Enphase Energy (NASDAQ:ENPH) Earns Buy Rating from Roth Mkm

Roth Mkm reiterated their buy rating on shares of Enphase Energy (NASDAQ:ENPH) in a report released on Wednesday morning, Benzinga reports. They currently have a $140.00 price objective on the semiconductor company’s stock.

Other equities research analysts have also recently issued reports about the company. BMO Capital Markets raised their target price on Enphase Energy from $106.00 to $110.00 and gave the company a market perform rating in a research report on Wednesday, February 7th. TD Cowen raised their price objective on Enphase Energy from $140.00 to $145.00 and gave the company a buy rating in a report on Wednesday. Citigroup cut Enphase Energy from a buy rating to a neutral rating and cut their price objective for the company from $126.00 to $121.00 in a research report on Friday, April 5th. Truist Financial decreased their target price on Enphase Energy from $145.00 to $130.00 and set a buy rating on the stock in a research report on Tuesday, April 23rd. Finally, Guggenheim lowered shares of Enphase Energy from a neutral rating to a sell rating and set a $92.00 price target for the company. in a report on Wednesday. Three analysts have rated the stock with a sell rating, thirteen have issued a hold rating and sixteen have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of Hold and an average target price of $137.41.

Enphase Energy Stock Up 3.8 %

Shares of ENPH stock opened at $111.93 on Wednesday. Enphase Energy has a twelve month low of $73.49 and a twelve month high of $192.22. The stock has a market cap of $15.23 billion, a P/E ratio of 58.30, a P/E/G ratio of 3.17 and a beta of 1.47. The stock has a 50 day moving average of $117.82 and a 200 day moving average of $111.85. The company has a current ratio of 4.16, a quick ratio of 4.19 and a debt-to-equity ratio of 1.30.

Enphase Energy (NASDAQ:ENPH) last announced its quarterly earnings results on Tuesday, February 6th. The semiconductor company reported $0.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.24 by $0.05. The firm had revenue of $302.57 million for the quarter, compared to the consensus estimate of $327.06 million. Enphase Energy had a net margin of 15.10% and a return on equity of 31.89%. As a group, sell-side analysts expect that Enphase Energy will post 1.96 EPS for the current year.

Insider Buying and Selling

In other Enphase Energy news, Director Richard Mora sold 24,285 shares of the business’s stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $120.59, for a total value of $2,928,528.15. Following the transaction, the director now directly owns 3,126 shares in the company, valued at approximately $376,964.34. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, Director Richard Mora sold 24,285 shares of Enphase Energy stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $120.59, for a total transaction of $2,928,528.15. Following the sale, the director now owns 3,126 shares of the company’s stock, valued at approximately $376,964.34. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Badrinarayanan Kothandaraman acquired 4,000 shares of the stock in a transaction that occurred on Tuesday, February 27th. The stock was acquired at an average price of $120.54 per share, with a total value of $482,160.00. Following the completion of the transaction, the chief executive officer now directly owns 1,655,171 shares of the company’s stock, valued at approximately $199,514,312.34. The disclosure for this purchase can be found here. Over the last ninety days, insiders sold 54,285 shares of company stock worth $6,148,228. Insiders own 3.40% of the company’s stock.

Institutional Trading of Enphase Energy

Institutional investors and hedge funds have recently bought and sold shares of the stock. Bogart Wealth LLC acquired a new stake in shares of Enphase Energy during the fourth quarter valued at about $26,000. CVA Family Office LLC purchased a new position in shares of Enphase Energy during the 4th quarter worth approximately $31,000. YHB Investment Advisors Inc. purchased a new position in shares of Enphase Energy during the 1st quarter worth approximately $35,000. Parkside Financial Bank & Trust increased its holdings in Enphase Energy by 131.3% in the 3rd quarter. Parkside Financial Bank & Trust now owns 310 shares of the semiconductor company’s stock valued at $37,000 after purchasing an additional 176 shares during the last quarter. Finally, Addison Advisors LLC raised its position in Enphase Energy by 1,447.6% in the fourth quarter. Addison Advisors LLC now owns 325 shares of the semiconductor company’s stock valued at $43,000 after purchasing an additional 304 shares during the period. 72.12% of the stock is currently owned by hedge funds and other institutional investors.

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.