Shares of Enphase Energy Inc (NASDAQ:ENPH) have earned a consensus recommendation of “Buy” from the fifteen research firms that are currently covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and nine have assigned a buy rating to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $34.59.

A number of analysts recently weighed in on the stock. ValuEngine cut shares of Enphase Energy from a “hold” rating to a “sell” rating in a report on Wednesday, October 2nd. Zacks Investment Research cut shares of Enphase Energy from a “buy” rating to a “hold” rating and set a $26.00 target price for the company. in a report on Tuesday, October 1st. Roth Capital set a $30.00 target price on shares of Enphase Energy and gave the stock a “buy” rating in a report on Friday, October 25th. BidaskClub upgraded shares of Enphase Energy from a “hold” rating to a “buy” rating in a report on Thursday. Finally, JPMorgan Chase & Co. assumed coverage on shares of Enphase Energy in a report on Monday, September 16th. They set an “overweight” rating and a $32.00 target price for the company.

Shares of NASDAQ ENPH traded up $0.20 during mid-day trading on Wednesday, reaching $22.07. 4,396,000 shares of the company traded hands, compared to its average volume of 3,851,097. Enphase Energy has a fifty-two week low of $4.53 and a fifty-two week high of $35.42. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.67 and a quick ratio of 2.46. The firm has a market cap of $2.71 billion, a PE ratio of -183.92 and a beta of 0.94. The stock has a fifty day simple moving average of $21.41 and a 200-day simple moving average of $22.12.

Enphase Energy (NASDAQ:ENPH) last posted its quarterly earnings data on Tuesday, October 29th. The semiconductor company reported $0.30 EPS for the quarter, beating the Zacks’ consensus estimate of $0.25 by $0.05. Enphase Energy had a net margin of 8.92% and a return on equity of 62.77%. The business had revenue of $180.06 million for the quarter, compared to analyst estimates of $176.49 million. During the same quarter last year, the business earned $0.04 earnings per share. The business’s revenue for the quarter was up 130.8% on a year-over-year basis. As a group, analysts predict that Enphase Energy will post 0.61 EPS for the current fiscal year.

In related news, COO Jeff Mcneil sold 7,500 shares of the firm’s stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $25.08, for a total value of $188,100.00. Following the completion of the transaction, the chief operating officer now owns 318,038 shares of the company’s stock, valued at approximately $7,976,393.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP David A. Ranhoff sold 30,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $29.25, for a total transaction of $877,500.00. Following the completion of the transaction, the vice president now directly owns 767,297 shares of the company’s stock, valued at approximately $22,443,437.25. The disclosure for this sale can be found here. Insiders have sold 92,500 shares of company stock valued at $2,256,065 over the last 90 days. 12.46% of the stock is currently owned by insiders.

A number of institutional investors have recently bought and sold shares of the stock. Commonwealth Equity Services LLC boosted its stake in shares of Enphase Energy by 31.2% during the 2nd quarter. Commonwealth Equity Services LLC now owns 32,354 shares of the semiconductor company’s stock valued at $589,000 after buying an additional 7,689 shares during the period. Harel Insurance Investments & Financial Services Ltd. acquired a new stake in shares of Enphase Energy during the 2nd quarter valued at $201,000. Clear Harbor Asset Management LLC boosted its stake in shares of Enphase Energy by 285.0% during the 2nd quarter. Clear Harbor Asset Management LLC now owns 100,107 shares of the semiconductor company’s stock valued at $1,825,000 after buying an additional 74,107 shares during the period. Westside Investment Management Inc. acquired a new stake in shares of Enphase Energy during the 2nd quarter valued at $143,000. Finally, Steward Partners Investment Advisory LLC acquired a new stake in shares of Enphase Energy during the 2nd quarter valued at $54,000. 44.72% of the stock is owned by hedge funds and other institutional investors.

Enphase Energy Company Profile

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

Further Reading: What does the Dogs of the Dow mean?

Analyst Recommendations for Enphase Energy (NASDAQ:ENPH)

Receive News & Ratings for Enphase Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Enphase Energy and related companies with MarketBeat.com's FREE daily email newsletter.