The Goldman Sachs Group Lowers Enphase Energy (NASDAQ:ENPH) Price Target to $105.00

Enphase Energy (NASDAQ:ENPH) had its price objective trimmed by The Goldman Sachs Group from $121.00 to $105.00 in a research report report published on Wednesday,Benzinga reports. The brokerage currently has a buy rating on the semiconductor company’s stock.

A number of other analysts also recently issued reports on ENPH. Citigroup lifted their price target on shares of Enphase Energy from $71.00 to $72.00 and gave the company a “neutral” rating in a report on Wednesday, January 8th. Hsbc Global Res cut shares of Enphase Energy from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 8th. Janney Montgomery Scott lowered Enphase Energy from a “buy” rating to a “neutral” rating and set a $83.00 target price on the stock. in a research note on Wednesday, October 23rd. Oppenheimer reduced their target price on shares of Enphase Energy from $134.00 to $101.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 23rd. Finally, BNP Paribas cut Enphase Energy from an “outperform” rating to a “neutral” rating and set a $88.00 target price for the company. in a report on Friday, November 8th. Four analysts have rated the stock with a sell rating, sixteen have given a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $95.06.

Enphase Energy Stock Performance

NASDAQ:ENPH opened at $60.99 on Wednesday. The stock has a 50-day simple moving average of $69.29 and a two-hundred day simple moving average of $92.19. The firm has a market capitalization of $8.24 billion, a PE ratio of 138.61, a P/E/G ratio of 8.13 and a beta of 1.68. The company has a debt-to-equity ratio of 1.29, a quick ratio of 3.88 and a current ratio of 4.16. Enphase Energy has a 52-week low of $58.33 and a 52-week high of $141.63.

Enphase Energy (NASDAQ:ENPH) last issued its earnings results on Tuesday, October 22nd. The semiconductor company reported $0.65 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.77 by ($0.12). Enphase Energy had a net margin of 4.91% and a return on equity of 10.56%. The business had revenue of $380.90 million for the quarter, compared to the consensus estimate of $392.51 million. During the same period last year, the business posted $0.84 EPS. The firm’s revenue for the quarter was down 30.9% compared to the same quarter last year. Analysts forecast that Enphase Energy will post 0.91 EPS for the current year.

Institutional Trading of Enphase Energy

Several institutional investors have recently bought and sold shares of the business. Avior Wealth Management LLC lifted its position in shares of Enphase Energy by 6,975.0% during 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 in the last quarter. UMB Bank n.a. raised its position in Enphase Energy by 784.8% during the third quarter. UMB Bank n.a. now owns 292 shares of the semiconductor company’s stock worth $33,000 after acquiring an additional 259 shares during the period. nVerses Capital LLC purchased a new position in Enphase Energy during the third quarter valued at $34,000. Stone House Investment Management LLC acquired a new stake in shares of Enphase Energy in the third quarter valued at about $34,000. Finally, Quarry LP purchased a new stake in shares of Enphase Energy during the third quarter worth about $37,000. 72.12% of the stock is owned by institutional investors and hedge funds.

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.