Piper Sandler Lowers Enphase Energy (NASDAQ:ENPH) Price Target to $65.00

Enphase Energy (NASDAQ:ENPH) had its price objective reduced by Piper Sandler from $70.00 to $65.00 in a report issued on Wednesday,Benzinga reports. The firm currently has a “neutral” rating on the semiconductor company’s stock. Piper Sandler’s price target indicates a potential downside of 2.27% from the stock’s current price.

Several other analysts also recently weighed in on ENPH. TD Cowen reduced their price objective on shares of Enphase Energy from $120.00 to $100.00 and set a “buy” rating for the company in a research report on Monday, January 27th. StockNews.com raised shares of Enphase Energy from a “sell” rating to a “hold” rating in a research report on Thursday, October 24th. HSBC lowered Enphase Energy from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $154.00 to $81.00 in a report on Friday, November 8th. Wells Fargo & Company reduced their target price on Enphase Energy from $101.00 to $83.00 and set an “overweight” rating for the company in a report on Wednesday, January 8th. Finally, Janney Montgomery Scott downgraded Enphase Energy from a “buy” rating to a “neutral” rating and set a $83.00 price target on the stock. in a research note on Wednesday, October 23rd. Three analysts have rated the stock with a sell rating, sixteen have given a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat.com, Enphase Energy currently has an average rating of “Hold” and a consensus target price of $90.42.

Enphase Energy Price Performance

ENPH stock opened at $66.51 on Wednesday. Enphase Energy has a 1 year low of $58.33 and a 1 year high of $141.63. The business’s 50-day moving average is $68.77 and its two-hundred day moving average is $88.79. 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 $8.99 billion, a P/E ratio of 151.16, a P/E/G ratio of 8.22 and a beta of 1.68.

Enphase Energy (NASDAQ:ENPH) last announced its quarterly earnings data on Tuesday, February 4th. The semiconductor company reported $0.57 EPS 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%. Analysts anticipate that Enphase Energy will post 0.92 earnings per share for the current fiscal year.

Institutional Trading of Enphase Energy

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

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.