Enphase Energy (NASDAQ:ENPH - Free Report) had its target price trimmed by Barclays from $114.00 to $91.00 in a report published on Tuesday morning,Benzinga reports. The brokerage currently has an overweight rating on the semiconductor company's stock.
ENPH has been the topic of several other reports. Janney Montgomery Scott cut shares of Enphase Energy from a "buy" rating to a "neutral" rating and set a $83.00 target price on the stock. in a report on Wednesday, October 23rd. Royal Bank of Canada dropped their price target on Enphase Energy from $85.00 to $71.00 and set a "sector perform" rating for the company in a research note on Friday, November 22nd. Canaccord Genuity Group reissued a "hold" rating and set a $76.00 target price on shares of Enphase Energy in a report on Tuesday, November 19th. Bank of America lowered their price objective on Enphase Energy from $72.00 to $62.00 and set an "underperform" rating for the company in a research report on Thursday, November 7th. Finally, HSBC cut shares of Enphase Energy from a "buy" rating to a "hold" rating and cut their price target for the company from $154.00 to $81.00 in a research report on Friday, November 8th. Four investment analysts have rated the stock with a sell rating, fifteen have given a hold rating and fourteen have given a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $97.09.
Read Our Latest Research Report on ENPH
Enphase Energy Stock Performance
Shares of Enphase Energy stock traded down $1.42 during trading on Tuesday, hitting $65.45. 3,296,864 shares of the stock were exchanged, compared to its average volume of 3,069,420. Enphase Energy has a 1-year low of $58.33 and a 1-year high of $141.63. The stock has a market capitalization of $8.84 billion, a price-to-earnings ratio of 148.75, a price-to-earnings-growth ratio of 21.92 and a beta of 1.68. The company has a fifty day moving average price of $70.12 and a 200-day moving average price of $93.84. The company has a current ratio of 4.16, a quick ratio of 3.88 and a debt-to-equity ratio of 1.29.
Enphase Energy (NASDAQ:ENPH - Get Free Report) last released its quarterly earnings data on Tuesday, October 22nd. The semiconductor company reported $0.65 EPS for the quarter, missing the consensus estimate of $0.77 by ($0.12). Enphase Energy had a net margin of 4.91% and a return on equity of 10.56%. The company had revenue of $380.90 million during the quarter, compared to analyst estimates of $392.51 million. During the same quarter in the prior year, the firm earned $0.84 earnings per share. Enphase Energy's revenue for the quarter was down 30.9% on a year-over-year basis. As a group, equities analysts predict that Enphase Energy will post 0.94 EPS for the current fiscal year.
Institutional Inflows and Outflows
A number of hedge funds have recently bought and sold shares of ENPH. Avior Wealth Management LLC lifted its holdings in Enphase Energy by 6,975.0% during the 3rd quarter. Avior Wealth Management LLC now owns 283 shares of the semiconductor company's stock worth $32,000 after purchasing an additional 279 shares in the last quarter. UMB Bank n.a. increased its holdings in Enphase Energy by 784.8% during the 3rd quarter. UMB Bank n.a. now owns 292 shares of the semiconductor company's stock worth $33,000 after acquiring an additional 259 shares during the period. nVerses Capital LLC purchased a new stake in shares of Enphase Energy in the third quarter worth $34,000. Stone House Investment Management LLC purchased a new stake in shares of Enphase Energy in the 3rd quarter valued at about $34,000. Finally, Quarry LP purchased a new position in Enphase Energy in the 3rd quarter worth approximately $37,000. 72.12% of the stock is currently owned by hedge funds and other institutional investors.
About Enphase Energy
(
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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.
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