Enphase Energy (NASDAQ:ENPH) Director Sells $44,940.00 in Stock

Enphase Energy, Inc. (NASDAQ:ENPH) Director Richard Mora sold 700 shares of the company’s stock in a transaction on Monday, June 1st. The stock was sold at an average price of $64.20, for a total value of $44,940.00. Following the transaction, the director owned 13,922 shares in the company, valued at $893,792.40. This trade represents a 4.79% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Richard Mora also recently made the following trade(s):

• On Tuesday, May 19th, Richard Mora sold 700 shares of Enphase Energy stock. The stock was sold at an average price of $46.39, for a total value of $32,473.00.

Enphase Energy Stock Down 18.0%

NASDAQ:ENPH opened at $56.07 on Friday. The company has a quick ratio of 3.20, a current ratio of 3.80 and a debt-to-equity ratio of 0.52. The stock’s fifty day moving average is $43.90 and its two-hundred day moving average is $39.81. Enphase Energy, Inc. has a 52 week low of $25.77 and a 52 week high of $73.74. The stock has a market capitalization of $7.39 billion, a price-to-earnings ratio of 55.52 and a beta of 1.60.

Enphase Energy (NASDAQ:ENPH) last released its quarterly earnings results on Tuesday, April 28th. The semiconductor company reported $0.47 EPS for the quarter, topping analysts’ consensus estimates of $0.43 by $0.04. Enphase Energy had a return on equity of 16.88% and a net margin of 9.64%.The company had revenue of $282.90 million for the quarter, compared to analysts’ expectations of $282.28 million. During the same period in the prior year, the firm earned $0.68 earnings per share. The firm’s revenue was down 20.6% compared to the same quarter last year. Research analysts anticipate that Enphase Energy, Inc. will post 0.84 EPS for the current year.

Institutional Trading of Enphase Energy

Hedge funds and other institutional investors have recently bought and sold shares of the business. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its stake in Enphase Energy by 431.9% in the second quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 633 shares of the semiconductor company’s stock valued at $25,000 after buying an additional 514 shares in the last quarter. Glass Jacobson Investment Advisors llc raised its stake in Enphase Energy by 77.8% in the fourth quarter. Glass Jacobson Investment Advisors llc now owns 800 shares of the semiconductor company’s stock valued at $26,000 after buying an additional 350 shares in the last quarter. Stance Capital LLC acquired a new stake in Enphase Energy in the third quarter valued at $32,000. Activest Wealth Management raised its stake in Enphase Energy by 52,000.0% in the fourth quarter. Activest Wealth Management now owns 1,042 shares of the semiconductor company’s stock valued at $33,000 after buying an additional 1,040 shares in the last quarter. Finally, Ascentis Independent Advisors acquired a new stake in Enphase Energy in the first quarter valued at $33,000. 72.12% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the company. Susquehanna reduced their price objective on Enphase Energy from $36.00 to $32.00 and set a “neutral” rating on the stock in a research note on Thursday, April 30th. Wall Street Zen upgraded Enphase Energy from a “sell” rating to a “hold” rating in a research note on Sunday, March 29th. JPMorgan Chase & Co. reduced their price objective on Enphase Energy from $39.00 to $35.00 and set a “neutral” rating on the stock in a research note on Wednesday, April 29th. Weiss Ratings upgraded Enphase Energy from a “sell (d)” rating to a “sell (d+)” rating in a research note on Wednesday, May 20th. Finally, TD Cowen increased their price objective on Enphase Energy from $35.00 to $70.00 and gave the company a “hold” rating in a research note on Friday, May 29th. Nine analysts have rated the stock with a Buy rating, ten have given a Hold rating and six have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $44.24.

Enphase Energy Company Profile

Enphase Energy is a global energy technology company that specializes in solar microinverters, energy storage systems and energy management software. Its core business centers on converting direct current (DC) power generated by solar panels into alternating current (AC) power suitable for use in residential and commercial applications. By integrating hardware and software solutions, Enphase Energy aims to improve solar energy yield, enhance system reliability and provide real-time monitoring capabilities to its customers.

The company’s product portfolio includes its IQ Series microinverters, which attach to individual solar panels to optimize performance at the module level and reduce the impact of shading or system failures.