SolarEdge Technologies, Inc. (NASDAQ:SEDG) Receives Consensus Recommendation of "Reduce" from Analysts

Shares of SolarEdge Technologies, Inc. (NASDAQ:SEDG - Get Free Report) have received an average recommendation of "Reduce" from the twenty-eight analysts that are currently covering the firm, Marketbeat.com reports. Nine research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $21.80.

Several brokerages have recently issued reports on SEDG. Barclays boosted their price objective on SolarEdge Technologies from $7.00 to $10.00 and gave the stock an "underweight" rating in a research report on Tuesday, January 14th. Piper Sandler raised their price objective on shares of SolarEdge Technologies from $9.00 to $10.00 and gave the company an "underweight" rating in a research note on Thursday, February 20th. Susquehanna upped their target price on SolarEdge Technologies from $13.00 to $17.00 and gave the stock a "neutral" rating in a research report on Thursday, February 20th. The Goldman Sachs Group lifted their price target on SolarEdge Technologies from $21.00 to $31.00 and gave the company a "buy" rating in a research report on Thursday, February 20th. Finally, Glj Research raised SolarEdge Technologies from a "strong sell" rating to a "strong-buy" rating in a research note on Tuesday, December 17th.

Insider Activity at SolarEdge Technologies

In related news, Chairman More Avery acquired 30,000 shares of the company's stock in a transaction that occurred on Tuesday, March 4th. The stock was purchased at an average price of $13.70 per share, for a total transaction of $411,000.00. Following the transaction, the chairman now directly owns 274,478 shares of the company's stock, valued at approximately $3,760,348.60. This trade represents a 12.27 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.67% of the stock is owned by insiders.

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Institutional Investors Weigh In On SolarEdge Technologies

Several hedge funds and other institutional investors have recently made changes to their positions in SEDG. PharVision Advisers LLC acquired a new stake in SolarEdge Technologies in the fourth quarter worth about $256,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of SolarEdge Technologies by 6.9% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 241,346 shares of the semiconductor company's stock worth $3,282,000 after buying an additional 15,549 shares during the period. Voloridge Investment Management LLC raised its stake in shares of SolarEdge Technologies by 1.4% during the fourth quarter. Voloridge Investment Management LLC now owns 866,206 shares of the semiconductor company's stock worth $11,780,000 after buying an additional 11,926 shares during the last quarter. Sphera Management Technology Funds Ltd acquired a new position in SolarEdge Technologies in the fourth quarter valued at approximately $816,000. Finally, Two Sigma Advisers LP boosted its stake in SolarEdge Technologies by 1.6% in the fourth quarter. Two Sigma Advisers LP now owns 1,160,400 shares of the semiconductor company's stock valued at $15,781,000 after acquiring an additional 18,300 shares during the last quarter. 95.10% of the stock is owned by institutional investors and hedge funds.

SolarEdge Technologies Stock Performance

Shares of SEDG traded down $0.17 during midday trading on Monday, hitting $15.93. 1,379,745 shares of the stock traded hands, compared to its average volume of 4,054,729. The business's 50 day moving average price is $15.57 and its two-hundred day moving average price is $16.01. The firm has a market capitalization of $936.41 million, a PE ratio of -0.51 and a beta of 1.78. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.46 and a current ratio of 1.95. SolarEdge Technologies has a 1-year low of $10.24 and a 1-year high of $73.60.

SolarEdge Technologies Company Profile

SolarEdge Technologies, Inc, together with its subsidiaries, designs, develops, manufactures, and sells direct current (DC) optimized inverter systems for solar photovoltaic (PV) installations in the United States, Germany, the Netherlands, Italy, rest of Europe, and internationally. It operates in two segments, Solar and Energy Storage.