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

Enphase Energy, Inc. (NASDAQ:ENPH) has received a consensus rating of “Hold” from the thirty-three analysts that are currently covering the firm, Marketbeat.com reports. Four investment analysts have rated the stock with a sell recommendation, fifteen have issued a hold recommendation and fourteen have given a buy recommendation to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $101.13.

A number of brokerages have recently commented on ENPH. TD Cowen dropped their price target on Enphase Energy from $130.00 to $120.00 and set a “buy” rating on the stock in a research report on Wednesday, October 23rd. HSBC lowered Enphase Energy from a “buy” rating to a “hold” rating and cut their price target for the stock from $154.00 to $81.00 in a report on Friday, November 8th. BMO Capital Markets dropped their price objective on Enphase Energy from $114.00 to $104.00 and set a “market perform” rating on the stock in a report on Monday, October 14th. Barclays reduced their target price on Enphase Energy from $129.00 to $114.00 and set an “overweight” rating for the company in a report on Wednesday, October 23rd. Finally, Janney Montgomery Scott lowered shares of Enphase Energy from a “buy” rating to a “neutral” rating and set a $83.00 price objective for the company. in a research report on Wednesday, October 23rd.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Avior Wealth Management LLC increased its stake in shares of Enphase Energy by 6,975.0% in the 3rd quarter. Avior Wealth Management LLC now owns 283 shares of the semiconductor company’s stock worth $32,000 after acquiring an additional 279 shares in the last quarter. UMB Bank n.a. increased its stake in shares of Enphase Energy by 784.8% during the third quarter. UMB Bank n.a. now owns 292 shares of the semiconductor company’s stock valued at $33,000 after purchasing an additional 259 shares in the last quarter. nVerses Capital LLC purchased a new position in shares of Enphase Energy during the third quarter valued at approximately $34,000. Stone House Investment Management LLC bought a new stake in shares of Enphase Energy in the 3rd quarter worth approximately $34,000. Finally, Quarry LP purchased a new stake in shares of Enphase Energy in the 3rd quarter worth approximately $37,000. Hedge funds and other institutional investors own 72.12% of the company’s stock.

Enphase Energy Stock Performance

Shares of ENPH stock opened at $66.29 on Monday. The company has a current ratio of 4.16, a quick ratio of 3.88 and a debt-to-equity ratio of 1.29. Enphase Energy has a 12 month low of $58.33 and a 12 month high of $141.63. The firm has a market capitalization of $8.96 billion, a PE ratio of 150.66, a price-to-earnings-growth ratio of 19.49 and a beta of 1.77. The firm has a fifty day simple moving average of $90.93 and a two-hundred day simple moving average of $106.04.

Enphase Energy (NASDAQ:ENPH) last announced its earnings results on Tuesday, October 22nd. The semiconductor company reported $0.65 EPS for the quarter, missing the consensus estimate of $0.77 by ($0.12). Enphase Energy had a net margin of 4.91% and a return on equity of 10.56%. The firm had revenue of $380.90 million during the quarter, compared to analysts’ expectations of $392.51 million. During the same quarter in the prior year, the company earned $0.84 EPS. The business’s revenue for the quarter was down 30.9% on a year-over-year basis. Analysts forecast that Enphase Energy will post 0.91 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.