Enphase Energy, Inc. (NASDAQ:ENPH - Get Free Report) EVP David A. Ranhoff sold 5,000 shares of the company's stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $116.29, for a total value of $581,450.00. Following the completion of the sale, the executive vice president now owns 119,948 shares in the company, valued at approximately $13,948,752.92. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.
Enphase Energy Trading Up 1.4 %
NASDAQ:ENPH opened at $112.05 on Thursday. The business's 50-day moving average is $120.33 and its two-hundred day moving average is $112.19. The company has a debt-to-equity ratio of 1.32, a current ratio of 4.59 and a quick ratio of 4.19. Enphase Energy, Inc. has a 12 month low of $73.49 and a 12 month high of $231.42. The firm has a market capitalization of $15.24 billion, a PE ratio of 36.62, a price-to-earnings-growth ratio of 3.12 and a beta of 1.47.
Enphase Energy (NASDAQ:ENPH - Get Free Report) last released its quarterly earnings data on Tuesday, February 6th. The semiconductor company reported $0.29 EPS for the quarter, beating the consensus estimate of $0.24 by $0.05. Enphase Energy had a return on equity of 47.73% and a net margin of 19.16%. The company had revenue of $302.57 million for the quarter, compared to analyst estimates of $327.06 million. Research analysts predict that Enphase Energy, Inc. will post 2.09 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
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Hedge funds have recently added to or reduced their stakes in the stock. Resurgent Financial Advisors LLC purchased a new position in Enphase Energy in the fourth quarter valued at about $29,000. KB Financial Partners LLC purchased a new position in Enphase Energy in the first quarter valued at about $28,000. Coppell Advisory Solutions Corp. purchased a new stake in shares of Enphase Energy during the fourth quarter worth about $42,000. First Capital Advisors Group LLC. purchased a new stake in shares of Enphase Energy during the second quarter worth about $28,000. Finally, Bogart Wealth LLC purchased a new stake in shares of Enphase Energy during the fourth quarter worth about $26,000. 72.12% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
A number of equities research analysts recently issued reports on ENPH shares. Citigroup lowered Enphase Energy from a "buy" rating to a "neutral" rating and reduced their target price for the company from $126.00 to $121.00 in a research note on Friday, April 5th. Canaccord Genuity Group assumed coverage on Enphase Energy in a report on Tuesday, January 16th. They set a "buy" rating and a $142.00 target price on the stock. Royal Bank of Canada assumed coverage on Enphase Energy in a report on Wednesday, February 14th. They set an "outperform" rating and a $140.00 target price on the stock. Roth Mkm lowered their target price on Enphase Energy from $150.00 to $140.00 and set a "buy" rating on the stock in a report on Thursday, February 1st. Finally, Piper Sandler lowered their target price on Enphase Energy from $120.00 to $117.00 and set a "neutral" rating on the stock in a report on Friday, January 12th. Two investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and sixteen have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $149.94.
Get Our Latest Stock Analysis on Enphase Energy
Enphase Energy Company Profile
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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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