Jefferies Financial Group Lowers Enphase Energy (NASDAQ:ENPH) Price Target to $44.00

Enphase Energy (NASDAQ:ENPH) had its price target cut by analysts at Jefferies Financial Group from $54.00 to $44.00 in a report issued on Thursday,Benzinga reports. The brokerage currently has an “underperform” rating on the semiconductor company’s stock. Jefferies Financial Group’s price target indicates a potential downside of 23.17% from the stock’s previous close.

ENPH has been the topic of a number of other research reports. TD Cowen decreased their price target on shares of Enphase Energy from $120.00 to $100.00 and set a “buy” rating on the stock in a research note on Monday, January 27th. Citigroup lowered Enphase Energy from a “neutral” rating to a “negative” rating in a research note on Wednesday, March 26th. OTR Global upgraded Enphase Energy from a “negative” rating to a “mixed” rating in a research note on Friday, December 20th. Craig Hallum lowered their price objective on Enphase Energy from $123.00 to $101.00 and set a “buy” rating on the stock in a research report on Wednesday, February 5th. Finally, JPMorgan Chase & Co. reduced their target price on shares of Enphase Energy from $112.00 to $91.00 and set an “overweight” rating for the company in a research report on Thursday, January 23rd. Four 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 MarketBeat, Enphase Energy presently has a consensus rating of “Hold” and a consensus target price of $89.79.

Enphase Energy Stock Down 2.6 %

Shares of ENPH stock opened at $57.27 on Thursday. Enphase Energy has a 52-week low of $51.63 and a 52-week high of $141.63. The stock has a market cap of $7.59 billion, a price-to-earnings ratio of 77.39 and a beta of 2.12. The firm’s 50-day moving average is $62.00 and its 200-day moving average is $74.21. The company has a debt-to-equity ratio of 1.44, a quick ratio of 3.28 and a current ratio of 3.53.

Enphase Energy (NASDAQ:ENPH) last posted its earnings results on Tuesday, February 4th. The semiconductor company reported $0.57 earnings per share for the quarter, topping analysts’ consensus estimates of $0.43 by $0.14. Enphase Energy had a return on equity of 15.62% and a net margin of 7.72%. Sell-side analysts predict that Enphase Energy will post 2.08 EPS for the current year.

Insider Transactions at Enphase Energy

In related news, Director Thurman J. Rodgers sold 100,000 shares of the company’s stock in a transaction dated Friday, March 7th. The stock was sold at an average price of $61.26, for a total transaction of $6,126,000.00. Following the sale, the director now owns 1,881,760 shares in the company, valued at $115,276,617.60. This represents a 5.05 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Mandy Yang sold 1,319 shares of the firm’s stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $63.32, for a total value of $83,519.08. Following the sale, the chief financial officer now directly owns 78,524 shares of the company’s stock, valued at $4,972,139.68. This represents a 1.65 % decrease in their position. The disclosure for this sale can be found here. 3.40% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. Gould Capital LLC increased its stake in Enphase Energy by 2.1% in the third quarter. Gould Capital LLC now owns 10,206 shares of the semiconductor company’s stock valued at $1,153,000 after purchasing an additional 212 shares in the last quarter. Resources Management Corp CT ADV grew its stake in shares of Enphase Energy by 6.8% in the 3rd quarter. Resources Management Corp CT ADV now owns 4,542 shares of the semiconductor company’s stock valued at $513,000 after buying an additional 290 shares during the period. Inspire Investing LLC increased its position in Enphase Energy by 2.0% in the 4th quarter. Inspire Investing LLC now owns 15,988 shares of the semiconductor company’s stock valued at $1,098,000 after buying an additional 318 shares in the last quarter. McGowan Group Asset Management Inc. raised its stake in Enphase Energy by 2.0% during the 4th quarter. McGowan Group Asset Management Inc. now owns 16,670 shares of the semiconductor company’s stock worth $1,145,000 after buying an additional 319 shares during the period. Finally, GeoWealth Management LLC boosted its holdings in Enphase Energy by 56.3% in the fourth quarter. GeoWealth Management LLC now owns 891 shares of the semiconductor company’s stock worth $61,000 after acquiring an additional 321 shares in the last quarter. Institutional investors and hedge funds own 72.12% of the company’s stock.

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.