Susquehanna Has Lowered Expectations for Enphase Energy (NASDAQ:ENPH) Stock Price

Enphase Energy (NASDAQ:ENPH) had its price objective trimmed by Susquehanna from $76.00 to $59.00 in a research report released on Monday,Benzinga reports. The firm currently has a neutral rating on the semiconductor company’s stock.

Other equities research analysts also recently issued research reports about the company. Redburn Atlantic began coverage on Enphase Energy in a report on Monday, March 3rd. They set a “neutral” rating on the stock. Canaccord Genuity Group raised Enphase Energy from a “hold” rating to a “buy” rating and lifted their price target for the company from $76.00 to $82.00 in a research note on Wednesday, February 5th. OTR Global raised Enphase Energy from a “negative” rating to a “mixed” rating in a research note on Friday, December 20th. Wells Fargo & Company dropped their price objective on shares of Enphase Energy from $77.00 to $75.00 and set an “overweight” rating for the company in a report on Thursday, March 27th. Finally, Oppenheimer boosted their target price on shares of Enphase Energy from $101.00 to $103.00 and gave the stock an “outperform” rating in a report on Wednesday, February 5th. 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. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $88.49.

Enphase Energy Stock Up 5.1 %

Shares of NASDAQ ENPH opened at $54.55 on Monday. The company has a market cap of $7.23 billion, a price-to-earnings ratio of 73.72 and a beta of 1.94. The company has a current ratio of 3.53, a quick ratio of 3.28 and a debt-to-equity ratio of 1.44. Enphase Energy has a 12 month low of $47.48 and a 12 month high of $141.63. The stock has a 50-day moving average price of $60.24 and a two-hundred day moving average price of $70.35.

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

Insider Buying and Selling

In other Enphase Energy news, CFO Mandy Yang sold 1,319 shares of the firm’s stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $63.32, for a total value of $83,519.08. Following the completion of the sale, the chief financial officer now owns 78,524 shares of the company’s stock, valued at approximately $4,972,139.68. This trade represents a 1.65 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Thurman J. Rodgers sold 100,000 shares of the company’s stock in a transaction that occurred on Friday, March 7th. The stock was sold at an average price of $61.26, for a total value of $6,126,000.00. Following the transaction, the director now directly owns 1,881,760 shares in the company, valued at $115,276,617.60. The trade was a 5.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.40% of the stock is owned by insiders.

Institutional Trading of Enphase Energy

Several hedge funds have recently bought and sold shares of the business. Leibman Financial Services Inc. lifted its stake in shares of Enphase Energy by 1.0% in the first quarter. Leibman Financial Services Inc. now owns 29,474 shares of the semiconductor company’s stock valued at $1,829,000 after buying an additional 305 shares in the last quarter. Inspire Investing LLC raised its holdings in shares of Enphase Energy by 2.0% in the 4th quarter. Inspire Investing LLC now owns 15,988 shares of the semiconductor company’s stock worth $1,098,000 after acquiring an additional 318 shares during the last quarter. McGowan Group Asset Management Inc. lifted its position in Enphase Energy by 2.0% in the 4th quarter. McGowan Group Asset Management Inc. now owns 16,670 shares of the semiconductor company’s stock valued at $1,145,000 after acquiring an additional 319 shares in the last quarter. GeoWealth Management LLC boosted its stake in Enphase Energy by 56.3% during the 4th quarter. GeoWealth Management LLC now owns 891 shares of the semiconductor company’s stock valued at $61,000 after purchasing an additional 321 shares during the last quarter. Finally, Norinchukin Bank The boosted its stake in Enphase Energy by 6.0% during the 4th quarter. Norinchukin Bank The now owns 5,754 shares of the semiconductor company’s stock valued at $395,000 after purchasing an additional 328 shares during the last quarter. Institutional investors and hedge funds own 72.12% of the company’s stock.

About Enphase Energy

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.