Enphase Energy, Inc. (NASDAQ:ENPH) Receives $90.42 Consensus Price Target from Analysts

Shares of Enphase Energy, Inc. (NASDAQ:ENPH - Get Free Report) have been given an average recommendation of "Hold" by the thirty-two analysts that are presently covering the stock, MarketBeat Ratings reports. Three investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and fourteen have given a buy rating to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $90.42.

A number of research firms have recently issued reports on ENPH. TD Cowen dropped their target price on Enphase Energy from $120.00 to $100.00 and set a "buy" rating on the stock in a report on Monday, January 27th. Citigroup lifted their price target on Enphase Energy from $71.00 to $72.00 and gave the company a "neutral" rating in a research note on Wednesday, January 8th. Truist Financial restated a "hold" rating and issued a $65.00 price target (down from $100.00) on shares of Enphase Energy in a research note on Thursday, January 16th. Guggenheim upgraded Enphase Energy from a "sell" rating to a "neutral" rating and set a $62.00 price target on the stock in a research note on Friday, January 31st. Finally, Hsbc Global Res downgraded Enphase Energy from a "strong-buy" rating to a "hold" rating in a research note on Friday, November 8th.

Enphase Energy Stock Up 2.2 %

ENPH stock traded up $1.35 during trading on Friday, hitting $63.94. 2,400,613 shares of the company's stock were exchanged, compared to its average volume of 3,852,039. The business has a 50-day moving average price of $67.61 and a two-hundred day moving average price of $86.71. The stock has a market capitalization of $8.64 billion, a price-to-earnings ratio of 86.41, a PEG ratio of 8.78 and a beta of 1.68. Enphase Energy has a 52-week low of $58.33 and a 52-week high of $141.63. The company has a current ratio of 3.53, a quick ratio of 3.88 and a debt-to-equity ratio of 1.44.

Enphase Energy (NASDAQ:ENPH - Get Free Report) last released its quarterly earnings results on Tuesday, February 4th. The semiconductor company reported $0.57 EPS for the quarter, missing the consensus estimate of $0.72 by ($0.15). Enphase Energy had a return on equity of 15.62% and a net margin of 7.72%. As a group, equities research analysts expect that Enphase Energy will post 2.12 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Avior Wealth Management LLC increased its stake in Enphase Energy by 6,975.0% during the third quarter. Avior Wealth Management LLC now owns 283 shares of the semiconductor company's stock valued at $32,000 after purchasing an additional 279 shares during the last quarter. UMB Bank n.a. grew its position in shares of Enphase Energy by 784.8% during the third 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 last quarter. nVerses Capital LLC bought a new position in shares of Enphase Energy during the third quarter worth about $34,000. Stone House Investment Management LLC bought a new position in shares of Enphase Energy during the third quarter worth about $34,000. Finally, Quarry LP bought a new position in shares of Enphase Energy during the third quarter worth about $37,000. 72.12% of the stock is owned by institutional investors and hedge funds.

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.