SolarEdge Technologies (NASDAQ:SEDG) Price Target Raised to $12.00 at Jefferies Financial Group

SolarEdge Technologies (NASDAQ:SEDGFree Report) had its target price lifted by Jefferies Financial Group from $9.00 to $12.00 in a report released on Friday,Benzinga reports. Jefferies Financial Group currently has an underperform rating on the semiconductor company’s stock.

Several other research firms have also recently issued reports on SEDG. Northland Securities cut shares of SolarEdge Technologies from a “market perform” rating to an “under perform” rating and set a $15.00 price objective for the company. in a research report on Thursday. BMO Capital Markets downgraded shares of SolarEdge Technologies from a “market perform” rating to an “underperform” rating and raised their price target for the stock from $13.00 to $15.00 in a report on Thursday. Canaccord Genuity Group upped their price objective on SolarEdge Technologies from $18.00 to $19.00 and gave the company a “hold” rating in a report on Thursday. StockNews.com upgraded SolarEdge Technologies to a “sell” rating in a research report on Friday, November 8th. Finally, Northland Capmk downgraded SolarEdge Technologies from a “hold” rating to a “strong sell” rating in a research report on Thursday. Ten analysts have rated the stock with a sell rating, sixteen have issued a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $21.65.

Read Our Latest Analysis on SEDG

SolarEdge Technologies Stock Down 3.1 %

Shares of NASDAQ:SEDG opened at $17.62 on Friday. SolarEdge Technologies has a 52-week low of $10.24 and a 52-week high of $78.40. The stock has a market cap of $1.02 billion, a P/E ratio of -0.56 and a beta of 1.56. The business has a fifty day moving average of $14.59 and a two-hundred day moving average of $17.24. The company has a quick ratio of 1.46, a current ratio of 1.95 and a debt-to-equity ratio of 0.56.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. PharVision Advisers LLC acquired a new stake in SolarEdge Technologies in the 4th quarter valued at about $256,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of SolarEdge Technologies by 6.9% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 241,346 shares of the semiconductor company’s stock worth $3,282,000 after buying an additional 15,549 shares during the period. Voloridge Investment Management LLC raised its holdings in SolarEdge Technologies by 1.4% in the fourth quarter. Voloridge Investment Management LLC now owns 866,206 shares of the semiconductor company’s stock valued at $11,780,000 after acquiring an additional 11,926 shares in the last quarter. Sphera Management Technology Funds Ltd purchased a new position in SolarEdge Technologies in the fourth quarter worth approximately $816,000. Finally, Two Sigma Advisers LP grew its holdings in SolarEdge Technologies by 1.6% during the 4th quarter. Two Sigma Advisers LP now owns 1,160,400 shares of the semiconductor company’s stock worth $15,781,000 after acquiring an additional 18,300 shares in the last quarter. 95.10% of the stock is currently owned by hedge funds and other institutional investors.

About SolarEdge Technologies

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SolarEdge Technologies, Inc, together with its subsidiaries, designs, develops, manufactures, and sells direct current (DC) optimized inverter systems for solar photovoltaic (PV) installations in the United States, Germany, the Netherlands, Italy, rest of Europe, and internationally. It operates in two segments, Solar and Energy Storage.

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