Enphase Energy (NASDAQ:ENPH - Get Free Report) had its price target decreased by equities research analysts at Morgan Stanley from $93.00 to $74.00 in a report released on Friday,Benzinga reports. The brokerage presently has an "equal weight" rating on the semiconductor company's stock. Morgan Stanley's target price would indicate a potential upside of 24.33% from the stock's previous close.
Other research analysts have also issued research reports about the stock. Janney Montgomery Scott lowered shares of Enphase Energy from a "buy" rating to a "neutral" rating and set a $83.00 price target on the stock. in a research note on Wednesday, October 23rd. Bank of America decreased their price objective on shares of Enphase Energy from $72.00 to $62.00 and set an "underperform" rating on the stock in a report on Thursday, November 7th. JPMorgan Chase & Co. decreased their price target on shares of Enphase Energy from $130.00 to $120.00 and set an "overweight" rating on the stock in a research note on Wednesday, October 23rd. TD Cowen decreased their price target on shares of Enphase Energy from $130.00 to $120.00 and set a "buy" rating on the stock in a research note on Wednesday, October 23rd. Finally, Guggenheim downgraded shares of Enphase Energy from a "neutral" rating to a "sell" rating and set a $73.00 price objective on the stock. in a research note on Wednesday, October 23rd. Four investment analysts have rated the stock with a sell rating, sixteen have issued a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $102.76.
Read Our Latest Stock Analysis on Enphase Energy
Enphase Energy Trading Down 6.4 %
Shares of NASDAQ ENPH traded down $4.04 during mid-day trading on Friday, hitting $59.52. The company's stock had a trading volume of 6,865,593 shares, compared to its average volume of 4,042,153. The stock has a market cap of $8.04 billion, a price-to-earnings ratio of 144.45, a price-to-earnings-growth ratio of 6.80 and a beta of 1.77. 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 $59.12 and a one year high of $141.63. The company's fifty day simple moving average is $96.25 and its 200-day simple moving average is $108.14.
Enphase Energy (NASDAQ:ENPH - Get Free Report) last released its quarterly earnings data on Tuesday, October 22nd. The semiconductor company reported $0.65 earnings per share for the quarter, missing the consensus estimate of $0.77 by ($0.12). Enphase Energy had a return on equity of 10.56% and a net margin of 4.91%. The firm had revenue of $380.90 million for the quarter, compared to the consensus estimate of $392.51 million. During the same period in the previous year, the business earned $0.84 EPS. The firm's revenue was down 30.9% compared to the same quarter last year. On average, sell-side analysts anticipate that Enphase Energy will post 0.92 earnings per share for the current fiscal year.
Institutional Trading of Enphase Energy
Hedge funds have recently bought and sold shares of the business. Avior Wealth Management LLC lifted its stake 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 valued at $32,000 after acquiring an additional 279 shares in the last quarter. UMB Bank n.a. raised 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 acquiring an additional 259 shares during the period. nVerses Capital LLC bought a new stake in Enphase Energy in the 3rd quarter valued at about $34,000. Stone House Investment Management LLC purchased a new position in Enphase Energy during the 3rd quarter valued at about $34,000. Finally, Quarry LP purchased a new position in Enphase Energy during the 3rd quarter valued at about $37,000. Institutional investors and hedge funds own 72.12% of the company's stock.
Enphase Energy Company Profile
(
Get Free Report)
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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