Enphase Energy (NASDAQ:ENPH) Given New $59.00 Price Target at Susquehanna

Enphase Energy (NASDAQ:ENPH) had its target price lowered by Susquehanna from $76.00 to $59.00 in a report issued on Monday morning,Benzinga reports. Susquehanna currently has a neutral rating on the semiconductor company’s stock.

ENPH has been the subject of several other research reports. JPMorgan Chase & Co. cut their price target on Enphase Energy from $112.00 to $91.00 and set an “overweight” rating for the company in a report on Thursday, January 23rd. Craig Hallum cut their target price on shares of Enphase Energy from $123.00 to $101.00 and set a “buy” rating for the company in a research note on Wednesday, February 5th. The Goldman Sachs Group decreased their price target on shares of Enphase Energy from $121.00 to $105.00 and set a “buy” rating on the stock in a research note on Wednesday, January 22nd. Redburn Atlantic initiated coverage on Enphase Energy in a report on Monday, March 3rd. They set a “neutral” rating for the company. Finally, Barclays lowered their target price on Enphase Energy from $91.00 to $86.00 and set an “overweight” rating on the stock in a research note on Thursday, February 6th. Four research 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. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $87.56.

Enphase Energy Stock Down 2.5 %

Enphase Energy stock opened at $51.75 on Monday. The company has a debt-to-equity ratio of 1.44, a current ratio of 3.53 and a quick ratio of 3.28. The company’s 50-day moving average is $59.74 and its 200-day moving average is $70.10. The firm has a market capitalization of $6.86 billion, a PE ratio of 69.93 and a beta of 1.94. Enphase Energy has a fifty-two week low of $47.48 and a fifty-two week high of $141.63.

Enphase Energy (NASDAQ:ENPH) last announced its quarterly earnings results on Tuesday, February 4th. The semiconductor company reported $0.57 earnings per share for the quarter, topping analysts’ consensus estimates of $0.43 by $0.14. Enphase Energy had a return on equity of 15.62% and a net margin of 7.72%. Sell-side analysts anticipate that Enphase Energy will post 2.08 earnings per share for the current year.

Insider Activity

In related news, Director Thurman J. Rodgers sold 100,000 shares of the firm’s stock in a transaction that occurred on Friday, March 7th. The shares were sold at an average price of $61.26, for a total value of $6,126,000.00. Following the completion of the transaction, the director now owns 1,881,760 shares in the company, valued at $115,276,617.60. This trade represents a 5.05 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Mandy Yang sold 1,319 shares of Enphase Energy stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $63.32, for a total transaction of $83,519.08. Following the sale, the chief financial officer now owns 78,524 shares in the company, valued at approximately $4,972,139.68. This represents a 1.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.10% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. CX Institutional acquired a new stake in Enphase Energy during the 1st quarter valued at approximately $29,000. Venturi Wealth Management LLC lifted its stake in shares of Enphase Energy by 318.1% in the 4th quarter. Venturi Wealth Management LLC now owns 669 shares of the semiconductor company’s stock valued at $46,000 after purchasing an additional 509 shares during the period. Pilgrim Partners Asia Pte Ltd bought a new stake in shares of Enphase Energy during the 4th quarter valued at about $47,000. GeoWealth Management LLC grew its stake in Enphase Energy by 56.3% during the fourth quarter. GeoWealth Management LLC now owns 891 shares of the semiconductor company’s stock worth $61,000 after purchasing an additional 321 shares during the period. Finally, Sava Infond d.o.o. bought a new stake in Enphase Energy in the fourth quarter worth approximately $69,000. 72.12% of the stock is 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.