Brokerages Set Enphase Energy, Inc. (NASDAQ:ENPH) PT at $128.89

Enphase Energy, Inc. (NASDAQ:ENPH) has received a consensus recommendation of “Hold” from the thirty-one analysts that are covering the firm, MarketBeat reports. Three investment analysts have rated the stock with a sell recommendation, ten have assigned a hold recommendation and eighteen have assigned a buy recommendation to the company. The average 1-year target price among brokers that have covered the stock in the last year is $128.89.

A number of research firms have weighed in on ENPH. Morgan Stanley increased their target price on Enphase Energy from $98.00 to $100.00 and gave the stock an “equal weight” rating in a research note on Wednesday, August 21st. BMO Capital Markets boosted their price objective on shares of Enphase Energy from $110.00 to $115.00 and gave the company a “market perform” rating in a research report on Wednesday, July 24th. Susquehanna raised their target price on shares of Enphase Energy from $140.00 to $147.00 and gave the stock a “positive” rating in a research report on Monday, July 15th. Jefferies Financial Group reiterated a “hold” rating and issued a $115.00 price target (up previously from $111.00) on shares of Enphase Energy in a report on Wednesday, September 4th. Finally, Guggenheim raised their price objective on Enphase Energy from $92.00 to $93.00 and gave the stock a “sell” rating in a report on Wednesday, July 24th.

Enphase Energy Price Performance

Enphase Energy stock opened at $109.91 on Wednesday. The firm has a market capitalization of $14.88 billion, a PE ratio of 57.24, a price-to-earnings-growth ratio of 5.84 and a beta of 1.72. Enphase Energy has a 12-month low of $73.49 and a 12-month high of $141.63. The firm has a 50-day moving average price of $112.24 and a 200-day moving average price of $114.90. The company has a current ratio of 4.23, a quick ratio of 3.90 and a debt-to-equity ratio of 1.36.

Enphase Energy (NASDAQ:ENPH) last announced its earnings results on Tuesday, July 23rd. The semiconductor company reported $0.43 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.49 by ($0.06). Enphase Energy had a net margin of 9.12% and a return on equity of 17.30%. The business had revenue of $303.80 million for the quarter, compared to analysts’ expectations of $309.73 million. During the same quarter last year, the firm earned $1.16 EPS. The firm’s quarterly revenue was down 57.3% on a year-over-year basis. As a group, equities research analysts forecast that Enphase Energy will post 1.19 EPS for the current year.

Insiders Place Their Bets

In related news, EVP David A. Ranhoff sold 5,000 shares of the company’s stock in a transaction on Monday, June 17th. The stock was sold at an average price of $123.27, for a total value of $616,350.00. Following the transaction, the executive vice president now directly owns 107,943 shares of the company’s stock, valued at approximately $13,306,133.61. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 3.40% of the stock is owned by insiders.

Institutional Trading of Enphase Energy

Several large investors have recently made changes to their positions in the business. Manchester Capital Management LLC boosted its holdings in Enphase Energy by 1,068.4% in the first quarter. Manchester Capital Management LLC now owns 222 shares of the semiconductor company’s stock valued at $27,000 after purchasing an additional 203 shares during the last quarter. Chilton Capital Management LLC grew its holdings in Enphase Energy by 2,733.3% during the first quarter. Chilton Capital Management LLC now owns 255 shares of the semiconductor company’s stock worth $31,000 after acquiring an additional 246 shares during the period. YHB Investment Advisors Inc. purchased a new position in Enphase Energy during the first quarter valued at approximately $35,000. TFO Wealth Partners LLC lifted its holdings in Enphase Energy by 6,720.0% in the fourth quarter. TFO Wealth Partners LLC now owns 341 shares of the semiconductor company’s stock valued at $45,000 after acquiring an additional 336 shares during the period. Finally, Quest Partners LLC boosted its position in Enphase Energy by 11,525.0% in the 2nd quarter. Quest Partners LLC now owns 465 shares of the semiconductor company’s stock worth $46,000 after purchasing an additional 461 shares in the last quarter. 72.12% of the stock is owned by hedge funds and other institutional investors.

About Enphase Energy

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.