Enphase Energy Inc (NASDAQ:ENPH) shares gapped down before the market opened on Wednesday . The stock had previously closed at $4.67, but opened at $4.92. Enphase Energy shares last traded at $5.05, with a volume of 37427 shares changing hands.

A number of research analysts have recently weighed in on ENPH shares. BidaskClub downgraded shares of Enphase Energy from a “hold” rating to a “sell” rating in a report on Tuesday, July 31st. HC Wainwright restated a “buy” rating and set a $9.00 price target on shares of Enphase Energy in a report on Wednesday, August 1st. B. Riley set a $8.00 price target on shares of Enphase Energy and gave the company a “buy” rating in a report on Wednesday, August 1st. Zacks Investment Research downgraded shares of Enphase Energy from a “buy” rating to a “hold” rating in a report on Wednesday, August 1st. Finally, ValuEngine downgraded shares of Enphase Energy from a “hold” rating to a “sell” rating in a report on Thursday, September 6th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and six have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $7.21.

The company has a debt-to-equity ratio of 21.18, a quick ratio of 1.42 and a current ratio of 1.55. The company has a market cap of $562.48 million, a PE ratio of -9.41 and a beta of 0.48.

Enphase Energy (NASDAQ:ENPH) last posted its earnings results on Tuesday, November 6th. The semiconductor company reported $0.04 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.04. The firm had revenue of $78.00 million during the quarter, compared to analyst estimates of $79.55 million. During the same quarter in the previous year, the business posted ($0.01) earnings per share. The business’s quarterly revenue was up 1.3% compared to the same quarter last year. Equities research analysts expect that Enphase Energy Inc will post -0.14 EPS for the current year.

In other news, CEO Badrinarayanan Kothandaraman bought 15,000 shares of the stock in a transaction that occurred on Thursday, November 8th. The shares were acquired at an average cost of $5.69 per share, for a total transaction of $85,350.00. Following the purchase, the chief executive officer now owns 129,440 shares of the company’s stock, valued at approximately $736,513.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Eric Branderiz bought 19,880 shares of the stock in a transaction that occurred on Thursday, August 23rd. The stock was purchased at an average price of $5.03 per share, for a total transaction of $99,996.40. Following the completion of the purchase, the chief financial officer now directly owns 19,880 shares in the company, 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.

A number of large investors have recently bought and sold shares of the stock. State Board of Administration of Florida Retirement System acquired a new stake in Enphase Energy in the 2nd quarter worth $115,000. SG Americas Securities LLC acquired a new stake in Enphase Energy in the 2nd quarter worth $121,000. HRT Financial LLC acquired a new stake in Enphase Energy in the 3rd quarter worth $107,000. Virtu Financial LLC acquired a new stake in Enphase Energy in the 3rd quarter worth $123,000. Finally, PEAK6 Investments L.P. acquired a new stake in Enphase Energy in the 2nd quarter worth $193,000. Institutional investors and hedge funds own 35.83% of the company’s stock.

ILLEGAL ACTIVITY WARNING: “Enphase Energy (ENPH) Shares Gap Down to $4.92” was published by Daily Political and is the sole property of of Daily Political. If you are accessing this story on another domain, it was illegally stolen and republished in violation of US and international copyright & trademark law. The original version of this story can be accessed at https://www.dailypolitical.com/2018/11/21/enphase-energy-enph-shares-gap-down-to-4-92.html.

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.

Read More: Price to Earnings Ratio (PE)

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.