Solaredge Technologies Inc (NASDAQ:SEDG)’s share price gapped down before the market opened on Friday . The stock had previously closed at $82.23, but opened at $82.04. Solaredge Technologies shares last traded at $81.35, with a volume of 45,048 shares trading hands.

A number of research firms have recently weighed in on SEDG. Cascend Securities reissued a “buy” rating and set a $75.00 target price (up from $65.00) on shares of Solaredge Technologies in a research report on Thursday, June 27th. TheStreet raised shares of Solaredge Technologies from a “c+” rating to a “b-” rating in a research report on Wednesday, August 7th. Roth Capital increased their target price on shares of Solaredge Technologies from $70.00 to $105.00 and gave the company a “buy” rating in a research report on Wednesday, August 7th. Credit Suisse Group raised their price objective on shares of Solaredge Technologies from $43.00 to $49.00 and gave the stock a “neutral” rating in a report on Tuesday, May 7th. Finally, Zacks Investment Research raised shares of Solaredge Technologies from a “hold” rating to a “strong-buy” rating and set a $93.00 price objective for the company in a report on Saturday, August 10th. One research analyst has rated the stock with a sell rating, three have given a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $75.86.

The company’s fifty day simple moving average is $70.13 and its 200 day simple moving average is $53.03. The company has a current ratio of 2.49, a quick ratio of 1.98 and a debt-to-equity ratio of 0.05. The stock has a market capitalization of $3.88 billion, a P/E ratio of 30.07, a P/E/G ratio of 1.29 and a beta of 0.15.

Solaredge Technologies (NASDAQ:SEDG) last announced its quarterly earnings results on Tuesday, August 6th. The semiconductor company reported $0.69 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.68 by $0.01. The firm had revenue of $325.00 million during the quarter, compared to the consensus estimate of $315.53 million. Solaredge Technologies had a net margin of 10.09% and a return on equity of 17.81%. The business’s quarterly revenue was up 43.1% compared to the same quarter last year. During the same period last year, the firm earned $0.82 EPS. Equities research analysts predict that Solaredge Technologies Inc will post 2.99 earnings per share for the current year.

In related news, Director More Avery sold 5,000 shares of Solaredge Technologies stock in a transaction on Thursday, June 13th. The shares were sold at an average price of $55.10, for a total value of $275,500.00. Following the transaction, the director now owns 588,291 shares in the company, valued at approximately $32,414,834.10. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Doron Inbar sold 20,000 shares of Solaredge Technologies stock in a transaction on Monday, August 12th. The stock was sold at an average price of $86.80, for a total transaction of $1,736,000.00. Following the completion of the transaction, the director now owns 45,712 shares in the company, valued at approximately $3,967,801.60. The disclosure for this sale can be found here. In the last quarter, insiders sold 172,809 shares of company stock worth $14,470,796. 7.90% of the stock is owned by corporate insiders.

Institutional investors have recently made changes to their positions in the business. Pathstone Family Office LLC bought a new stake in shares of Solaredge Technologies during the 2nd quarter valued at about $31,000. C M Bidwell & Associates Ltd. bought a new stake in shares of Solaredge Technologies during the 2nd quarter valued at about $32,000. Westside Investment Management Inc. bought a new stake in shares of Solaredge Technologies during the 2nd quarter valued at about $35,000. Trust Co. of Vermont boosted its stake in shares of Solaredge Technologies by 86.0% during the 1st quarter. Trust Co. of Vermont now owns 941 shares of the semiconductor company’s stock valued at $35,000 after purchasing an additional 435 shares in the last quarter. Finally, Tower Research Capital LLC TRC bought a new stake in shares of Solaredge Technologies during the 2nd quarter valued at about $69,000. 81.02% of the stock is currently owned by institutional investors and hedge funds.

Solaredge Technologies Company Profile (NASDAQ:SEDG)

SolarEdge Technologies, Inc, together with its subsidiaries, designs, develops, and sells direct current (DC) optimized inverter systems for solar photovoltaic (PV) installations worldwide. Its SolarEdge system consists of power optimizers, inverters, communication and smart energy management solutions, and a cloud based monitoring platform.

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