Enphase Energy Inc (NASDAQ:ENPH) traded down 7% during mid-day trading on Thursday . The stock traded as low as $4.07 and last traded at $4.10. 3,476,354 shares changed hands during mid-day trading, an increase of 33% from the average session volume of 2,606,335 shares. The stock had previously closed at $4.41.

Several equities research analysts recently issued reports on the stock. Zacks Investment Research lowered shares of Enphase Energy from a “buy” rating to a “hold” rating in a report on Wednesday, August 1st. BidaskClub lowered shares of Enphase Energy from a “hold” rating to a “sell” rating in a report on Tuesday, July 31st. HC Wainwright set a $9.00 price objective on shares of Enphase Energy and gave the company a “buy” rating in a report on Wednesday, June 13th. ValuEngine lowered shares of Enphase Energy from a “buy” rating to a “hold” rating in a report on Monday, July 2nd. Finally, B. Riley set a $6.00 price objective on shares of Enphase Energy and gave the company a “buy” rating in a report on Tuesday, June 5th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $7.21.

The company has a current ratio of 1.36, a quick ratio of 1.20 and a debt-to-equity ratio of -1.11. The firm has a market cap of $432.91 million, a PE ratio of -7.61 and a beta of 0.41.

Enphase Energy (NASDAQ:ENPH) last announced its quarterly earnings data on Tuesday, July 31st. The semiconductor company reported $0.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.01 by $0.01. The company had revenue of $75.90 million for the quarter, compared to analysts’ expectations of $76.76 million. During the same period last year, the business earned ($0.08) earnings per share. The company’s quarterly revenue was up 1.6% compared to the same quarter last year. analysts predict that Enphase Energy Inc will post -0.08 EPS for the current year.

In other Enphase Energy news, CEO Badrinarayanan Kothandaraman bought 15,000 shares of the business’s stock in a transaction that occurred on Monday, August 20th. The stock was purchased at an average cost of $4.88 per share, with a total value of $73,200.00. Following the completion of the acquisition, the chief executive officer now owns 95,677 shares in the company, valued at approximately $466,903.76. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Eric Branderiz bought 19,880 shares of the business’s stock in a transaction that occurred on Thursday, August 23rd. The stock was acquired at an average cost of $5.03 per share, with a total value of $99,996.40. Following the completion of the acquisition, the chief financial officer now owns 19,880 shares of the company’s stock, valued at approximately $99,996.40. The disclosure for this purchase can be found here. Company insiders own 13.52% of the company’s stock.

Several hedge funds have recently bought and sold shares of the stock. BlackRock Inc. grew its holdings in shares of Enphase Energy by 656.0% in the second quarter. BlackRock Inc. now owns 5,543,050 shares of the semiconductor company’s stock valued at $37,305,000 after purchasing an additional 4,809,849 shares in the last quarter. Guggenheim Capital LLC lifted its position in Enphase Energy by 17,262.5% in the first quarter. Guggenheim Capital LLC now owns 3,403,924 shares of the semiconductor company’s stock worth $15,556,000 after buying an additional 3,384,319 shares during the last quarter. Gilder Gagnon Howe & Co. LLC lifted its position in Enphase Energy by 90.6% in the second quarter. Gilder Gagnon Howe & Co. LLC now owns 3,153,516 shares of the semiconductor company’s stock worth $21,223,000 after buying an additional 1,498,591 shares during the last quarter. Millennium Management LLC lifted its position in Enphase Energy by 379.0% in the first quarter. Millennium Management LLC now owns 1,026,880 shares of the semiconductor company’s stock worth $4,693,000 after buying an additional 812,493 shares during the last quarter. Finally, Emerald Mutual Fund Advisers Trust lifted its position in Enphase Energy by 30.3% in the second quarter. Emerald Mutual Fund Advisers Trust now owns 350,000 shares of the semiconductor company’s stock worth $2,356,000 after buying an additional 81,400 shares during the last quarter. 39.17% of the stock is owned by hedge funds and other institutional investors.

Enphase Energy Company Profile (NASDAQ:ENPH)

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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