Solaredge Technologies Inc (NASDAQ:SEDG) has earned a consensus recommendation of “Hold” from the fifteen ratings firms that are covering the stock, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and nine have issued a buy rating on the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $54.42.

A number of equities research analysts have recently commented on SEDG shares. Roth Capital lowered their target price on Solaredge Technologies from $60.00 to $50.00 and set a “buy” rating on the stock in a research note on Friday, November 30th. Zacks Investment Research cut Solaredge Technologies from a “hold” rating to a “sell” rating in a research note on Friday, January 11th. BidaskClub cut Solaredge Technologies from a “hold” rating to a “sell” rating in a research note on Tuesday, January 1st. JMP Securities cut Solaredge Technologies from a “market perform” rating to an “underperform” rating and set a $31.00 target price on the stock. in a research note on Thursday, January 17th. They noted that the move was a valuation call. Finally, Cascend Securities upgraded Solaredge Technologies from a “hold” rating to a “buy” rating and set a $50.00 target price on the stock in a research note on Thursday, January 31st.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in SEDG. Handelsbanken Fonder AB raised its stake in Solaredge Technologies by 98.0% in the 4th quarter. Handelsbanken Fonder AB now owns 373,659 shares of the semiconductor company’s stock valued at $13,115,000 after acquiring an additional 184,973 shares during the period. Xact Kapitalforvaltning AB bought a new stake in Solaredge Technologies in the 4th quarter valued at about $223,000. State of Alaska Department of Revenue raised its stake in Solaredge Technologies by 3.8% in the 4th quarter. State of Alaska Department of Revenue now owns 14,378 shares of the semiconductor company’s stock valued at $504,000 after acquiring an additional 530 shares during the period. Arizona State Retirement System raised its stake in Solaredge Technologies by 12.6% in the 3rd quarter. Arizona State Retirement System now owns 62,041 shares of the semiconductor company’s stock valued at $2,336,000 after acquiring an additional 6,963 shares during the period. Finally, Sphera Funds Management LTD. raised its stake in Solaredge Technologies by 208.1% in the 3rd quarter. Sphera Funds Management LTD. now owns 150,817 shares of the semiconductor company’s stock valued at $5,678,000 after acquiring an additional 101,869 shares during the period. Institutional investors own 83.89% of the company’s stock.

SEDG traded up $0.20 during mid-day trading on Friday, reaching $39.93. 727,631 shares of the stock were exchanged, compared to its average volume of 714,752. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.00 and a quick ratio of 2.38. The company has a market capitalization of $1.88 billion, a price-to-earnings ratio of 14.84, a P/E/G ratio of 0.70 and a beta of 0.20. Solaredge Technologies has a 1 year low of $32.42 and a 1 year high of $70.74.

Solaredge Technologies (NASDAQ:SEDG) last posted its quarterly earnings data on Wednesday, February 20th. The semiconductor company reported $0.27 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.56 by ($0.29). The firm had revenue of $263.67 million for the quarter, compared to analysts’ expectations of $249.68 million. Solaredge Technologies had a return on equity of 25.33% and a net margin of 13.75%. Solaredge Technologies’s revenue was up 39.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.85 earnings per share. As a group, equities analysts anticipate that Solaredge Technologies will post 2.54 EPS for the current year.

Solaredge Technologies Company Profile

SolarEdge Technologies, Inc, together with its subsidiaries, designs, develops, and sells direct current (DC) optimized inverter systems for solar photovoltaic (PV) installations in Israel, the United States, the Netherlands, Europe, and internationally. The company's DC optimized inverter systems include power optimizers and inverters, as well as a cloud-based monitoring platform.

Read More: How Do Front-End Loads Impact an Investment?

Analyst Recommendations for Solaredge Technologies (NASDAQ:SEDG)

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