Enphase Energy (NASDAQ:ENPH) Research Coverage Started at DZ Bank

Stock analysts at DZ Bank initiated coverage on shares of Enphase Energy (NASDAQ:ENPH) in a report released on Wednesday, Marketbeat reports. The brokerage set a “hold” rating and a $116.00 price target on the semiconductor company’s stock. DZ Bank’s target price indicates a potential upside of 6.26% from the stock’s previous close.

Other analysts have also recently issued research reports about the stock. Truist Financial upgraded shares of Enphase Energy from a “hold” rating to a “buy” rating and lifted their price target for the company from $85.00 to $145.00 in a report on Tuesday, January 23rd. Morgan Stanley boosted their target price on shares of Enphase Energy from $97.00 to $106.00 and gave the company an “equal weight” rating in a report on Wednesday, February 7th. Citigroup cut shares of Enphase Energy from a “buy” rating to a “neutral” rating and dropped their target price for the company from $126.00 to $121.00 in a report on Friday, April 5th. StockNews.com cut shares of Enphase Energy from a “hold” rating to a “sell” rating in a report on Wednesday, February 7th. Finally, Canaccord Genuity Group started coverage on shares of Enphase Energy in a report on Tuesday, January 16th. They set a “buy” rating and a $142.00 target price on the stock. Two analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and sixteen have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $149.94.

Enphase Energy Stock Performance

NASDAQ:ENPH opened at $109.17 on Wednesday. The stock has a market cap of $14.85 billion, a P/E ratio of 35.68, a price-to-earnings-growth ratio of 3.06 and a beta of 1.47. The firm’s fifty day simple moving average is $120.17 and its 200 day simple moving average is $112.17. Enphase Energy has a twelve month low of $73.49 and a twelve month high of $228.50. The company has a quick ratio of 4.19, a current ratio of 4.59 and a debt-to-equity ratio of 1.32.

Enphase Energy (NASDAQ:ENPH) last released its quarterly earnings results on Tuesday, February 6th. The semiconductor company reported $0.29 earnings per share for the quarter, beating the consensus estimate 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%. As a group, research analysts predict that Enphase Energy will post 2.09 EPS for the current year.

Insiders Place Their Bets

In other Enphase Energy news, EVP David A. Ranhoff sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $116.29, for a total value of $581,450.00. Following the completion of the transaction, the executive vice president now directly owns 119,948 shares in the company, valued at approximately $13,948,752.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Enphase Energy news, EVP David A. Ranhoff sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $116.29, for a total value of $581,450.00. Following the completion of the transaction, the executive vice president now directly owns 119,948 shares in the company, valued at approximately $13,948,752.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Badrinarayanan Kothandaraman purchased 4,000 shares of the company’s stock in a transaction on Tuesday, February 27th. The stock was acquired 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 directly owns 1,655,171 shares in the company, valued at $199,514,312.34. The disclosure for this purchase can be found here. Insiders sold 34,285 shares of company stock worth $4,054,428 in the last three months. 3.40% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in ENPH. Thrivent Financial for Lutherans boosted its position in shares of Enphase Energy by 0.8% during the 3rd quarter. Thrivent Financial for Lutherans now owns 5,778 shares of the semiconductor company’s stock valued at $1,603,000 after acquiring an additional 48 shares during the last quarter. Meiji Yasuda Asset Management Co Ltd. boosted its position in shares of Enphase Energy by 1.7% during the 1st quarter. Meiji Yasuda Asset Management Co Ltd. now owns 4,222 shares of the semiconductor company’s stock valued at $852,000 after acquiring an additional 72 shares during the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA boosted its position in shares of Enphase Energy by 7.8% during the 4th quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 1,100 shares of the semiconductor company’s stock valued at $251,000 after acquiring an additional 80 shares during the last quarter. KB Financial Partners LLC boosted its position in shares of Enphase Energy by 39.8% during the 2nd quarter. KB Financial Partners LLC now owns 309 shares of the semiconductor company’s stock valued at $52,000 after acquiring an additional 88 shares during the last quarter. Finally, Donoghue Forlines LLC boosted its position in shares of Enphase Energy by 4.8% during the 4th quarter. Donoghue Forlines LLC now owns 1,953 shares of the semiconductor company’s stock valued at $258,000 after acquiring an additional 90 shares during the last quarter. 72.12% of the stock is currently owned by institutional investors.

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.