Enphase Energy, Inc. (NASDAQ:ENPH) Director Sells 20,000 Shares

Enphase Energy, Inc. (NASDAQ:ENPH) Director Steven J. Gomo sold 20,000 shares of the company’s stock in a transaction dated Thursday, April 25th. The stock was sold at an average price of $104.69, for a total transaction of $2,093,800.00. Following the completion of the sale, the director now owns 118,360 shares in the company, valued at approximately $12,391,108.40. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Enphase Energy Price Performance

Shares of ENPH stock traded up $4.10 during trading on Friday, hitting $111.93. The company had a trading volume of 5,824,204 shares, compared to its average volume of 4,236,534. Enphase Energy, Inc. has a 52 week low of $73.49 and a 52 week high of $192.22. The stock has a market capitalization of $15.23 billion, a price-to-earnings ratio of 58.30, a price-to-earnings-growth ratio of 3.16 and a beta of 1.47. The company has a quick ratio of 4.19, a current ratio of 4.16 and a debt-to-equity ratio of 1.30. The stock’s 50-day moving average is $118.22 and its two-hundred day moving average is $111.90.

Enphase Energy (NASDAQ:ENPH) last posted its quarterly earnings data on Tuesday, February 6th. The semiconductor company reported $0.29 earnings per share for the quarter, beating the consensus estimate of $0.24 by $0.05. Enphase Energy had a net margin of 15.10% and a return on equity of 31.89%. The firm had revenue of $302.57 million for the quarter, compared to analysts’ expectations of $327.06 million. As a group, analysts predict that Enphase Energy, Inc. will post 1.95 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on ENPH shares. StockNews.com lowered Enphase Energy from a “hold” rating to a “sell” rating in a report on Wednesday, February 7th. JPMorgan Chase & Co. dropped their price objective on Enphase Energy from $141.00 to $128.00 and set an “overweight” rating on the stock in a research note on Wednesday. Truist Financial reduced their target price on shares of Enphase Energy from $145.00 to $130.00 and set a “buy” rating for the company in a research note on Tuesday. Guggenheim downgraded shares of Enphase Energy from a “neutral” rating to a “sell” rating and set a $92.00 target price for the company. in a report on Wednesday. Finally, Morgan Stanley boosted their price target on shares of Enphase Energy from $97.00 to $106.00 and gave the stock an “equal weight” rating in a report on Wednesday, February 7th. Three investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and sixteen have assigned a buy rating to the company. According to MarketBeat, Enphase Energy presently has a consensus rating of “Hold” and an average target price of $141.58.

Hedge Funds Weigh In On Enphase Energy

Institutional investors and hedge funds have recently bought and sold shares of the stock. Bogart Wealth LLC purchased a new stake in shares of Enphase Energy during the fourth quarter valued at approximately $26,000. CVA Family Office LLC purchased a new stake in shares of Enphase Energy during the fourth quarter worth about $31,000. YHB Investment Advisors Inc. bought a new stake in shares of Enphase Energy in the first quarter worth about $35,000. Parkside Financial Bank & Trust increased its holdings in Enphase Energy by 131.3% during the 3rd quarter. Parkside Financial Bank & Trust now owns 310 shares of the semiconductor company’s stock valued at $37,000 after purchasing an additional 176 shares during the period. Finally, Covestor Ltd lifted its holdings in Enphase Energy by 61.6% in the 3rd quarter. Covestor Ltd now owns 349 shares of the semiconductor company’s stock worth $42,000 after buying an additional 133 shares during the period. 72.12% of the stock is currently owned by institutional investors.

Enphase Energy Company Profile

Enphase Energy, Inc, together with its subsidiaries, designs, develops, manufactures, and sells home energy solutions for the solar photovoltaic industry in the United States and internationally. The company offers semiconductor-based microinverter, which converts energy at the individual solar module level and combines with its proprietary networking and software technologies to provide energy monitoring and control.