Enphase Energy, Inc. (NASDAQ:ENPH – Get Rating) EVP David A. Ranhoff sold 7,500 shares of Enphase Energy stock in a transaction on Monday, November 21st. The stock was sold at an average price of $303.43, for a total transaction of $2,275,725.00. Following the sale, the executive vice president now directly owns 85,402 shares of the company’s stock, valued at $25,913,528.86. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.
Enphase Energy Stock Performance
Shares of NASDAQ:ENPH traded down $4.66 during midday trading on Wednesday, hitting $315.78. The stock had a trading volume of 2,634,988 shares, compared to its average volume of 3,372,206. The company has a market capitalization of $42.92 billion, a PE ratio of 151.82, a P/E/G ratio of 2.12 and a beta of 1.43. The stock has a 50 day moving average price of $283.23 and a two-hundred day moving average price of $247.54. The company has a current ratio of 3.60, a quick ratio of 3.34 and a debt-to-equity ratio of 1.96. Enphase Energy, Inc. has a 1 year low of $113.40 and a 1 year high of $324.84.
Analyst Upgrades and Downgrades
Several equities research analysts recently commented on the stock. Oppenheimer lifted their price target on shares of Enphase Energy to $315.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 27th. Seaport Res Ptn reiterated a “neutral” rating on shares of Enphase Energy in a research note on Sunday, July 31st. Craig Hallum lifted their price target on shares of Enphase Energy from $213.00 to $271.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 27th. Wells Fargo & Company lifted their price target on shares of Enphase Energy from $302.00 to $344.00 and gave the stock an “overweight” rating in a research note on Friday, October 28th. Finally, Truist Financial lifted their price target on shares of Enphase Energy from $265.00 to $290.00 and gave the stock a “buy” rating in a research note on Tuesday, October 18th. Five research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to MarketBeat, Enphase Energy presently has an average rating of “Moderate Buy” and a consensus price target of $295.82.
Institutional Trading of Enphase Energy
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Park Avenue Securities LLC boosted its holdings in Enphase Energy by 52.7% during the first quarter. Park Avenue Securities LLC now owns 2,025 shares of the semiconductor company’s stock worth $409,000 after buying an additional 699 shares in the last quarter. Mutual of America Capital Management LLC boosted its holdings in Enphase Energy by 0.3% during the first quarter. Mutual of America Capital Management LLC now owns 17,876 shares of the semiconductor company’s stock worth $3,607,000 after buying an additional 61 shares in the last quarter. Metis Global Partners LLC boosted its holdings in Enphase Energy by 78.2% during the first quarter. Metis Global Partners LLC now owns 2,096 shares of the semiconductor company’s stock worth $423,000 after buying an additional 920 shares in the last quarter. Venture Visionary Partners LLC purchased a new stake in Enphase Energy during the first quarter worth about $1,087,000. Finally, Arizona State Retirement System boosted its holdings in Enphase Energy by 2.5% during the first quarter. Arizona State Retirement System now owns 35,676 shares of the semiconductor company’s stock worth $7,199,000 after buying an additional 856 shares in the last quarter. Hedge funds and other institutional investors own 71.22% of the company’s stock.
Enphase Energy Company Profile
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 services.