Enphase Energy, Inc. (NASDAQ:ENPH) Given Average Recommendation of “Hold” by Brokerages

Shares of Enphase Energy, Inc. (NASDAQ:ENPH) have been assigned an average rating of “Hold” from the thirty-two analysts that are covering the firm, MarketBeat reports. Three research analysts have rated the stock with a sell recommendation, fifteen have assigned a hold recommendation and fourteen have given a buy recommendation to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $90.42.

Several research analysts have issued reports on ENPH shares. Raymond James decreased their price target on shares of Enphase Energy from $140.00 to $130.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 23rd. BMO Capital Markets lowered their price objective on shares of Enphase Energy from $69.00 to $66.00 and set a “market perform” rating on the stock in a research report on Wednesday. Janney Montgomery Scott cut shares of Enphase Energy from a “buy” rating to a “neutral” rating and set a $83.00 price objective on the stock. in a research report on Wednesday, October 23rd. Glj Research reiterated a “sell” rating and set a $50.69 price objective on shares of Enphase Energy in a research report on Tuesday. Finally, Northland Securities lowered their price objective on shares of Enphase Energy from $110.00 to $90.00 and set an “outperform” rating on the stock in a research report on Tuesday, November 19th.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. Baillie Gifford & Co. increased its holdings in shares of Enphase Energy by 32.0% during the 4th quarter. Baillie Gifford & Co. now owns 8,371,790 shares of the semiconductor company’s stock worth $574,975,000 after purchasing an additional 2,028,691 shares during the period. Nordea Investment Management AB increased its holdings in shares of Enphase Energy by 131.6% during the 4th quarter. Nordea Investment Management AB now owns 2,214,999 shares of the semiconductor company’s stock worth $155,360,000 after purchasing an additional 1,258,778 shares during the period. Mizuho Securities USA LLC increased its holdings in shares of Enphase Energy by 4,177.9% during the 3rd quarter. Mizuho Securities USA LLC now owns 448,918 shares of the semiconductor company’s stock worth $50,737,000 after purchasing an additional 438,424 shares during the period. Aspex Management HK Ltd bought a new position in shares of Enphase Energy during the 3rd quarter worth about $48,442,000. Finally, Montrusco Bolton Investments Inc. increased its holdings in shares of Enphase Energy by 93.4% during the 3rd quarter. Montrusco Bolton Investments Inc. now owns 878,558 shares of the semiconductor company’s stock worth $99,295,000 after purchasing an additional 424,327 shares during the period. Institutional investors own 72.12% of the company’s stock.

Enphase Energy Price Performance

NASDAQ ENPH opened at $63.53 on Friday. Enphase Energy has a 12 month low of $58.33 and a 12 month 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 firm has a market capitalization of $8.58 billion, a PE ratio of 144.39, a P/E/G ratio of 8.22 and a beta of 1.68. The company’s 50 day simple moving average is $68.61 and its 200 day simple moving average is $88.50.

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

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.