Roth Capital set a $6.00 price target on Enphase Energy (NASDAQ:ENPH) in a research report sent to investors on Thursday. The firm currently has a buy rating on the semiconductor company’s stock.

Several other research analysts have also recently weighed in on ENPH. Zacks Investment Research cut shares of Enphase Energy from a buy rating to a hold rating in a research note on Tuesday, March 6th. BidaskClub upgraded shares of Enphase Energy from a buy rating to a strong-buy rating in a report on Friday, March 9th. ValuEngine downgraded shares of Enphase Energy from a sell rating to a strong sell rating in a report on Friday, December 1st. Finally, Oppenheimer reiterated a buy rating on shares of Enphase Energy in a report on Monday, February 5th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. Enphase Energy has an average rating of Buy and an average target price of $3.25.

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Shares of Enphase Energy stock traded up $0.15 during mid-day trading on Thursday, reaching $4.88. 306,703 shares of the company traded hands, compared to its average volume of 1,378,388. Enphase Energy has a 52 week low of $0.65 and a 52 week high of $4.97. The company has a quick ratio of 1.30, a current ratio of 1.59 and a debt-to-equity ratio of -4.75. The stock has a market capitalization of $404.67, a PE ratio of -8.60 and a beta of 0.78.

Enphase Energy (NASDAQ:ENPH) last issued its earnings results on Tuesday, February 27th. The semiconductor company reported ($0.03) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.05) by $0.02. Enphase Energy had a negative net margin of 15.79% and a negative return on equity of 1,232.10%. The company had revenue of $79.67 million for the quarter, compared to analysts’ expectations of $75.91 million. analysts predict that Enphase Energy will post -0.02 EPS for the current year.

In related news, CFO Humberto Garcia sold 16,375 shares of the business’s stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $2.75, for a total transaction of $45,031.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director John Howard Weber sold 77,551 shares of the business’s stock in a transaction that occurred on Tuesday, March 6th. The stock was sold at an average price of $3.88, for a total transaction of $300,897.88. Following the transaction, the director now owns 27,763 shares of the company’s stock, valued at approximately $107,720.44. The disclosure for this sale can be found here. In the last quarter, insiders have sold 96,537 shares of company stock valued at $351,934. 17.37% of the stock is currently owned by company insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Northern Trust Corp increased its stake in Enphase Energy by 4.6% during the 2nd quarter. Northern Trust Corp now owns 125,328 shares of the semiconductor company’s stock valued at $108,000 after purchasing an additional 5,479 shares in the last quarter. Vanguard Group Inc. increased its stake in Enphase Energy by 4.6% during the 2nd quarter. Vanguard Group Inc. now owns 1,939,428 shares of the semiconductor company’s stock valued at $1,678,000 after purchasing an additional 84,549 shares in the last quarter. Wasatch Advisors Inc. increased its stake in Enphase Energy by 197.0% during the 3rd quarter. Wasatch Advisors Inc. now owns 753,789 shares of the semiconductor company’s stock valued at $1,146,000 after purchasing an additional 500,000 shares in the last quarter. K2 Principal Fund L.P. increased its stake in Enphase Energy by 14.9% during the 3rd quarter. K2 Principal Fund L.P. now owns 506,570 shares of the semiconductor company’s stock valued at $770,000 after purchasing an additional 65,760 shares in the last quarter. Finally, KBC Group NV increased its stake in Enphase Energy by 101.3% during the 3rd quarter. KBC Group NV now owns 180,137 shares of the semiconductor company’s stock valued at $274,000 after purchasing an additional 90,665 shares in the last quarter. Hedge funds and other institutional investors own 26.72% of the company’s stock.

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About Enphase Energy

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.

Analyst Recommendations for Enphase Energy (NASDAQ:ENPH)

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