Short Interest in Enphase Energy, Inc. (NASDAQ:ENPH) Increases By 10.5%

Enphase Energy, Inc. (NASDAQ:ENPHGet Free Report) saw a significant growth in short interest in March. As of March 15th, there was short interest totalling 10,020,000 shares, a growth of 10.5% from the February 29th total of 9,070,000 shares. Based on an average daily trading volume, of 4,170,000 shares, the short-interest ratio is currently 2.4 days. Currently, 7.7% of the shares of the stock are short sold.

Insider Buying and Selling

In related news, EVP David A. Ranhoff sold 5,000 shares of the business’s stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $108.89, for a total value of $544,450.00. Following the sale, the executive vice president now directly owns 124,948 shares in the company, valued at $13,605,587.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other Enphase Energy news, EVP David A. Ranhoff sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $108.89, for a total transaction of $544,450.00. Following the sale, the executive vice president now directly owns 124,948 shares in the company, valued at $13,605,587.72. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Badrinarayanan Kothandaraman acquired 4,000 shares of the firm’s stock in a transaction on Tuesday, February 27th. The shares were bought at an average price of $120.54 per share, for a total transaction of $482,160.00. Following the completion of the transaction, the chief executive officer now owns 1,655,171 shares of the company’s stock, valued at $199,514,312.34. The disclosure for this purchase can be found here. 4.20% of the stock is owned by company insiders.

Institutional Trading of Enphase Energy

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Resurgent Financial Advisors LLC purchased a new position in Enphase Energy in the 4th quarter worth $29,000. KB Financial Partners LLC purchased a new position in Enphase Energy in the 1st quarter worth $28,000. Coppell Advisory Solutions Corp. purchased a new position in Enphase Energy in the 4th quarter worth $42,000. First Capital Advisors Group LLC. purchased a new position in Enphase Energy in the 2nd quarter worth $28,000. Finally, VisionPoint Advisory Group LLC purchased a new position in Enphase Energy in the 2nd quarter worth $33,000. Hedge funds and other institutional investors own 72.12% of the company’s stock.

Enphase Energy Stock Down 4.0 %

NASDAQ ENPH traded down $4.74 during midday trading on Tuesday, hitting $113.55. 2,502,872 shares of the company traded hands, compared to its average volume of 4,150,684. The company has a debt-to-equity ratio of 1.32, a current ratio of 4.59 and a quick ratio of 4.19. The company has a market cap of $15.42 billion, a PE ratio of 37.11, a price-to-earnings-growth ratio of 3.35 and a beta of 1.47. The company’s 50-day simple moving average is $117.94 and its 200-day simple moving average is $112.46. Enphase Energy has a 52 week low of $73.49 and a 52 week high of $231.42.

Enphase Energy (NASDAQ:ENPHGet Free Report) last issued its quarterly earnings data on Tuesday, February 6th. The semiconductor company reported $0.29 EPS for the quarter, beating the consensus estimate of $0.24 by $0.05. Enphase Energy had a return on equity of 47.73% and a net margin of 19.16%. The firm had revenue of $302.57 million during the quarter, compared to analyst estimates of $327.06 million. As a group, equities research analysts forecast that Enphase Energy will post 2.09 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on ENPH shares. StockNews.com downgraded Enphase Energy from a “hold” rating to a “sell” rating in a research report on Wednesday, February 7th. Wells Fargo & Company raised Enphase Energy from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $98.00 to $141.00 in a research note on Monday, January 8th. Roth Mkm cut their target price on Enphase Energy from $150.00 to $140.00 and set a “buy” rating on the stock in a research note on Thursday, February 1st. Canaccord Genuity Group started coverage on Enphase Energy in a research note on Tuesday, January 16th. They set a “buy” rating and a $142.00 target price on the stock. Finally, Royal Bank of Canada started coverage on Enphase Energy in a research note on Wednesday, February 14th. They set an “outperform” rating and a $140.00 target price on the stock. Two analysts have rated the stock with a sell rating, eleven have given a hold rating and seventeen have issued a buy rating to the stock. According to data from MarketBeat.com, Enphase Energy presently has an average rating of “Moderate Buy” and an average target price of $153.65.

Read Our Latest Research Report on Enphase Energy

Enphase Energy Company Profile

(Get Free Report)

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.

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