Enphase Energy (NASDAQ:ENPH) EVP Mandy Yang Sells 6,000 Shares of Stock

Enphase Energy, Inc. (NASDAQ:ENPH) EVP Mandy Yang sold 6,000 shares of the company’s stock in a transaction dated Friday, December 12th. The stock was sold at an average price of $33.01, for a total transaction of $198,060.00. Following the completion of the transaction, the executive vice president owned 68,987 shares in the company, valued at approximately $2,277,260.87. The trade was a 8.00% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Enphase Energy Stock Down 2.5%

Shares of Enphase Energy stock opened at $32.18 on Friday. The company has a 50-day simple moving average of $31.99 and a two-hundred day simple moving average of $36.02. Enphase Energy, Inc. has a 52-week low of $25.77 and a 52-week high of $76.90. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.88 and a current ratio of 2.04. The stock has a market capitalization of $4.21 billion, a PE ratio of 22.19 and a beta of 1.43.

Enphase Energy (NASDAQ:ENPH) last announced its quarterly earnings results on Tuesday, October 28th. The semiconductor company reported $0.90 earnings per share for the quarter, beating the consensus estimate of $0.60 by $0.30. Enphase Energy had a net margin of 12.93% and a return on equity of 25.67%. The company had revenue of $410.43 million during the quarter, compared to the consensus estimate of $364.64 million. During the same quarter last year, the firm earned $0.65 earnings per share. The firm’s quarterly revenue was up 7.8% compared to the same quarter last year. On average, analysts anticipate that Enphase Energy, Inc. will post 2.08 EPS for the current fiscal year.

Institutional Investors Weigh In On Enphase Energy

Hedge funds and other institutional investors have recently made changes to their positions in the business. Maven Securities LTD purchased a new position in shares of Enphase Energy in the third quarter worth approximately $696,000. Danske Bank A S purchased a new stake in Enphase Energy during the third quarter valued at approximately $39,000. Stance Capital LLC bought a new position in Enphase Energy in the third quarter worth approximately $32,000. Gould Capital LLC boosted its stake in shares of Enphase Energy by 93.3% during the 3rd quarter. Gould Capital LLC now owns 36,462 shares of the semiconductor company’s stock worth $1,290,000 after acquiring an additional 17,599 shares during the last quarter. Finally, CANADA LIFE ASSURANCE Co boosted its stake in shares of Enphase Energy by 109.9% during the 3rd quarter. CANADA LIFE ASSURANCE Co now owns 156,102 shares of the semiconductor company’s stock worth $5,626,000 after acquiring an additional 81,739 shares during the last quarter. Hedge funds and other institutional investors own 72.12% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on ENPH. Loop Capital set a $31.00 price target on Enphase Energy in a research note on Thursday, October 30th. Morgan Stanley reduced their price objective on Enphase Energy from $28.00 to $26.00 and set an “underweight” rating for the company in a report on Thursday, October 30th. BMO Capital Markets restated an “underperform” rating and set a $31.00 target price on shares of Enphase Energy in a research note on Wednesday, October 29th. Oppenheimer set a $67.00 price target on shares of Enphase Energy and gave the company an “outperform” rating in a report on Wednesday, October 29th. Finally, Citigroup reduced their price target on shares of Enphase Energy from $32.00 to $31.00 and set a “sell” rating for the company in a research note on Wednesday, October 29th. Five analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and thirteen have given a Sell rating to the stock. Based on data from MarketBeat, Enphase Energy currently has an average rating of “Reduce” and an average target price of $39.75.

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.