Barclays Lowers Enphase Energy (NASDAQ:ENPH) Price Target to $58.00

Enphase Energy (NASDAQ:ENPH - Get Free Report) had its price target reduced by Barclays from $86.00 to $58.00 in a research note issued on Wednesday,Benzinga reports. The firm currently has an "overweight" rating on the semiconductor company's stock. Barclays's price target suggests a potential upside of 11.82% from the stock's previous close.

ENPH has been the topic of a number of other reports. Canaccord Genuity Group upgraded shares of Enphase Energy from a "hold" rating to a "buy" rating and lifted their price objective for the company from $76.00 to $82.00 in a research note on Wednesday, February 5th. BMO Capital Markets decreased their price objective on shares of Enphase Energy from $69.00 to $66.00 and set a "market perform" rating for the company in a report on Wednesday, February 5th. Craig Hallum dropped their target price on Enphase Energy from $123.00 to $101.00 and set a "buy" rating on the stock in a report on Wednesday, February 5th. Morgan Stanley decreased their price target on Enphase Energy from $68.00 to $67.00 and set an "equal weight" rating for the company in a research note on Wednesday, February 5th. Finally, Oppenheimer raised 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 analysts have rated the stock with a sell rating, sixteen have given a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $87.56.

Enphase Energy Stock Down 2.3 %

Enphase Energy stock traded down $1.20 during midday trading on Wednesday, hitting $51.87. 1,066,036 shares of the stock were exchanged, compared to its average volume of 3,974,130. Enphase Energy has a 1 year low of $47.48 and a 1 year high of $141.63. 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 firm has a market cap of $6.87 billion, a P/E ratio of 70.10 and a beta of 1.94. The company has a 50 day moving average price of $59.97 and a two-hundred day moving average price of $70.23.

Enphase Energy (NASDAQ:ENPH - Get Free Report) last issued its quarterly earnings results 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%. On average, sell-side analysts predict that Enphase Energy will post 2.08 earnings per share for the current fiscal year.

Insider Activity

In other Enphase Energy news, CFO Mandy Yang sold 1,319 shares of the company's stock in a transaction 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 transaction, the chief financial officer now owns 78,524 shares of the company's stock, valued at approximately $4,972,139.68. This represents a 1.65 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Thurman J. Rodgers sold 100,000 shares of the business's stock in a transaction 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 sale, the director now owns 1,881,760 shares of the company's stock, valued at approximately $115,276,617.60. The trade was a 5.05 % decrease in their position. The disclosure for this sale can be found here. 3.10% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Leibman Financial Services Inc. grew its stake in shares of Enphase Energy by 1.0% during the first quarter. Leibman Financial Services Inc. now owns 29,474 shares of the semiconductor company's stock worth $1,829,000 after purchasing an additional 305 shares during the period. Inspire Investing LLC increased its stake in Enphase Energy by 2.0% in the fourth quarter. Inspire Investing LLC now owns 15,988 shares of the semiconductor company's stock valued at $1,098,000 after purchasing an additional 318 shares in the last quarter. McGowan Group Asset Management Inc. boosted its position in shares of Enphase Energy by 2.0% during the fourth quarter. McGowan Group Asset Management Inc. now owns 16,670 shares of the semiconductor company's stock worth $1,145,000 after purchasing an additional 319 shares in the last quarter. GeoWealth Management LLC raised 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 worth $61,000 after buying an additional 321 shares during the period. Finally, Norinchukin Bank The grew its stake in Enphase Energy by 6.0% in the fourth quarter. Norinchukin Bank The now owns 5,754 shares of the semiconductor company's stock valued at $395,000 after acquiring an additional 328 shares during the period. 72.12% of the stock is currently owned by institutional investors and hedge funds.

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.

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