Enphase Energy Director Neal Dempsey Sells 300,000 Shares (ENPH)
Enphase Energy (NASDAQ:ENPH) Director Neal Dempsey sold 300,000 shares of the stock in a transaction that occurred on Tuesday, August 19th. The shares were sold at an average price of $10.03, for a total value of $3,009,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Enphase Energy (NASDAQ:ENPH) traded up 1.82% on Tuesday, hitting $13.43. 721,086 shares of the company’s stock traded hands. Enphase Energy has a 52-week low of $4.54 and a 52-week high of $13.61. The stock has a 50-day moving average of $10.56 and a 200-day moving average of $8.64. The company’s market cap is $576.7 million.
Enphase Energy (NASDAQ:ENPH) last posted its quarterly earnings results on Tuesday, August 5th. The company reported ($0.01) EPS for the quarter, beating the Thomson Reuters consensus estimate of ($0.02) by $0.01. The company had revenue of $82.00 million for the quarter, compared to the consensus estimate of $71.11 million. During the same quarter in the prior year, the company posted ($0.12) earnings per share. The company’s quarterly revenue was up 40.9% on a year-over-year basis. On average, analysts predict that Enphase Energy will post $0.04 earnings per share for the current fiscal year.
ENPH has been the subject of a number of recent research reports. Analysts at Imperial Capital raised their price target on shares of Enphase Energy from $12.00 to $13.00 in a research note on Wednesday, August 6th. They now have an “outperform” rating on the stock. Separately, analysts at Deutsche Bank reiterated a “hold” rating on shares of Enphase Energy in a research note on Wednesday, August 6th. They now have a $12.00 price target on the stock, up previously from $11.00. Finally, analysts at Roth Capital raised their price target on shares of Enphase Energy from $10.00 to $15.00 in a research note on Wednesday, August 6th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $13.00.
Enphase Energy, Inc (NASDAQ:ENPH), designs, develops and sells microinverter systems for the solar photovoltaic industry.
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