Enphase Energy, Inc. (NASDAQ:ENPH) Short Interest Update

Enphase Energy, Inc. (NASDAQ:ENPH - Get Free Report) was the recipient of a significant drop in short interest during the month of March. As of March 15th, there was short interest totalling 20,030,000 shares, a drop of 16.0% from the February 28th total of 23,840,000 shares. Currently, 15.8% of the shares of the stock are short sold. Based on an average daily trading volume, of 4,030,000 shares, the short-interest ratio is presently 5.0 days.

Insider Activity

In related news, CFO Mandy Yang sold 1,319 shares of the stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $63.32, for a total value of $83,519.08. Following the sale, the chief financial officer now directly owns 78,524 shares of the company's stock, valued at $4,972,139.68. This represents a 1.65 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Thurman J. Rodgers sold 100,000 shares of Enphase Energy stock in a transaction dated Friday, March 7th. The shares were sold at an average price of $61.26, for a total transaction of $6,126,000.00. Following the sale, the director now owns 1,881,760 shares of the company's stock, valued at $115,276,617.60. The trade was a 5.05 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 3.40% of the company's stock.

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Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Quarry LP acquired a new position in Enphase Energy during the third quarter worth $37,000. Venturi Wealth Management LLC boosted its holdings in Enphase Energy by 318.1% in the 4th quarter. Venturi Wealth Management LLC now owns 669 shares of the semiconductor company's stock worth $46,000 after acquiring an additional 509 shares during the period. Pilgrim Partners Asia Pte Ltd acquired a new stake in shares of Enphase Energy during the fourth quarter valued at about $47,000. GeoWealth Management LLC boosted its stake in shares of Enphase Energy by 56.3% during the 4th quarter. GeoWealth Management LLC now owns 891 shares of the semiconductor company's stock valued at $61,000 after buying an additional 321 shares during the last quarter. Finally, Sava Infond d.o.o. acquired a new position in shares of Enphase Energy in the 4th quarter worth approximately $69,000. Institutional investors and hedge funds own 72.12% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have commented on ENPH shares. The Goldman Sachs Group lowered their price target on Enphase Energy from $121.00 to $105.00 and set a "buy" rating for the company in a research report on Wednesday, January 22nd. Canaccord Genuity Group raised shares of Enphase Energy from a "hold" rating to a "buy" rating and raised their price target for the stock from $76.00 to $82.00 in a research note on Wednesday, February 5th. Oppenheimer lifted their target price on Enphase Energy from $101.00 to $103.00 and gave the company an "outperform" rating in a research report on Wednesday, February 5th. JPMorgan Chase & Co. decreased their price target on shares of Enphase Energy from $112.00 to $91.00 and set an "overweight" rating for the company in a research report on Thursday, January 23rd. Finally, Susquehanna decreased their target price on Enphase Energy from $79.00 to $76.00 and set a "neutral" rating for the company in a research note on Wednesday, February 5th. Four analysts have rated the stock with a sell rating, sixteen have issued a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $90.36.

Enphase Energy Price Performance

Shares of Enphase Energy stock traded up $0.13 during trading hours on Wednesday, hitting $62.52. The company's stock had a trading volume of 2,068,247 shares, compared to its average volume of 3,957,465. The company has a debt-to-equity ratio of 1.44, a quick ratio of 3.28 and a current ratio of 3.53. The business has a 50 day moving average price of $62.23 and a two-hundred day moving average price of $74.70. Enphase Energy has a 12-month low of $51.63 and a 12-month high of $141.63. The company has a market cap of $8.28 billion, a PE ratio of 84.49 and a beta of 2.12.

Enphase Energy (NASDAQ:ENPH - Get Free Report) last posted its quarterly earnings data on Tuesday, February 4th. The semiconductor company reported $0.57 earnings per share 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%. Analysts expect that Enphase Energy will post 2.08 earnings per share for the current fiscal year.

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.