Enphase Energy (ENPH) Stock Price Down 0%

Enphase Energy, Inc. (NASDAQ:ENPH) dropped 0% on Monday . The company traded as low as $2.55 and last traded at $2.56. Approximately 1,246,996 shares were traded during trading, an increase of 40% from the average daily volume of 892,614 shares. The stock had previously closed at $2.56.

ENPH has been the subject of a number of research analyst reports. Craig Hallum reiterated a “buy” rating and set a $4.00 price objective on shares of Enphase Energy in a report on Monday, November 20th. Cowen restated a “buy” rating and issued a $2.25 price target on shares of Enphase Energy in a report on Friday, November 10th. Needham & Company LLC restated a “hold” rating on shares of Enphase Energy in a report on Tuesday, September 26th. Finally, ValuEngine upgraded shares of Enphase Energy from a “strong sell” rating to a “sell” rating in a report on Wednesday, September 27th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $2.06.

The company has a debt-to-equity ratio of -4.75, a quick ratio of 1.30 and a current ratio of 1.59.

Enphase Energy (NASDAQ:ENPH) last issued its quarterly earnings data on Tuesday, November 7th. The semiconductor company reported ($0.01) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.04. Enphase Energy had a negative net margin of 18.66% and a negative return on equity of 1,232.10%. The firm had revenue of $77.00 million for the quarter, compared to the consensus estimate of $77.13 million. During the same quarter in the previous year, the firm earned ($0.28) EPS. The company’s quarterly revenue was down 13.2% compared to the same quarter last year. equities analysts forecast that Enphase Energy, Inc. will post -0.57 earnings per share for the current year.

In other Enphase Energy news, Director John Howard Weber sold 55,526 shares of the business’s stock in a transaction that occurred on Tuesday, November 21st. The shares were sold at an average price of $2.64, for a total transaction of $146,588.64. Following the sale, the director now owns 35,326 shares of the company’s stock, valued at approximately $93,260.64. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Badrinarayanan Kothandaraman bought 40,677 shares of the company’s stock in a transaction on Thursday, November 9th. The shares were bought at an average cost of $1.78 per share, for a total transaction of $72,405.06. Following the transaction, the chief executive officer now owns 40,677 shares in the company, valued at approximately $72,405.06. The disclosure for this purchase can be found here. 15.92% of the stock is owned by insiders.

A number of large investors have recently added to or reduced their stakes in the business. Tenzing Global Management LLC grew its position in Enphase Energy by 600.0% during the 3rd quarter. Tenzing Global Management LLC now owns 4,200,000 shares of the semiconductor company’s stock worth $6,384,000 after purchasing an additional 3,600,000 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of Enphase Energy by 4.6% in the 2nd quarter. Vanguard Group Inc. now owns 1,939,428 shares of the semiconductor company’s stock valued at $1,678,000 after acquiring an additional 84,549 shares during the last quarter. Goldman Sachs Group Inc. boosted its holdings in shares of Enphase Energy by 10,872.8% in the 2nd quarter. Goldman Sachs Group Inc. now owns 1,846,393 shares of the semiconductor company’s stock valued at $1,597,000 after acquiring an additional 1,829,566 shares during the last quarter. Gilder Gagnon Howe & Co. LLC boosted its holdings in shares of Enphase Energy by 119.2% in the 3rd quarter. Gilder Gagnon Howe & Co. LLC now owns 1,672,927 shares of the semiconductor company’s stock valued at $2,543,000 after acquiring an additional 909,801 shares during the last quarter. Finally, Old West Investment Management LLC boosted its holdings in shares of Enphase Energy by 55.1% in the 3rd quarter. Old West Investment Management LLC now owns 1,619,108 shares of the semiconductor company’s stock valued at $2,461,000 after acquiring an additional 575,453 shares during the last quarter. 22.88% of the stock is currently owned by institutional investors.

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Enphase Energy Company Profile

Enphase Energy, Inc is a provider of energy management solutions. The Company is engaged in designing, developing, manufacturing and selling microinverter systems for the solar photovoltaic industry. Its semiconductor-based microinverter system converts direct current (DC) electricity to alternating current (AC) electricity.

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