Insider Selling: Enphase Energy Director Sells 300,000 Shares of Stock (ENPH)
Enphase Energy (NASDAQ:ENPH) Director Neal Dempsey sold 300,000 shares of Enphase Energy stock in a transaction dated Tuesday, August 19th. The stock was 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 is available at this link.
Shares of Enphase Energy (NASDAQ:ENPH) traded down 0.97% during mid-day trading on Thursday, hitting $13.34. 57,796 shares of the company’s stock traded hands. Enphase Energy has a 1-year low of $4.54 and a 1-year high of $13.76. The stock’s 50-day moving average is $10. and its 200-day moving average is $8.67. The company’s market cap is $572.8 million.
Enphase Energy (NASDAQ:ENPH) last posted its quarterly earnings results on Tuesday, August 5th. The company reported ($0.01) earnings per share for the quarter, beating the analysts’ 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 last year, the company posted ($0.12) earnings per share. Enphase Energy’s revenue was up 40.9% compared to the same quarter last year. Analysts expect that Enphase Energy will post $0.04 EPS for the current fiscal year.
Several analysts have recently commented on the stock. 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 given a buy rating to the stock. The company currently has an average rating of “Buy” and an average 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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