Enphase Energy, Inc. (NASDAQ:ENPH - Get Free Report) Director Steven J. Gomo sold 20,000 shares of the business's stock in a transaction on Thursday, April 25th. The shares were sold at an average price of $104.69, for a total transaction of $2,093,800.00. Following the transaction, the director now owns 118,360 shares of the company's stock, valued at $12,391,108.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
Enphase Energy Stock Up 3.8 %
Shares of NASDAQ ENPH opened at $111.93 on Friday. Enphase Energy, Inc. has a 12-month low of $73.49 and a 12-month high of $192.22. The stock has a market cap of $15.23 billion, a PE ratio of 58.30, a P/E/G ratio of 3.17 and a beta of 1.47. The company has a current ratio of 4.16, a quick ratio of 4.19 and a debt-to-equity ratio of 1.30. The company has a 50-day moving average of $118.22 and a 200 day moving average of $111.90.
Enphase Energy (NASDAQ:ENPH - Get Free Report) last announced its quarterly earnings data on Tuesday, February 6th. The semiconductor company reported $0.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.05. Enphase Energy had a net margin of 15.10% and a return on equity of 31.89%. The company had revenue of $302.57 million during the quarter, compared to analysts' expectations of $327.06 million. As a group, sell-side analysts predict that Enphase Energy, Inc. will post 1.96 EPS for the current fiscal year.
Institutional Trading of Enphase Energy
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Hedge funds have recently made changes to their positions in the company. Bogart Wealth LLC purchased a new stake in shares of Enphase Energy in the 4th quarter valued at approximately $26,000. CVA Family Office LLC purchased a new stake in shares of Enphase Energy in the 4th quarter valued at approximately $31,000. YHB Investment Advisors Inc. purchased a new stake in shares of Enphase Energy in the 1st quarter valued at approximately $35,000. Parkside Financial Bank & Trust grew its stake in shares of 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 buying an additional 176 shares during the period. Finally, Covestor Ltd grew its stake in shares of Enphase Energy by 61.6% in the 3rd quarter. Covestor Ltd now owns 349 shares of the semiconductor company's stock valued at $42,000 after buying an additional 133 shares during the period. Hedge funds and other institutional investors own 72.12% of the company's stock.
Wall Street Analysts Forecast Growth
A number of research firms recently issued reports on ENPH. Mizuho decreased their target price on shares of Enphase Energy from $150.00 to $148.00 and set a "buy" rating for the company in a research report on Friday, April 19th. Piper Sandler restated a "neutral" rating and set a $111.00 target price (down from $113.00) on shares of Enphase Energy in a research report on Wednesday. JPMorgan Chase & Co. decreased their target price on shares of Enphase Energy from $141.00 to $128.00 and set an "overweight" rating for the company in a research report on Wednesday. Truist Financial decreased their target price on shares of Enphase Energy from $145.00 to $130.00 and set a "buy" rating for the company in a research report on Tuesday. Finally, Roth Mkm restated a "buy" rating and set a $140.00 target price on shares of Enphase Energy in a research report on Wednesday. Three equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and sixteen have given a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $137.41.
Read Our Latest Analysis on Enphase Energy
Enphase Energy Company Profile
(
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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