Enphase Energy (NASDAQ:ENPH) Earns “Sell” Rating from Glj Research

Enphase Energy (NASDAQ:ENPH)‘s stock had its “sell” rating reiterated by stock analysts at Glj Research in a research report issued to clients and investors on Tuesday,Benzinga reports. They currently have a $50.69 target price on the semiconductor company’s stock. Glj Research’s price target indicates a potential downside of 22.33% from the company’s current price.

A number of other equities analysts also recently commented on ENPH. Bank of America dropped their price objective on Enphase Energy from $72.00 to $62.00 and set an “underperform” rating on the stock in a report on Thursday, November 7th. Canaccord Genuity Group cut Enphase Energy from a “buy” rating to a “hold” rating in a research report on Wednesday, October 23rd. OTR Global raised Enphase Energy from a “negative” rating to a “mixed” rating in a research report on Friday, December 20th. Guggenheim raised Enphase Energy from a “sell” rating to a “neutral” rating and set a $62.00 target price for the company in a research report on Friday, January 31st. Finally, BMO Capital Markets decreased their target price on Enphase Energy from $114.00 to $104.00 and set a “market perform” rating for the company in a research report on Monday, October 14th. Three equities research analysts have rated the stock with a sell rating, sixteen have given a hold rating and fourteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $90.79.

Enphase Energy Price Performance

Shares of ENPH opened at $65.26 on Tuesday. The company has a market capitalization of $8.82 billion, a price-to-earnings ratio of 148.32, a P/E/G ratio of 8.22 and a beta of 1.68. Enphase Energy has a fifty-two week low of $58.33 and a fifty-two week high of $141.63. The company has a debt-to-equity ratio of 1.29, a current ratio of 4.16 and a quick ratio of 3.88. The business’s 50-day moving average is $68.88 and its 200-day moving average is $88.95.

Enphase Energy (NASDAQ:ENPH) last issued its earnings results on Tuesday, February 4th. The semiconductor company reported $0.57 earnings per share for the quarter, missing analysts’ consensus estimates of $0.72 by ($0.15). Enphase Energy had a net margin of 4.91% and a return on equity of 10.56%. Equities research analysts expect that Enphase Energy will post 0.92 EPS for the current fiscal year.

Institutional Trading of Enphase Energy

A number of hedge funds and other institutional investors have recently made changes to their positions in ENPH. Avior Wealth Management LLC increased its stake in shares of Enphase Energy by 6,975.0% in the third quarter. Avior Wealth Management LLC now owns 283 shares of the semiconductor company’s stock valued at $32,000 after buying an additional 279 shares in the last quarter. UMB Bank n.a. boosted its holdings in Enphase Energy by 784.8% in the third quarter. UMB Bank n.a. now owns 292 shares of the semiconductor company’s stock valued at $33,000 after acquiring an additional 259 shares during the last quarter. nVerses Capital LLC bought a new position in Enphase Energy in the third quarter valued at about $34,000. Stone House Investment Management LLC bought a new position in Enphase Energy in the third quarter valued at about $34,000. Finally, Quarry LP bought a new position in Enphase Energy in the third quarter valued at about $37,000. 72.12% of the stock is currently owned by institutional investors and hedge funds.

About Enphase Energy

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.