Enphase Energy (NASDAQ:ENPH) Rating Reiterated by Roth Mkm

Roth Mkm reissued their buy rating on shares of Enphase Energy (NASDAQ:ENPH) in a research note published on Wednesday morning, Benzinga reports. Roth Mkm currently has a $140.00 price target on the semiconductor company’s stock.

A number of other research analysts have also recently issued reports on the company. DZ Bank initiated coverage on Enphase Energy in a report on Wednesday, April 17th. They set a hold rating and a $116.00 price objective for the company. Mizuho cut their price objective on Enphase Energy from $150.00 to $148.00 and set a buy rating for the company in a report on Friday, April 19th. Royal Bank of Canada started coverage on Enphase Energy in a research note on Wednesday, February 14th. They issued an outperform rating and a $140.00 target price for the company. StockNews.com lowered Enphase Energy from a hold rating to a sell rating in a research note on Wednesday, February 7th. Finally, Barclays raised their target price on Enphase Energy from $106.00 to $115.00 and gave the company an equal weight rating in a research note on Thursday, February 8th. Three equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and fifteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of Hold and a consensus price target of $141.00.

Enphase Energy Stock Down 5.6 %

Shares of NASDAQ ENPH opened at $107.17 on Wednesday. The stock has a market cap of $14.57 billion, a PE ratio of 55.82, a PEG ratio of 3.24 and a beta of 1.47. The business has a fifty day moving average of $119.28 and a two-hundred day moving average of $111.97. Enphase Energy has a 52-week low of $73.49 and a 52-week high of $228.36. The company has a debt-to-equity ratio of 1.32, a quick ratio of 4.19 and a current ratio of 4.59.

Enphase Energy (NASDAQ:ENPH) last issued its quarterly earnings data on Tuesday, February 6th. The semiconductor company reported $0.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.24 by $0.05. The company had revenue of $302.57 million during the quarter, compared to analysts’ expectations of $327.06 million. Enphase Energy had a return on equity of 31.34% and a net margin of 15.10%. As a group, equities research analysts expect that Enphase Energy will post 2.01 earnings per share for the current fiscal year.

Insider Buying and Selling at Enphase Energy

In other Enphase Energy news, EVP David A. Ranhoff sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $116.29, for a total value of $581,450.00. Following the sale, the executive vice president now owns 119,948 shares in the company, valued at approximately $13,948,752.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CEO Badrinarayanan Kothandaraman purchased 4,000 shares of the stock in a transaction on Tuesday, February 27th. The shares were purchased at an average price of $120.54 per share, with a total value of $482,160.00. Following the transaction, the chief executive officer now directly owns 1,655,171 shares of the company’s stock, valued at $199,514,312.34. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP David A. Ranhoff sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $116.29, for a total value of $581,450.00. Following the transaction, the executive vice president now directly owns 119,948 shares in the company, valued at approximately $13,948,752.92. The disclosure for this sale can be found here. In the last quarter, insiders have sold 34,285 shares of company stock worth $4,054,428. Corporate insiders own 3.40% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Bogart Wealth LLC acquired a new position in shares of Enphase Energy during the 4th quarter worth approximately $26,000. CVA Family Office LLC acquired a new position in shares of Enphase Energy during the 4th quarter worth approximately $31,000. Parkside Financial Bank & Trust increased its holdings in shares of Enphase Energy by 131.3% during the 3rd quarter. Parkside Financial Bank & Trust now owns 310 shares of the semiconductor company’s stock worth $37,000 after acquiring an additional 176 shares during the last quarter. Addison Advisors LLC increased its holdings in shares of Enphase Energy by 1,447.6% during the 4th quarter. Addison Advisors LLC now owns 325 shares of the semiconductor company’s stock worth $43,000 after acquiring an additional 304 shares during the last quarter. Finally, Blue Trust Inc. increased its holdings in shares of Enphase Energy by 194.6% during the 4th quarter. Blue Trust Inc. now owns 330 shares of the semiconductor company’s stock worth $44,000 after acquiring an additional 218 shares during the last quarter. Institutional investors and hedge funds own 72.12% of the company’s stock.

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.