Enphase Energy SVP Jeff Loebbaka Unloads 5,320 Shares (ENPH)
Enphase Energy (NASDAQ:ENPH) SVP Jeff Loebbaka unloaded 5,320 shares of the stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $12.60, for a total transaction of $67,032.00. Following the transaction, the senior vice president now directly owns 91,093 shares in the company, valued at approximately $1,147,772. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
A number of research firms have recently commented on ENPH. 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 analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $13.00.
Enphase Energy (NASDAQ:ENPH) traded up 1.41% during mid-day trading on Friday, hitting $13.69. 171,566 shares of the company’s stock traded hands. Enphase Energy has a 52-week low of $4.54 and a 52-week high of $13.76. The stock’s 50-day moving average is $10.81 and its 200-day moving average is $8.71. The company’s market cap is $587.9 million.
Enphase Energy (NASDAQ:ENPH) last issued its quarterly earnings data 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.
Enphase Energy, Inc (NASDAQ:ENPH), designs, develops and sells microinverter systems for the solar photovoltaic industry.
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