Solaredge Technologies Inc (SEDG) Receives Average Rating of “Buy” from Analysts

Solaredge Technologies Inc (NASDAQ:SEDG) has been assigned an average recommendation of “Buy” from the twenty-one brokerages that are presently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, two have given a hold recommendation, fourteen have issued a buy recommendation and three have given a strong buy recommendation to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $47.19.

SEDG has been the topic of several research reports. Vertical Group upgraded shares of Solaredge Technologies from a “hold” rating to a “buy” rating in a research report on Thursday, February 15th. Vertical Research upgraded shares of Solaredge Technologies from a “hold” rating to a “buy” rating in a research report on Thursday, February 15th. Zacks Investment Research downgraded shares of Solaredge Technologies from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 10th. BidaskClub downgraded shares of Solaredge Technologies from a “buy” rating to a “hold” rating in a research report on Friday, February 9th. Finally, JPMorgan Chase & Co. upped their price target on shares of Solaredge Technologies from $52.00 to $62.00 and gave the stock an “overweight” rating in a research report on Monday, March 19th.

How to Become a New Pot Stock Millionaire

SEDG stock traded down $0.70 on Friday, hitting $54.00. 641,922 shares of the stock traded hands, compared to its average volume of 657,668. Solaredge Technologies has a fifty-two week low of $13.50 and a fifty-two week high of $57.60. The company has a market cap of $2,400.85, a price-to-earnings ratio of 29.19, a price-to-earnings-growth ratio of 0.92 and a beta of -0.56.

Solaredge Technologies (NASDAQ:SEDG) last issued its quarterly earnings results on Wednesday, February 14th. The semiconductor company reported $0.80 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.51 by $0.29. The business had revenue of $189.34 million for the quarter, compared to the consensus estimate of $179.78 million. Solaredge Technologies had a net margin of 13.87% and a return on equity of 29.21%. analysts predict that Solaredge Technologies will post 2.48 EPS for the current fiscal year.

In other Solaredge Technologies news, Director Doron Inbar sold 20,000 shares of the company’s stock in a transaction dated Monday, March 12th. The shares were sold at an average price of $53.26, for a total transaction of $1,065,200.00. Following the transaction, the director now directly owns 173,333 shares in the company, valued at approximately $9,231,715.58. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Meir Adest sold 28,000 shares of the company’s stock in a transaction dated Wednesday, March 21st. The shares were sold at an average price of $56.44, for a total transaction of $1,580,320.00. Following the transaction, the vice president now owns 13,750 shares in the company, valued at $776,050. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 413,566 shares of company stock worth $18,016,103. Corporate insiders own 16.40% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in the business. Handelsbanken Fonder AB lifted its position in Solaredge Technologies by 15.8% during the 4th quarter. Handelsbanken Fonder AB now owns 241,757 shares of the semiconductor company’s stock valued at $9,078,000 after purchasing an additional 33,060 shares during the period. Meitav Dash Investments Ltd. bought a new stake in shares of Solaredge Technologies in the 4th quarter valued at about $15,512,000. Flinton Capital Management LLC bought a new stake in shares of Solaredge Technologies in the 4th quarter valued at about $231,000. Meadow Creek Investment Management LLC bought a new stake in shares of Solaredge Technologies in the 4th quarter valued at about $109,000. Finally, Elkfork Partners LLC bought a new stake in shares of Solaredge Technologies in the 4th quarter valued at about $190,000. Institutional investors own 65.65% of the company’s stock.

TRADEMARK VIOLATION NOTICE: This news story was originally published by Ticker Report and is the sole property of of Ticker Report. If you are reading this news story on another site, it was illegally stolen and reposted in violation of U.S. and international trademark & copyright legislation. The legal version of this news story can be accessed at https://www.tickerreport.com/banking-finance/3297367/solaredge-technologies-inc-sedg-receives-average-rating-of-buy-from-analysts.html.

Solaredge Technologies Company Profile

SolarEdge Technologies, Inc offers an inverter solution for a solar photovoltaic (PV) system. The Company’s products include SolarEdge Power Optimizer, SolarEdge Inverter, StorEdge Solutions and SolarEdge Monitoring Software. Its product roadmap consists of categories, including power optimizers, inverters, monitoring services, energy storage and smart energy management.

Analyst Recommendations for Solaredge Technologies (NASDAQ:SEDG)

Receive News & Ratings for Solaredge Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Solaredge Technologies and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Novartis  Shares Gap Down to $81.70
Novartis Shares Gap Down to $81.70
Northern Oil and Gas  Bonds Rise 5.5% During Trading
Northern Oil and Gas Bonds Rise 5.5% During Trading
Post  Bonds Trading 1.8% Lower
Post Bonds Trading 1.8% Lower
Analyzing Dicks Sporting Goods  and Barnes & Noble Education
Analyzing Dicks Sporting Goods and Barnes & Noble Education
FuckToken Price Reaches $0.0166 on Major Exchanges
FuckToken Price Reaches $0.0166 on Major Exchanges
Quantum  versus Western Digital  Financial Survey
Quantum versus Western Digital Financial Survey


© 2006-2018 Ticker Report. Google+.