Solaredge Technologies (SEDG) Price Target Increased to $52.00 by Analysts at JPMorgan Chase & Co.

Solaredge Technologies (NASDAQ:SEDG) had its price target hoisted by analysts at JPMorgan Chase & Co. to $52.00 in a research note issued on Thursday, The Fly reports. The brokerage presently has an “overweight” rating on the semiconductor company’s stock. JPMorgan Chase & Co.’s price target would suggest a potential upside of 40.92% from the stock’s previous close.

Several other equities analysts also recently weighed in on the stock. Vertical Group upgraded shares of Solaredge Technologies from a “hold” rating to a “buy” rating in a report on Thursday. B. Riley set a $48.00 price target on shares of Solaredge Technologies and gave the stock a “buy” rating in a report on Thursday. BidaskClub downgraded shares of Solaredge Technologies from a “buy” rating to a “hold” rating in a report on Friday, February 9th. ValuEngine upgraded shares of Solaredge Technologies from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Finally, Zacks Investment Research downgraded shares of Solaredge Technologies from a “strong-buy” rating to a “hold” rating in a report on Wednesday, January 10th. One research analyst has rated the stock with a sell rating, four have given a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $35.12.

Solaredge Technologies (NASDAQ:SEDG) opened at $36.90 on Thursday. Solaredge Technologies has a fifty-two week low of $13.50 and a fifty-two week high of $39.90. The firm has a market cap of $1,548.46, a P/E ratio of 22.36, a P/E/G ratio of 0.77 and a beta of 0.03.

In other news, VP Yoav Galin sold 15,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $35.46, for a total transaction of $531,900.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Meir Adest sold 4,700 shares of the firm’s stock in a transaction that occurred on Wednesday, December 6th. The stock was sold at an average price of $35.02, for a total transaction of $164,594.00. Following the sale, the vice president now directly owns 20,633 shares in the company, valued at approximately $722,567.66. The disclosure for this sale can be found here. Insiders have sold a total of 128,380 shares of company stock worth $4,841,790 in the last ninety days. Corporate insiders own 16.40% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the company. Flinton Capital Management LLC purchased a new position in shares of Solaredge Technologies during the 4th quarter valued at approximately $231,000. Meadow Creek Investment Management LLC purchased a new position in shares of Solaredge Technologies during the 4th quarter valued at approximately $109,000. Tyers Asset Management LLC purchased a new position in shares of Solaredge Technologies during the 4th quarter valued at approximately $190,000. Raymond James & Associates lifted its position in shares of Solaredge Technologies by 25.6% during the 4th quarter. Raymond James & Associates now owns 34,516 shares of the semiconductor company’s stock valued at $1,296,000 after buying an additional 7,043 shares in the last quarter. Finally, HBK Investments L P purchased a new position in shares of Solaredge Technologies during the 4th quarter valued at approximately $662,000. 66.34% of the stock is currently owned by institutional investors and hedge funds.

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About Solaredge Technologies

SolarEdge Technologies, Inc offers an inverter solution for a solar photovoltaic (PV) system. The Company’s products include SolarEdge Power Optimizer, SolarEdge Inverter, StorEdge Solutions and SolarEdge Monitoring Software. Its product roadmap consists of categories, including power optimizers, inverters, monitoring services, energy storage and smart energy management.

The Fly

Analyst Recommendations for Solaredge Technologies (NASDAQ:SEDG)

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