowered by research analysts at Susquehanna from $51.00 to $40.00 in a research note issued to investors on Monday,Benzinga reports. The firm presently has a "neutral" rating on the semiconductor company's stock. Susquehanna's price objective suggests a potential downside of 5.88% from the company's current price.
ENPH has been the topic of several other research reports. JPMorgan Chase & Co. reissued a "neutral" rating and set a $37.00 price objective (down previously from $64.00) on shares of Enphase Energy in a research note on Tuesday, July 15th. Citigroup lowered their price target on shares of Enphase Energy from $47.00 to $43.00 and set a "sell" rating for the company in a report on Thursday, June 5th. Canaccord Genuity Group decreased their price target on Enphase Energy from $70.00 to $58.00 and set a "buy" rating for the company in a research note on Thursday, April 24th. KeyCorp reaffirmed an "underweight" rating and set a $31.00 target price on shares of Enphase Energy in a research note on Tuesday, June 17th. Finally, BNP Paribas downgraded shares of Enphase Energy from an "outperform" rating to an "underperform" rating in a research report on Tuesday, May 13th. Thirteen analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and nine have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $60.46.
View Our Latest Report on Enphase Energy
Enphase Energy Stock Performance
Shares of NASDAQ:ENPH traded up $2.84 during trading on Monday, reaching $42.50. The company had a trading volume of 17,903,032 shares, compared to its average volume of 5,132,533. The stock's fifty day moving average price is $42.00 and its 200 day moving average price is $53.12. Enphase Energy has a fifty-two week low of $33.01 and a fifty-two week high of $130.08. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.90 and a quick ratio of 1.77. The firm has a market capitalization of $5.58 billion, a price-to-earnings ratio of 39.35 and a beta of 1.67.
Insider Activity
In other Enphase Energy news, CEO Badrinarayanan Kothandaraman purchased 4,000 shares of the company's stock in a transaction dated Friday, April 25th. The stock was bought at an average cost of $46.35 per share, for a total transaction of $185,400.00. Following the completion of the transaction, the chief executive officer owned 1,598,696 shares in the company, valued at approximately $74,099,559.60. This represents a 0.25% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through this link. 3.10% of the stock is owned by corporate insiders.
Institutional Trading of Enphase Energy
Hedge funds have recently made changes to their positions in the company. Mount Vernon Associates Inc. MD lifted its holdings in shares of Enphase Energy by 3.7% in the second quarter. Mount Vernon Associates Inc. MD now owns 12,760 shares of the semiconductor company's stock valued at $506,000 after purchasing an additional 450 shares in the last quarter. QRG Capital Management Inc. increased its holdings in Enphase Energy by 4.5% during the second quarter. QRG Capital Management Inc. now owns 8,616 shares of the semiconductor company's stock worth $342,000 after buying an additional 369 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. increased its holdings in Enphase Energy by 13.3% during the second quarter. Mirae Asset Global Investments Co. Ltd. now owns 58,113 shares of the semiconductor company's stock worth $2,304,000 after buying an additional 6,825 shares during the last quarter. Janney Montgomery Scott LLC increased its stake in shares of Enphase Energy by 224.0% in the second quarter. Janney Montgomery Scott LLC now owns 47,168 shares of the semiconductor company's stock worth $1,870,000 after purchasing an additional 32,611 shares in the last quarter. Finally, V Square Quantitative Management LLC increased its stake in shares of Enphase Energy by 28.8% in the second quarter. V Square Quantitative Management LLC now owns 5,416 shares of the semiconductor company's stock worth $215,000 after purchasing an additional 1,212 shares in the last quarter. 72.12% of the stock is owned by institutional investors and hedge funds.
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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