Glj Research Begins Coverage on Enphase Energy (NASDAQ:ENPH)

Glj Research started coverage on shares of Enphase Energy (NASDAQ:ENPH) in a research report released on Tuesday, Benzinga reports. The brokerage issued a sell rating and a $45.82 price target on the semiconductor company’s stock.

Other analysts have also issued reports about the stock. Guggenheim lowered shares of Enphase Energy from a neutral rating to a sell rating and set a $92.00 price target for the company. in a research report on Wednesday, April 24th. Royal Bank of Canada reduced their target price on Enphase Energy from $140.00 to $130.00 and set an outperform rating on the stock in a report on Wednesday, April 24th. TD Cowen increased their price target on shares of Enphase Energy from $140.00 to $145.00 and gave the stock a buy rating in a research note on Wednesday, April 24th. Citigroup downgraded Enphase Energy from a buy rating to a neutral rating and dropped their target price for the stock from $126.00 to $121.00 in a report on Friday, April 5th. Finally, B. Riley raised their price target on shares of Enphase Energy from $121.00 to $149.00 and gave the company a buy rating in a research report on Monday, April 22nd. Four research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and seventeen have given a buy rating to the company’s stock. According to MarketBeat, Enphase Energy has an average rating of Hold and an average price target of $133.71.

Enphase Energy Stock Performance

Shares of ENPH opened at $105.23 on Tuesday. The company has a debt-to-equity ratio of 1.30, a current ratio of 4.16 and a quick ratio of 3.78. Enphase Energy has a one year low of $73.49 and a one year high of $192.22. The stock has a 50-day moving average of $117.18 and a 200-day moving average of $117.91. The company has a market cap of $14.32 billion, a PE ratio of 54.81, a P/E/G ratio of 4.02 and a beta of 1.77.

Enphase Energy (NASDAQ:ENPH) last released its earnings results on Tuesday, April 23rd. The semiconductor company reported ($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.11 by ($0.17). The business had revenue of $263.34 million during the quarter, compared to the consensus estimate of $280.06 million. Enphase Energy had a net margin of 15.10% and a return on equity of 31.89%. On average, equities research analysts predict that Enphase Energy will post 1.49 EPS for the current fiscal year.

Insider Activity

In other news, EVP David A. Ranhoff sold 5,000 shares of the business’s stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $116.29, for a total value of $581,450.00. Following the completion of 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 SEC, which is available at the SEC website. In related news, EVP David A. Ranhoff sold 5,000 shares of the company’s stock in a transaction on Monday, April 15th. The stock was sold at an average price of $116.29, for a total transaction of $581,450.00. Following the completion of the sale, the executive vice president now directly owns 119,948 shares in the company, valued at approximately $13,948,752.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Steven J. Gomo sold 20,000 shares of the business’s stock in a transaction dated Thursday, April 25th. The stock was sold at an average price of $104.69, for a total transaction of $2,093,800.00. Following the completion of the transaction, the director now owns 118,360 shares of the company’s stock, valued at $12,391,108.40. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 349,526 shares of company stock worth $43,721,225. Company insiders own 3.40% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its position in shares of Enphase Energy by 1.2% in the 4th quarter. Vanguard Group Inc. now owns 15,641,335 shares of the semiconductor company’s stock valued at $2,066,846,000 after acquiring an additional 192,854 shares during the period. Baillie Gifford & Co. raised its stake in shares of Enphase Energy by 387,343.1% in the fourth quarter. Baillie Gifford & Co. now owns 4,079,776 shares of the semiconductor company’s stock worth $539,102,000 after purchasing an additional 4,078,723 shares during the last quarter. Swedbank AB acquired a new stake in shares of Enphase Energy during the first quarter worth about $424,130,000. Northern Trust Corp boosted its position in Enphase Energy by 0.3% in the fourth quarter. Northern Trust Corp now owns 1,364,567 shares of the semiconductor company’s stock valued at $180,314,000 after buying an additional 3,940 shares during the last quarter. Finally, Norges Bank acquired a new position in Enphase Energy in the 4th quarter worth approximately $149,425,000. 72.12% of the stock is owned by institutional investors and hedge funds.

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.