Enphase Energy, Inc. (NASDAQ:ENPH) EVP David A. Ranhoff Sells 5,000 Shares of Stock

Enphase Energy, Inc. (NASDAQ:ENPH) EVP David A. Ranhoff sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, April 15th. The shares were 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 owns 119,948 shares in the company, valued at approximately $13,948,752.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Enphase Energy Trading Up 1.4 %

Shares of NASDAQ ENPH opened at $112.05 on Thursday. Enphase Energy, Inc. has a twelve month low of $73.49 and a twelve month high of $231.42. The company has a current ratio of 4.59, a quick ratio of 4.19 and a debt-to-equity ratio of 1.32. The stock has a fifty day simple moving average of $120.33 and a 200-day simple moving average of $112.19. The stock has a market capitalization of $15.24 billion, a PE ratio of 36.62, a PEG ratio of 3.12 and a beta of 1.47.

Enphase Energy (NASDAQ:ENPH) last issued its quarterly earnings data 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. Enphase Energy had a return on equity of 47.73% and a net margin of 19.16%. The business had revenue of $302.57 million during the quarter, compared to analysts’ expectations of $327.06 million. On average, equities analysts forecast that Enphase Energy, Inc. will post 2.09 earnings per share for the current year.

Institutional Investors Weigh In On Enphase Energy

Institutional investors have recently modified their holdings of the company. Bogart Wealth LLC acquired a new position in Enphase Energy during the 4th quarter worth $26,000. LM Advisors LLC acquired a new position in Enphase Energy during the 4th quarter worth $26,000. KB Financial Partners LLC acquired a new position in Enphase Energy during the 1st quarter worth $28,000. First Capital Advisors Group LLC. acquired a new position in Enphase Energy during the 2nd quarter worth $28,000. Finally, Resurgent Financial Advisors LLC acquired a new position in Enphase Energy during the 4th quarter worth $29,000. 72.12% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on ENPH shares. Citigroup downgraded Enphase Energy from a “buy” rating to a “neutral” rating and decreased their target price for the company from $126.00 to $121.00 in a research report on Friday, April 5th. Roth Mkm decreased their target price on Enphase Energy from $150.00 to $140.00 and set a “buy” rating on the stock in a research report on Thursday, February 1st. Truist Financial upgraded Enphase Energy from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $85.00 to $145.00 in a research report on Tuesday, January 23rd. Canaccord Genuity Group started coverage on Enphase Energy in a research report on Tuesday, January 16th. They set a “buy” rating and a $142.00 price objective on the stock. Finally, Barclays lifted their price objective on Enphase Energy from $106.00 to $115.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 8th. Two analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and sixteen have issued a buy rating to the company. According to data from MarketBeat.com, Enphase Energy presently has an average rating of “Hold” and an average price target of $149.94.

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.