Enphase Energy (NASDAQ:ENPH – Get Rating) had its target price lowered by The Goldman Sachs Group from $379.00 to $327.00 in a research note issued to investors on Monday morning, The Fly reports.
Several other equities analysts also recently commented on the company. Susquehanna downgraded Enphase Energy from a positive rating to a neutral rating and increased their target price for the company from $310.00 to $365.00 in a research report on Thursday, December 15th. Susquehanna Bancshares cut Enphase Energy to a neutral rating and set a $365.00 price target for the company. in a research note on Thursday, December 15th. Needham & Company LLC increased their price target on Enphase Energy from $275.00 to $335.00 and gave the company a buy rating in a research note on Wednesday, October 26th. OTR Global cut Enphase Energy to a positive rating in a research note on Tuesday, January 24th. Finally, Barclays increased their price target on Enphase Energy from $292.00 to $311.00 and gave the company an equal weight rating in a research note on Wednesday, October 26th. Seven research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of Moderate Buy and a consensus target price of $309.23.
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Enphase Energy Price Performance
Enphase Energy stock opened at $212.22 on Monday. The company has a current ratio of 3.60, a quick ratio of 3.34 and a debt-to-equity ratio of 1.96. The company has a market capitalization of $28.84 billion, a PE ratio of 102.03, a P/E/G ratio of 1.16 and a beta of 1.38. Enphase Energy has a 12 month low of $118.57 and a 12 month high of $339.92. The stock has a 50-day moving average price of $276.99 and a two-hundred day moving average price of $278.86.
Insiders Place Their Bets
In other Enphase Energy news, Director Steven J. Gomo sold 25,000 shares of the stock in a transaction that occurred on Thursday, November 10th. The stock was sold at an average price of $298.61, for a total value of $7,465,250.00. Following the transaction, the director now owns 41,456 shares in the company, valued at $12,379,176.16. The sale was disclosed in a filing with the SEC, which can be accessed through
this hyperlink. In other news, Director Joseph Ian Malchow sold 12,500 shares of the firm's stock in a transaction that occurred on Wednesday, November 16th. The stock was sold at an average price of $310.00, for a total value of $3,875,000.00. Following the transaction, the director now owns 55,090 shares in the company, valued at $17,077,900. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through
the SEC website. Also, Director Steven J. Gomo sold 25,000 shares of the firm's stock in a transaction that occurred on Thursday, November 10th. The shares were sold at an average price of $298.61, for a total value of $7,465,250.00. Following the completion of the transaction, the director now owns 41,456 shares in the company, valued at approximately $12,379,176.16. The disclosure for this sale can be found
here. Over the last quarter, insiders have sold 178,674 shares of company stock worth $56,558,342. Corporate insiders own 4.80% of the company's stock.
Institutional Inflows and Outflows
Large investors have recently modified their holdings of the stock. Thompson Siegel & Walmsley LLC bought a new stake in Enphase Energy during the third quarter worth $28,000. Align Wealth Management LLC bought a new stake in Enphase Energy during the fourth quarter worth $28,000. Hanseatic Management Services Inc. bought a new stake in Enphase Energy during the third quarter worth $34,000. Godsey & Gibb Inc. bought a new stake in Enphase Energy during the fourth quarter worth $35,000. Finally, GHP Investment Advisors Inc. bought a new stake in Enphase Energy during the second quarter worth $26,000. Institutional investors own 73.79% of the company's stock.
About Enphase Energy
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Enphase Energy, Inc engages in the design, development, manufacture and sale of micro inverter systems for the solar photovoltaic industry. Its products include IQ 7 Microinverter Series, IQ Battery, IQ Envoy, IQ Microinverter Accessories, IQ Envoy Accessories and Enlighten & Apps. The company was founded by Raghuveer R.
Further Reading
- Get a free copy of the StockNews.com research report on Enphase Energy (ENPH)
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