Enphase Energy, Inc. (NASDAQ:ENPH) Given Consensus Recommendation of "Hold" by Analysts

Shares of Enphase Energy, Inc. (NASDAQ:ENPH - Get Free Report) have earned a consensus rating of "Hold" from the thirty-two analysts that are covering the stock, MarketBeat Ratings reports. Four analysts have rated the stock with a sell recommendation, fifteen have given a hold recommendation and thirteen have given a buy recommendation to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $95.59.

Several equities research analysts have recently commented on the company. JPMorgan Chase & Co. decreased their price objective on Enphase Energy from $130.00 to $120.00 and set an "overweight" rating for the company in a report on Wednesday, October 23rd. Craig Hallum lowered their price objective on shares of Enphase Energy from $153.00 to $123.00 and set a "buy" rating on the stock in a report on Wednesday, October 23rd. Wells Fargo & Company reduced their price objective on shares of Enphase Energy from $101.00 to $83.00 and set an "overweight" rating for the company in a report on Wednesday, January 8th. OTR Global upgraded shares of Enphase Energy from a "negative" rating to a "mixed" rating in a report on Friday, December 20th. Finally, Raymond James cut their price target on Enphase Energy from $140.00 to $130.00 and set an "outperform" rating for the company in a research note on Wednesday, October 23rd.

Enphase Energy Trading Up 0.3 %

NASDAQ ENPH traded up $0.22 during mid-day trading on Tuesday, reaching $63.69. 3,116,627 shares of the stock were exchanged, compared to its average volume of 3,142,698. The stock has a market cap of $8.61 billion, a P/E ratio of 144.75, a P/E/G ratio of 7.87 and a beta of 1.68. The company has a debt-to-equity ratio of 1.29, a current ratio of 4.16 and a quick ratio of 3.88. Enphase Energy has a one year low of $58.33 and a one year high of $141.63. The stock has a 50 day simple moving average of $69.29 and a 200-day simple moving average of $93.19.

Enphase Energy (NASDAQ:ENPH - Get Free Report) last posted its quarterly earnings results on Tuesday, October 22nd. The semiconductor company reported $0.65 EPS for the quarter, missing analysts' consensus estimates of $0.77 by ($0.12). Enphase Energy had a return on equity of 10.56% and a net margin of 4.91%. 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 previous year, the business posted $0.84 earnings per share. The company's revenue for the quarter was down 30.9% compared to the same quarter last year. On average, analysts anticipate that Enphase Energy will post 0.92 EPS for the current year.

Institutional Investors Weigh In On Enphase Energy

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ENPH. Avior Wealth Management LLC increased its stake in shares of Enphase Energy by 6,975.0% in the third 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. grew its stake in Enphase Energy by 784.8% in the 3rd quarter. UMB Bank n.a. now owns 292 shares of the semiconductor company's stock valued at $33,000 after buying an additional 259 shares in the last quarter. nVerses Capital LLC bought a new stake in Enphase Energy during the 3rd quarter valued at $34,000. Stone House Investment Management LLC purchased a new stake in shares of Enphase Energy during the third quarter worth $34,000. Finally, Quarry LP purchased a new stake in shares of Enphase Energy during the third quarter worth $37,000. 72.12% of the stock is currently owned by institutional investors.

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.