Enphase Energy Target of Unusually High Options Trading (ENPH)

Enphase Energy Inc (NASDAQ:ENPH) saw some unusual options trading activity on Tuesday. Stock traders purchased 16,729 call options on the company. This represents an increase of 2,925% compared to the typical volume of 553 call options.

ENPH stock opened at $9.66 on Wednesday. The company has a debt-to-equity ratio of 10.50, a current ratio of 1.51 and a quick ratio of 1.40. Enphase Energy has a 52-week low of $3.70 and a 52-week high of $10.36. The stock has a market cap of $1.06 billion, a price-to-earnings ratio of -80.50 and a beta of 1.45.

Enphase Energy (NASDAQ:ENPH) last released its earnings results on Tuesday, February 26th. The semiconductor company reported $0.01 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.02) by $0.03. The company had revenue of $92.20 million during the quarter, compared to the consensus estimate of $85.40 million. During the same quarter in the previous year, the business posted $0.01 EPS. The firm’s quarterly revenue was up 15.7% on a year-over-year basis. As a group, equities analysts anticipate that Enphase Energy will post 0.21 EPS for the current fiscal year.

ENPH has been the subject of a number of recent analyst reports. ValuEngine upgraded shares of Enphase Energy from a “hold” rating to a “buy” rating in a report on Monday, February 4th. Raymond James cut shares of Enphase Energy from a “market perform” rating to an “underperform” rating in a report on Tuesday, March 19th. They noted that the move was a valuation call. BidaskClub upgraded shares of Enphase Energy from a “hold” rating to a “buy” rating in a report on Thursday, January 10th. HC Wainwright set a $9.00 price target on shares of Enphase Energy and gave the company a “buy” rating in a report on Tuesday, January 29th. Finally, Roth Capital set a $14.00 price target on shares of Enphase Energy and gave the company a “buy” rating in a report on Thursday, March 21st. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. Enphase Energy presently has an average rating of “Buy” and an average target price of $9.56.

In other Enphase Energy news, Director Richard Mora sold 70,000 shares of the company’s stock in a transaction dated Thursday, February 28th. The shares were sold at an average price of $9.09, for a total transaction of $636,300.00. Following the completion of the sale, the director now directly owns 109,788 shares in the company, valued at $997,972.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Eric Branderiz sold 30,935 shares of the company’s stock in a transaction dated Tuesday, March 19th. The shares were sold at an average price of $8.88, for a total transaction of $274,702.80. The disclosure for this sale can be found here. Insiders have sold 163,045 shares of company stock valued at $1,478,709 over the last 90 days. Corporate insiders own 12.46% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in ENPH. Capital Investment Advisory Services LLC bought a new stake in shares of Enphase Energy in the fourth quarter valued at about $38,000. Westside Investment Management Inc. lifted its stake in shares of Enphase Energy by 28.4% in the fourth quarter. Westside Investment Management Inc. now owns 8,986 shares of the semiconductor company’s stock valued at $43,000 after buying an additional 1,986 shares during the period. Raymond James Financial Services Advisors Inc. lifted its stake in shares of Enphase Energy by 24.7% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 12,605 shares of the semiconductor company’s stock valued at $60,000 after buying an additional 2,500 shares during the period. LPL Financial LLC bought a new stake in shares of Enphase Energy in the fourth quarter valued at about $66,000. Finally, Fisher Asset Management LLC bought a new stake in shares of Enphase Energy in the fourth quarter valued at about $102,000. Institutional investors and hedge funds own 41.47% of the company’s stock.

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Enphase Energy Company Profile

Enphase Energy, Inc, together with its subsidiaries, designs, develops, and sells microinverter systems for residential and commercial markets in the United States and internationally. The company's semiconductor-based microinverter system converts direct current (DC) electricity to alternating current (AC) electricity at the individual solar module level.

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