Enphase Energy Inc (NASDAQ:ENPH) CFO Eric Branderiz sold 30,935 shares of the company’s stock in a transaction dated Tuesday, March 19th. The stock was sold at an average price of $8.88, for a total value of $274,702.80. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
Eric Branderiz also recently made the following trade(s):
- On Tuesday, March 5th, Eric Branderiz purchased 11,415 shares of Enphase Energy stock. The shares were purchased at an average price of $8.77 per share, with a total value of $100,109.55.
Shares of ENPH stock traded down $0.02 during trading hours on Wednesday, reaching $9.18. The company had a trading volume of 1,771,365 shares, compared to its average volume of 2,096,854. The company has a debt-to-equity ratio of 10.50, a quick ratio of 1.42 and a current ratio of 1.51. Enphase Energy Inc has a twelve month low of $3.70 and a twelve month high of $9.70. The firm has a market cap of $1.05 billion, a P/E ratio of -76.50 and a beta of 1.46.
Enphase Energy (NASDAQ:ENPH) last posted its earnings results on Tuesday, February 26th. The semiconductor company reported $0.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.02). The firm had revenue of $92.20 million during the quarter, compared to analyst estimates of $85.40 million. During the same period in the prior year, the business posted $0.01 EPS. The business’s quarterly revenue was up 15.7% on a year-over-year basis. On average, equities research analysts predict that Enphase Energy Inc will post 0.21 EPS for the current year.
Several hedge funds have recently bought and sold shares of the company. BlackRock Inc. grew its stake in shares of Enphase Energy by 2.8% in the fourth quarter. BlackRock Inc. now owns 5,688,416 shares of the semiconductor company’s stock valued at $26,907,000 after buying an additional 154,094 shares in the last quarter. Park West Asset Management LLC grew its stake in shares of Enphase Energy by 18.8% in the fourth quarter. Park West Asset Management LLC now owns 4,487,779 shares of the semiconductor company’s stock valued at $21,227,000 after buying an additional 709,870 shares in the last quarter. Vanguard Group Inc grew its stake in shares of Enphase Energy by 13.1% in the third quarter. Vanguard Group Inc now owns 4,128,064 shares of the semiconductor company’s stock valued at $20,021,000 after buying an additional 479,564 shares in the last quarter. Vanguard Group Inc. grew its stake in shares of Enphase Energy by 13.1% in the third quarter. Vanguard Group Inc. now owns 4,128,064 shares of the semiconductor company’s stock valued at $20,021,000 after buying an additional 479,564 shares in the last quarter. Finally, Tenzing Global Management LLC grew its stake in shares of Enphase Energy by 0.7% in the fourth quarter. Tenzing Global Management LLC now owns 3,775,000 shares of the semiconductor company’s stock valued at $17,856,000 after buying an additional 25,000 shares in the last quarter. Institutional investors and hedge funds own 43.03% of the company’s stock.
Several brokerages have commented on ENPH. Raymond James lowered Enphase Energy from a “market perform” rating to an “underperform” rating in a research note on Tuesday. They noted that the move was a valuation call. BidaskClub lowered Enphase Energy from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, February 20th. Zacks Investment Research upgraded Enphase Energy from a “hold” rating to a “buy” rating and set a $10.00 price target for the company in a research note on Friday, March 1st. TheStreet upgraded Enphase Energy from a “d+” rating to a “c-” rating in a research note on Wednesday, November 28th. Finally, HC Wainwright restated a “buy” rating and set a $12.00 price target (up from $9.00) on shares of Enphase Energy in a research note on Thursday, February 28th. One analyst has rated the stock with a sell rating, one has issued a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. Enphase Energy currently has a consensus rating of “Buy” and a consensus price target of $8.36.
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About Enphase Energy
Enphase Energy, Inc, together with its subsidiaries, designs, develops, and sells microinverter systems for residential and commercial markets in the United States and internationally. The company's semiconductor-based microinverter system converts direct current (DC) electricity to alternating current (AC) electricity at the individual solar module level.
Further Reading: Beta
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