Enphase Energy, Inc. (NASDAQ:ENPH) Receives $101.13 Average PT from Brokerages

Shares of Enphase Energy, Inc. (NASDAQ:ENPH) have been assigned an average rating of “Hold” from the thirty-three analysts that are currently covering the stock, Marketbeat.com reports. Four research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and fourteen have issued a buy rating on the company. The average 1 year price target among brokerages that have covered the stock in the last year is $101.13.

A number of equities analysts recently issued reports on the stock. Guggenheim downgraded shares of Enphase Energy from a “neutral” rating to a “sell” rating and set a $73.00 price target for the company. in a research note on Wednesday, October 23rd. Raymond James decreased their price target on shares of Enphase Energy from $140.00 to $130.00 and set an “outperform” rating for the company in a research note on Wednesday, October 23rd. Hsbc Global Res downgraded shares of Enphase Energy from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 8th. The Goldman Sachs Group decreased their price target on shares of Enphase Energy from $170.00 to $145.00 and set a “buy” rating for the company in a research note on Wednesday, October 23rd. Finally, Evercore ISI decreased their price target on shares of Enphase Energy from $133.00 to $125.00 and set an “outperform” rating for the company in a research note on Wednesday, October 23rd.

Hedge Funds Weigh In On Enphase Energy

Hedge funds have recently added to or reduced their stakes in the company. Avior Wealth Management LLC boosted its position in Enphase Energy by 6,975.0% in the 3rd quarter. Avior Wealth Management LLC now owns 283 shares of the semiconductor company’s stock valued at $32,000 after buying an additional 279 shares during the period. UMB Bank n.a. boosted its position in Enphase Energy by 784.8% in the 3rd quarter. UMB Bank n.a. now owns 292 shares of the semiconductor company’s stock valued at $33,000 after buying an additional 259 shares during the period. nVerses Capital LLC purchased a new stake in Enphase Energy in the 3rd quarter valued at about $34,000. Stone House Investment Management LLC purchased a new stake in Enphase Energy in the 3rd quarter valued at about $34,000. Finally, Quarry LP purchased a new stake in shares of Enphase Energy in the 3rd quarter worth approximately $37,000. 72.12% of the stock is currently owned by institutional investors.

Enphase Energy Stock Performance

Shares of NASDAQ:ENPH opened at $72.36 on Monday. The company has a market cap of $9.78 billion, a price-to-earnings ratio of 162.98, a price-to-earnings-growth ratio of 21.26 and a beta of 1.77. The company has a 50-day moving average price of $89.18 and a 200-day moving average price of $105.50. The company has a current ratio of 4.16, a quick ratio of 3.88 and a debt-to-equity ratio of 1.29. Enphase Energy has a 12 month low of $58.33 and a 12 month high of $141.63.

Enphase Energy (NASDAQ:ENPH) last issued its quarterly earnings data on Tuesday, October 22nd. The semiconductor company reported $0.65 EPS for the quarter, missing the consensus estimate of $0.77 by ($0.12). The firm had revenue of $380.90 million for the quarter, compared to the consensus estimate of $392.51 million. Enphase Energy had a net margin of 4.91% and a return on equity of 10.56%. The business’s revenue was down 30.9% on a year-over-year basis. During the same period last year, the company posted $0.84 earnings per share. As a group, equities analysts anticipate that Enphase Energy will post 0.95 EPS for the current year.

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.