Enphase Energy, Inc. (NASDAQ:ENPH) Receives Consensus Recommendation of “Hold” from Analysts

Enphase Energy, Inc. (NASDAQ:ENPH) has earned a consensus recommendation of “Hold” from the thirty-two brokerages that are currently covering the stock, MarketBeat Ratings reports. Three investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and sixteen have given a buy rating to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $111.26.

A number of equities research analysts recently commented on the company. Bank of America upped their price objective on Enphase Energy from $82.00 to $84.00 and gave the company an “underperform” rating in a report on Thursday, October 10th. Canaccord Genuity Group reissued a “hold” rating and set a $95.00 price objective (down previously from $140.00) on shares of Enphase Energy in a research note on Wednesday, October 23rd. Barclays lowered their target price on shares of Enphase Energy from $129.00 to $114.00 and set an “overweight” rating for the company in a research note on Wednesday, October 23rd. Truist Financial reduced their price target on shares of Enphase Energy from $130.00 to $110.00 and set a “buy” rating on the stock in a research report on Wednesday, October 16th. Finally, StockNews.com upgraded shares of Enphase Energy from a “sell” rating to a “hold” rating in a research report on Thursday, October 24th.

Enphase Energy Stock Performance

Enphase Energy stock opened at $82.47 on Thursday. Enphase Energy has a 1 year low of $73.49 and a 1 year high of $141.63. The company’s 50-day moving average is $107.06 and its two-hundred day moving average is $111.17. The company has a current ratio of 4.23, a quick ratio of 3.90 and a debt-to-equity ratio of 1.36. The company has a market cap of $11.22 billion, a PE ratio of 42.95, a PEG ratio of 8.07 and a beta of 1.72.

Enphase Energy (NASDAQ:ENPH) last announced its quarterly earnings data on Tuesday, October 22nd. The semiconductor company reported $0.65 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.77 by ($0.12). The business had revenue of $380.90 million during the quarter, compared to the consensus estimate of $392.51 million. Enphase Energy had a net margin of 4.91% and a return on equity of 10.57%. Enphase Energy’s revenue was down 30.9% compared to the same quarter last year. During the same period in the previous year, the business posted $0.84 earnings per share. Equities analysts anticipate that Enphase Energy will post 1.18 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. Manchester Capital Management LLC grew its stake in shares of Enphase Energy by 1,068.4% in the first quarter. Manchester Capital Management LLC now owns 222 shares of the semiconductor company’s stock valued at $27,000 after buying an additional 203 shares in the last quarter. Chilton Capital Management LLC raised its position in Enphase Energy by 2,733.3% during the first quarter. Chilton Capital Management LLC now owns 255 shares of the semiconductor company’s stock worth $31,000 after acquiring an additional 246 shares in the last quarter. UMB Bank n.a. lifted its stake 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 shares of Enphase Energy in the 3rd quarter valued at about $34,000. Finally, Quest Partners LLC increased its stake in shares of Enphase Energy by 11,525.0% during the 2nd quarter. Quest Partners LLC now owns 465 shares of the semiconductor company’s stock worth $46,000 after purchasing an additional 461 shares during 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.