Key Points
- Director Richard Mora sold 1,500 Enphase Energy shares at an average price of $40.36, generating $60,540 and reducing his direct holdings by 12.58% to 10,422 shares. He has also sold shares in three other transactions since May.
- Enphase shares opened at $40.48 and were down 0.7%, with the stock trading below its 50-day and 200-day moving averages. The company’s latest quarterly earnings slightly missed EPS expectations, while revenue declined 19.6% year over year.
- Analysts maintain a consensus “Hold” rating with an average price target of $45.61; eight analysts rate the stock a Buy, 12 a Hold, and three a Sell.
Enphase Energy, Inc. (NASDAQ:ENPH - Get Free Report) Director Richard Mora sold 1,500 shares of the firm's stock in a transaction that occurred on Friday, August 14th. The stock was sold at an average price of $40.36, for a total transaction of $60,540.00. Following the sale, the director directly owned 10,422 shares of the company's stock, valued at approximately $420,631.92. The trade was a 12.58% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.
Richard Mora also recently made the following trade(s):
- On Thursday, July 30th, Richard Mora sold 2,000 shares of Enphase Energy stock. The stock was sold at an average price of $36.76, for a total value of $73,520.00.
- On Monday, June 1st, Richard Mora sold 700 shares of Enphase Energy stock. The stock was sold at an average price of $64.20, for a total value of $44,940.00.
- On Tuesday, May 19th, Richard Mora sold 700 shares of Enphase Energy stock. The stock was sold at an average price of $46.39, for a total value of $32,473.00.
Enphase Energy Trading Down 0.7%
ENPH stock opened at $40.48 on Friday. The business has a fifty day moving average price of $44.38 and a 200 day moving average price of $44.06. The company has a debt-to-equity ratio of 0.48, a current ratio of 3.45 and a quick ratio of 2.95. Enphase Energy, Inc. has a fifty-two week low of $25.77 and a fifty-two week high of $73.74. The stock has a market capitalization of $5.35 billion, a price-to-earnings ratio of 40.48 and a beta of 1.64.
Enphase Energy (NASDAQ:ENPH - Get Free Report) last posted its quarterly earnings data on Tuesday, July 28th. The semiconductor company reported $0.46 EPS for the quarter, missing analysts' consensus estimates of $0.47 by ($0.01). The business had revenue of $291.85 million during the quarter, compared to analyst estimates of $289.76 million. Enphase Energy had a return on equity of 13.31% and a net margin of 10.09%.Enphase Energy's revenue for the quarter was down 19.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.69 EPS. Analysts expect that Enphase Energy, Inc. will post 0.78 EPS for the current fiscal year.
Institutional Trading of Enphase Energy
Institutional investors and hedge funds have recently made changes to their positions in the business. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its stake in shares of Enphase Energy by 431.9% in the 2nd quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 633 shares of the semiconductor company's stock valued at $25,000 after purchasing an additional 514 shares during the period. Activest Wealth Management grew its stake in shares of Enphase Energy by 52,000.0% during the fourth quarter. Activest Wealth Management now owns 1,042 shares of the semiconductor company's stock worth $33,000 after purchasing an additional 1,040 shares during the period. Ascentis Independent Advisors bought a new stake in Enphase Energy in the first quarter valued at about $33,000. Burnham & Co LLC bought a new stake in Enphase Energy in the second quarter valued at about $34,000. Finally, Danske Bank A S bought a new stake in Enphase Energy in the third quarter valued at about $39,000. Institutional investors own 72.12% of the company's stock.
Analysts Set New Price Targets
Several brokerages recently issued reports on ENPH. Weiss Ratings upgraded shares of Enphase Energy from a "sell (d)" rating to a "sell (d+)" rating in a research report on Tuesday, June 23rd. Morgan Stanley set a $27.00 price objective on shares of Enphase Energy in a research report on Friday, May 8th. BMO Capital Markets dropped their target price on shares of Enphase Energy from $39.00 to $37.00 and set a "market perform" rating for the company in a research note on Wednesday, July 29th. Wells Fargo & Company reduced their target price on shares of Enphase Energy from $45.00 to $44.00 and set an "overweight" rating on the stock in a research report on Wednesday, July 29th. Finally, Barclays raised shares of Enphase Energy from an "underweight" rating to an "equal weight" rating and increased their price target for the company from $30.00 to $51.00 in a research note on Thursday, June 18th. Eight analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, Enphase Energy has an average rating of "Hold" and an average price target of $45.61.
Read Our Latest Report on ENPH
About Enphase Energy
(
Get Free Report)
Enphase Energy is a global energy technology company that specializes in solar microinverters, energy storage systems and energy management software. Its core business centers on converting direct current (DC) power generated by solar panels into alternating current (AC) power suitable for use in residential and commercial applications. By integrating hardware and software solutions, Enphase Energy aims to improve solar energy yield, enhance system reliability and provide real-time monitoring capabilities to its customers.
The company's product portfolio includes its IQ Series microinverters, which attach to individual solar panels to optimize performance at the module level and reduce the impact of shading or system failures.
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