Craig Hallum Issues Pessimistic Forecast for Enphase Energy (NASDAQ:ENPH) Stock Price

Enphase Energy (NASDAQ:ENPH) had its price target dropped by stock analysts at Craig Hallum from $123.00 to $101.00 in a research report issued on Wednesday,Benzinga reports. The firm presently has a “buy” rating on the semiconductor company’s stock. Craig Hallum’s price objective would indicate a potential upside of 51.86% from the company’s previous close.

Other equities research analysts also recently issued reports about the stock. Northland Securities cut their price objective on shares of Enphase Energy from $110.00 to $90.00 and set an “outperform” rating for the company in a research report on Tuesday, November 19th. The Goldman Sachs Group dropped their price target on Enphase Energy from $121.00 to $105.00 and set a “buy” rating for the company in a report on Wednesday, January 22nd. BMO Capital Markets decreased their price objective on Enphase Energy from $69.00 to $66.00 and set a “market perform” rating on the stock in a report on Wednesday. StockNews.com raised Enphase Energy from a “sell” rating to a “hold” rating in a report on Thursday, October 24th. Finally, Hsbc Global Res downgraded shares of Enphase Energy from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 8th. Three equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $90.42.

Enphase Energy Stock Up 1.9 %

ENPH opened at $66.51 on Wednesday. The company has a current ratio of 4.16, a quick ratio of 3.88 and a debt-to-equity ratio of 1.29. The stock’s fifty day simple moving average is $68.77 and its 200 day simple moving average is $88.79. Enphase Energy has a 1-year low of $58.33 and a 1-year high of $141.63. The stock has a market cap of $8.99 billion, a PE ratio of 151.16, a price-to-earnings-growth ratio of 8.22 and a beta of 1.68.

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

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Sanctuary Advisors LLC purchased a new stake in shares of Enphase Energy in the 2nd quarter valued at about $1,878,000. Czech National Bank raised its stake in Enphase Energy by 6.4% in the third quarter. Czech National Bank now owns 27,586 shares of the semiconductor company’s stock valued at $3,118,000 after purchasing an additional 1,658 shares in the last quarter. GAMMA Investing LLC grew its stake in Enphase Energy by 32.5% in the 3rd quarter. GAMMA Investing LLC now owns 2,130 shares of the semiconductor company’s stock worth $241,000 after buying an additional 522 shares in the last quarter. Miracle Mile Advisors LLC bought a new position in shares of Enphase Energy in the 3rd quarter worth $210,000. Finally, Leibman Financial Services Inc. raised its position in shares of Enphase Energy by 1.7% during the 3rd quarter. Leibman Financial Services Inc. now owns 18,395 shares of the semiconductor company’s stock valued at $2,079,000 after buying an additional 315 shares in the last quarter. Institutional investors 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.