Enphase Energy (NASDAQ:ENPH) Given New $149.00 Price Target at B. Riley

Enphase Energy (NASDAQ:ENPH) had its price objective increased by B. Riley from $121.00 to $149.00 in a research note issued to investors on Monday, Benzinga reports. The firm currently has a buy rating on the semiconductor company’s stock.

Several other analysts have also commented on ENPH. Roth Mkm reaffirmed a buy rating and issued a $140.00 price target on shares of Enphase Energy in a research note on Thursday, April 18th. Piper Sandler cut their price target on shares of Enphase Energy from $120.00 to $117.00 and set a neutral rating for the company in a report on Friday, January 12th. Canaccord Genuity Group started coverage on shares of Enphase Energy in a research note on Tuesday, January 16th. They set a buy rating and a $142.00 price objective on the stock. Susquehanna reiterated a positive rating and issued a $140.00 target price on shares of Enphase Energy in a research note on Friday, April 5th. Finally, Royal Bank of Canada started coverage on Enphase Energy in a research report on Wednesday, February 14th. They set an outperform rating and a $140.00 price target on the stock. Two equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and sixteen have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of Hold and a consensus price target of $147.84.

Enphase Energy Trading Up 3.8 %

Shares of Enphase Energy stock opened at $110.51 on Monday. Enphase Energy has a 52-week low of $73.49 and a 52-week high of $228.36. The firm has a market capitalization of $15.03 billion, a PE ratio of 36.11, a price-to-earnings-growth ratio of 3.07 and a beta of 1.47. The company has a debt-to-equity ratio of 1.32, a current ratio of 4.59 and a quick ratio of 4.19. The company’s fifty day moving average price is $119.48 and its two-hundred day moving average price is $112.01.

Enphase Energy (NASDAQ:ENPH) last posted its earnings results on Tuesday, February 6th. The semiconductor company reported $0.29 earnings per share for the quarter, beating analysts’ consensus estimates of $0.24 by $0.05. The business had revenue of $302.57 million for the quarter, compared to analysts’ expectations of $327.06 million. Enphase Energy had a net margin of 19.16% and a return on equity of 47.73%. On average, analysts expect that Enphase Energy will post 2.01 EPS for the current year.

Insider Activity at Enphase Energy

In other news, CEO Badrinarayanan Kothandaraman bought 4,000 shares of the stock in a transaction on Tuesday, February 27th. The stock was purchased at an average price of $120.54 per share, with a total value of $482,160.00. Following the completion of the purchase, the chief executive officer now owns 1,655,171 shares of the company’s stock, valued at $199,514,312.34. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, Director Richard Mora sold 24,285 shares of the business’s stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $120.59, for a total value of $2,928,528.15. Following the completion of the transaction, the director now directly owns 3,126 shares in the company, valued at approximately $376,964.34. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Badrinarayanan Kothandaraman bought 4,000 shares of the company’s stock in a transaction on Tuesday, February 27th. The shares were bought at an average price of $120.54 per share, for a total transaction of $482,160.00. Following the completion of the acquisition, the chief executive officer now directly owns 1,655,171 shares in the company, valued at approximately $199,514,312.34. The disclosure for this purchase can be found here. Insiders have sold 34,285 shares of company stock worth $4,054,428 in the last ninety days. Company insiders own 3.40% of the company’s stock.

Institutional Investors Weigh In On Enphase Energy

Large investors have recently made changes to their positions in the stock. CWM LLC increased its holdings in Enphase Energy by 6.3% during the 3rd quarter. CWM LLC now owns 4,040 shares of the semiconductor company’s stock worth $485,000 after purchasing an additional 239 shares in the last quarter. AE Wealth Management LLC raised its position in Enphase Energy by 24.3% in the 3rd quarter. AE Wealth Management LLC now owns 14,940 shares of the semiconductor company’s stock valued at $1,795,000 after buying an additional 2,921 shares during the last quarter. Geneos Wealth Management Inc. lifted its stake in Enphase Energy by 68.0% in the 3rd quarter. Geneos Wealth Management Inc. now owns 252 shares of the semiconductor company’s stock valued at $30,000 after acquiring an additional 102 shares in the last quarter. Newbridge Financial Services Group Inc. boosted its position in Enphase Energy by 108.3% during the 3rd quarter. Newbridge Financial Services Group Inc. now owns 625 shares of the semiconductor company’s stock worth $75,000 after acquiring an additional 325 shares during the last quarter. Finally, Exchange Traded Concepts LLC grew its stake in shares of Enphase Energy by 155.0% during the 3rd quarter. Exchange Traded Concepts LLC now owns 1,349 shares of the semiconductor company’s stock worth $162,000 after acquiring an additional 820 shares in the last quarter. Institutional investors own 72.12% of the company’s stock.

Enphase Energy Company Profile

Enphase Energy, Inc, together with its subsidiaries, designs, develops, manufactures, and sells home energy solutions for the solar photovoltaic industry in the United States and internationally. The company offers semiconductor-based microinverter, which converts energy at the individual solar module level and combines with its proprietary networking and software technologies to provide energy monitoring and control.