Other analysts have also recently issued research reports about the stock. Zacks Investment Research cut shares of Enphase Energy from a buy rating to a hold rating in a research note on Tuesday, January 23rd. BidaskClub raised shares of Enphase Energy from a hold rating to a buy rating in a research note on Thursday, March 1st. Oppenheimer reaffirmed a buy rating on shares of Enphase Energy in a research note on Monday, February 5th. Finally, ValuEngine cut shares of Enphase Energy from a sell rating to a strong sell rating in a research note on Friday, December 1st. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of Buy and an average target price of $3.25.
Enphase Energy stock opened at $4.83 on Thursday. Enphase Energy has a 1 year low of $0.65 and a 1 year high of $4.97. The company has a debt-to-equity ratio of -4.75, a quick ratio of 1.30 and a current ratio of 1.59. The firm has a market cap of $414.98, a PE ratio of -8.78 and a beta of 0.78.
In related news, CFO Humberto Garcia sold 16,375 shares of the company’s stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $2.75, for a total transaction of $45,031.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Badrinarayanan Kothandaraman acquired 40,000 shares of the company’s stock in a transaction that occurred on Thursday, March 1st. The shares were acquired at an average cost of $3.32 per share, with a total value of $132,800.00. Following the purchase, the chief executive officer now owns 80,677 shares in the company, valued at approximately $267,847.64. The disclosure for this purchase can be found here. In the last ninety days, insiders have sold 96,537 shares of company stock valued at $351,934. 17.37% of the stock is owned by corporate insiders.
Institutional investors have recently bought and sold shares of the company. Two Sigma Securities LLC purchased a new stake in shares of Enphase Energy in the 4th quarter valued at approximately $107,000. Wade G W & Inc. purchased a new stake in shares of Enphase Energy in the 4th quarter valued at approximately $108,000. Northern Trust Corp grew its stake in shares of Enphase Energy by 4.6% in the 2nd quarter. Northern Trust Corp now owns 125,328 shares of the semiconductor company’s stock valued at $108,000 after buying an additional 5,479 shares during the period. Goldman Sachs Group Inc. purchased a new stake in shares of Enphase Energy in the 4th quarter valued at approximately $128,000. Finally, Monashee Investment Management LLC purchased a new stake in shares of Enphase Energy in the 4th quarter valued at approximately $133,000. 26.72% of the stock is owned by institutional investors and hedge funds.
TRADEMARK VIOLATION NOTICE: “Roth Capital Analysts Give Enphase Energy (ENPH) a $6.00 Price Target” was originally posted by Ticker Report and is owned by of Ticker Report. If you are viewing this article on another publication, it was illegally stolen and republished in violation of United States and international copyright and trademark legislation. The correct version of this article can be read at https://www.tickerreport.com/banking-finance/3300752/roth-capital-analysts-give-enphase-energy-enph-a-6-00-price-target.html.
About Enphase Energy
Enphase Energy, Inc is a provider of energy management solutions. The Company is engaged in designing, developing, manufacturing and selling microinverter systems for the solar photovoltaic industry. Its semiconductor-based microinverter system converts direct current (DC) electricity to alternating current (AC) electricity.
Receive News & Ratings for Enphase Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Enphase Energy and related companies with MarketBeat.com's FREE daily email newsletter.