Enphase Energy SVP Jeff Loebbaka Unloads 13,300 Shares (ENPH)
Enphase Energy (NASDAQ:ENPH) SVP Jeff Loebbaka unloaded 13,300 shares of the stock in a transaction that occurred on Thursday, September 4th. The shares were sold at an average price of $14.55, for a total value of $193,515.00. Following the transaction, the senior vice president now directly owns 88,125 shares of the company’s stock, valued at approximately $1,282,219. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Enphase Energy (NASDAQ:ENPH) traded up 4.73% during mid-day trading on Thursday, hitting $15.28. The stock had a trading volume of 1,043,810 shares. Enphase Energy has a 52-week low of $4.54 and a 52-week high of $15.63. The stock’s 50-day moving average is $12.09 and its 200-day moving average is $9.20. The company’s market cap is $656.2 million.
Enphase Energy (NASDAQ:ENPH) last announced its 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.
Several analysts have recently commented on the stock. Analysts at Northland Securities raised their price target on shares of Enphase Energy from $13.00 to $17.00 in a research note on Tuesday, August 26th. They now have an “outperform” rating on the stock. Separately, analysts at Needham & Company LLC initiated coverage on shares of Enphase Energy in a research note on Monday, August 25th. They set a “buy” rating and a $20.00 price target on the stock. Finally, 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. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Enphase Energy currently has an average rating of “Buy” and a consensus target price of $14.83.
Enphase Energy, Inc (NASDAQ:ENPH), designs, develops and sells microinverter systems for the solar photovoltaic industry.
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