Stone House Investment Management LLC Invests $34,000 in Enphase Energy, Inc. (NASDAQ:ENPH)

Stone House Investment Management LLC bought a new stake in shares of Enphase Energy, Inc. (NASDAQ:ENPH) in the 3rd quarter, Holdings Channel.com reports. The fund bought 300 shares of the semiconductor company’s stock, valued at approximately $34,000.

A number of other hedge funds have also modified their holdings of ENPH. Avior Wealth Management LLC raised its stake in Enphase Energy by 6,975.0% in the 3rd quarter. Avior Wealth Management LLC now owns 283 shares of the semiconductor company’s stock valued at $32,000 after purchasing an additional 279 shares during the last quarter. UMB Bank n.a. raised its holdings in Enphase Energy by 784.8% in the 3rd quarter. UMB Bank n.a. now owns 292 shares of the semiconductor company’s stock valued at $33,000 after acquiring an additional 259 shares during the last quarter. nVerses Capital LLC acquired a new stake in shares of Enphase Energy during the third quarter worth $34,000. Quest Partners LLC boosted its stake in Enphase Energy by 11,525.0% in the 2nd quarter. Quest Partners LLC now owns 465 shares of the semiconductor company’s stock worth $46,000 after buying an additional 461 shares during the last quarter. Finally, Blue Trust Inc. grew its holdings in Enphase Energy by 109.1% in the 3rd quarter. Blue Trust Inc. now owns 437 shares of the semiconductor company’s stock valued at $49,000 after buying an additional 228 shares during the period. 72.12% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. Guggenheim lowered shares of Enphase Energy from a “neutral” rating to a “sell” rating and set a $73.00 price target for the company. in a research report on Wednesday, October 23rd. Bank of America dropped their target price on shares of Enphase Energy from $72.00 to $62.00 and set an “underperform” rating for the company in a research report on Thursday, November 7th. JPMorgan Chase & Co. reduced their price target on shares of Enphase Energy from $130.00 to $120.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 23rd. Canaccord Genuity Group lowered shares of Enphase Energy from a “buy” rating to a “hold” rating in a research report on Wednesday, October 23rd. Finally, Roth Mkm reduced their target price on shares of Enphase Energy from $130.00 to $100.00 and set a “buy” rating on the stock in a report on Wednesday, October 23rd. Four analysts have rated the stock with a sell rating, sixteen have issued a hold rating and fourteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Enphase Energy presently has an average rating of “Hold” and an average price target of $101.13.

Enphase Energy Stock Performance

Shares of Enphase Energy stock traded up $1.21 during trading hours on Wednesday, reaching $71.71. The company’s stock had a trading volume of 670,454 shares, compared to its average volume of 4,071,513. The company has a debt-to-equity ratio of 1.29, a quick ratio of 3.88 and a current ratio of 4.16. Enphase Energy, Inc. has a one year low of $58.33 and a one year high of $141.63. The company’s 50 day simple moving average is $90.14 and its 200 day simple moving average is $105.77. The stock has a market cap of $9.69 billion, a P/E ratio of 160.23, a price-to-earnings-growth ratio of 21.26 and a beta of 1.77.

Enphase Energy (NASDAQ:ENPH) last announced its quarterly earnings results on Tuesday, October 22nd. The semiconductor company reported $0.65 earnings per share for the quarter, missing analysts’ consensus estimates of $0.77 by ($0.12). Enphase Energy had a return on equity of 10.56% and a net margin of 4.91%. The company had revenue of $380.90 million for the quarter, compared to analyst estimates of $392.51 million. During the same quarter in the previous year, the company posted $0.84 earnings per share. The firm’s revenue for the quarter was down 30.9% compared to the same quarter last year. As a group, analysts expect that Enphase Energy, Inc. will post 0.95 EPS for the current fiscal year.

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.