Enphase Energy, Inc. (NASDAQ:ENPH) CEO Badrinarayanan Kothandaraman bought 40,677 shares of the stock in a transaction dated Thursday, November 9th. The shares were acquired at an average price of $1.78 per share, for a total transaction of $72,405.06. Following the completion of the purchase, the chief executive officer now directly owns 40,677 shares in the company, valued at $72,405.06. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink.

Shares of Enphase Energy, Inc. (NASDAQ:ENPH) traded up $0.14 during trading on Friday, reaching $1.97. The company had a trading volume of 1,900,237 shares, compared to its average volume of 842,134. Enphase Energy, Inc. has a fifty-two week low of $0.65 and a fifty-two week high of $2.10. The company has a current ratio of 1.92, a quick ratio of 1.59 and a debt-to-equity ratio of -17.39.

Enphase Energy (NASDAQ:ENPH) last announced its quarterly earnings data on Tuesday, November 7th. The semiconductor company reported ($0.01) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.05) by $0.04. Enphase Energy had a negative return on equity of 1,975.02% and a negative net margin of 18.66%. The business had revenue of $77.00 million for the quarter, compared to analysts’ expectations of $77.13 million. During the same period in the previous year, the business posted ($0.28) EPS. The firm’s quarterly revenue was down 13.2% compared to the same quarter last year. sell-side analysts forecast that Enphase Energy, Inc. will post -0.57 EPS for the current year.

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A number of institutional investors have recently made changes to their positions in ENPH. Goldman Sachs Group Inc. raised its stake in 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 period. Gilder Gagnon Howe & Co. LLC grew its holdings in shares of Enphase Energy by 119.2% during the third quarter. Gilder Gagnon Howe & Co. LLC now owns 1,672,927 shares of the semiconductor company’s stock worth $2,543,000 after purchasing an additional 909,801 shares in the last quarter. Wasatch Advisors Inc. grew its holdings in shares of Enphase Energy by 197.0% during the third quarter. Wasatch Advisors Inc. now owns 753,789 shares of the semiconductor company’s stock worth $1,146,000 after purchasing an additional 500,000 shares in the last quarter. K2 Principal Fund L.P. grew its holdings in shares of Enphase Energy by 470.1% during the second quarter. K2 Principal Fund L.P. now owns 440,810 shares of the semiconductor company’s stock worth $381,000 after purchasing an additional 363,490 shares in the last quarter. Finally, Divisar Capital Management LLC grew its holdings in shares of Enphase Energy by 11.8% during the second quarter. Divisar Capital Management LLC now owns 1,131,297 shares of the semiconductor company’s stock worth $979,000 after purchasing an additional 119,459 shares in the last quarter. Institutional investors and hedge funds own 18.80% of the company’s stock.

ENPH has been the topic of a number of recent analyst reports. Cowen and Company reiterated a “buy” rating and set a $2.00 target price on shares of Enphase Energy in a research note on Sunday, September 24th. Needham & Company LLC reiterated a “hold” rating on shares of Enphase Energy in a research note on Tuesday, September 26th. ValuEngine upgraded Enphase Energy from a “strong sell” rating to a “sell” rating in a research note on Wednesday, September 27th. Finally, Zacks Investment Research cut Enphase Energy from a “hold” rating to a “sell” rating in a research note on Friday, August 11th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company. Enphase Energy currently has a consensus rating of “Hold” and an average target price of $1.50.

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.

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