Analysts Set Enphase Energy, Inc. (NASDAQ:ENPH) Target Price at $101.13

Enphase Energy, Inc. (NASDAQ:ENPH) has been given an average rating of “Hold” by the thirty-three analysts that are covering the company, MarketBeat Ratings reports. Four analysts have rated the stock with a sell recommendation, fifteen have issued a hold recommendation and fourteen have issued a buy recommendation on the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $101.13.

Several research analysts recently issued reports on ENPH shares. Canaccord Genuity Group reaffirmed a “hold” rating and set a $76.00 target price on shares of Enphase Energy in a research report on Tuesday, November 19th. Susquehanna lowered their target price on Enphase Energy from $104.00 to $85.00 and set a “neutral” rating for the company in a research report on Thursday, October 24th. Roth Mkm lowered their target price on Enphase Energy from $130.00 to $100.00 and set a “buy” rating for the company in a research report on Wednesday, October 23rd. Janney Montgomery Scott lowered Enphase Energy from a “buy” rating to a “neutral” rating and set a $83.00 target price for the company. in a research report on Wednesday, October 23rd. Finally, Evercore ISI decreased their price target on Enphase Energy from $133.00 to $125.00 and set an “outperform” rating for the company in a report on Wednesday, October 23rd.

Enphase Energy Trading Up 2.6 %

Shares of NASDAQ:ENPH opened at $72.36 on Monday. The company has a market capitalization of $9.78 billion, a P/E ratio of 162.98, a P/E/G ratio of 21.26 and a beta of 1.77. Enphase Energy has a 1 year low of $58.33 and a 1 year high of $141.63. The company has a debt-to-equity ratio of 1.29, a current ratio of 4.16 and a quick ratio of 3.88. The business’s 50 day simple moving average is $89.18 and its 200 day simple moving average is $105.50.

Enphase Energy (NASDAQ:ENPH) last issued its quarterly earnings results on Tuesday, October 22nd. The semiconductor company reported $0.65 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.77 by ($0.12). The company had revenue of $380.90 million for the quarter, compared to analyst estimates of $392.51 million. Enphase Energy had a return on equity of 10.56% and a net margin of 4.91%. The company’s quarterly revenue was down 30.9% compared to the same quarter last year. During the same period in the prior year, the company earned $0.84 EPS. On average, research analysts anticipate that Enphase Energy will post 0.95 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in ENPH. Avior Wealth Management LLC lifted its stake in Enphase Energy by 6,975.0% in the third quarter. Avior Wealth Management LLC now owns 283 shares of the semiconductor company’s stock worth $32,000 after purchasing an additional 279 shares during the last quarter. UMB Bank n.a. lifted its stake in Enphase Energy by 784.8% in the third quarter. UMB Bank n.a. now owns 292 shares of the semiconductor company’s stock worth $33,000 after purchasing an additional 259 shares during the last quarter. nVerses Capital LLC bought a new stake in Enphase Energy in the third quarter worth $34,000. Stone House Investment Management LLC bought a new stake in Enphase Energy in the third quarter worth $34,000. Finally, Quarry LP bought a new stake in Enphase Energy in the third quarter worth $37,000. 72.12% of the stock is currently owned by hedge funds and other institutional investors.

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.