Tenzing Global Management LLC decreased its holdings in Enphase Energy Inc (NASDAQ:ENPH) by 4.8% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,000,000 shares of the semiconductor company’s stock after selling 200,000 shares during the period. Enphase Energy comprises approximately 6.6% of Tenzing Global Management LLC’s investment portfolio, making the stock its 5th biggest holding. Tenzing Global Management LLC owned approximately 4.66% of Enphase Energy worth $9,640,000 at the end of the most recent quarter.
Other institutional investors have also recently bought and sold shares of the company. Two Sigma Securities LLC acquired a new position in shares of Enphase Energy in the fourth quarter valued at approximately $107,000. Wade G W & Inc. acquired a new stake in shares of Enphase Energy in the 4th quarter valued at $108,000. Northern Trust Corp boosted its holdings in shares of Enphase Energy by 4.6% in the 2nd quarter. Northern Trust Corp now owns 125,328 shares of the semiconductor company’s stock valued at $108,000 after purchasing an additional 5,479 shares in the last quarter. Goldman Sachs Group Inc. acquired a new stake in shares of Enphase Energy in the 4th quarter valued at $128,000. Finally, Monashee Investment Management LLC bought a new position in shares of Enphase Energy in the 4th quarter valued at $133,000. 26.72% of the stock is currently owned by institutional investors.
ENPH has been the subject of a number of research reports. Roth Capital upgraded Enphase Energy from a “neutral” rating to a “buy” rating and increased their price target for the company from $2.40 to $5.00 in a research note on Wednesday, February 28th. Zacks Investment Research upgraded Enphase Energy from a “hold” rating to a “buy” rating and set a $2.25 price target for the company in a report on Friday, January 19th. ValuEngine downgraded Enphase Energy from a “sell” rating to a “strong sell” rating in a research note on Friday, December 1st. BidaskClub raised shares of Enphase Energy from a “hold” rating to a “buy” rating in a research report on Thursday, March 1st. Finally, Oppenheimer reissued a “buy” rating on shares of Enphase Energy in a report on Monday, February 5th. One research analyst has rated the stock with a sell rating, three have given a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. Enphase Energy presently has an average rating of “Buy” and an average target price of $3.25.
Enphase Energy Inc (NASDAQ ENPH) traded up $0.20 during mid-day trading on Friday, reaching $4.93. 585,344 shares of the company were exchanged, compared to its average volume of 1,381,044. The company has a market capitalization of $404.67, a P/E ratio of -8.91 and a beta of 0.78. The company has a current ratio of 1.59, a quick ratio of 1.30 and a debt-to-equity ratio of -4.75. Enphase Energy Inc has a 12 month low of $0.65 and a 12 month high of $4.97.
Enphase Energy (NASDAQ:ENPH) last posted its quarterly earnings results on Tuesday, February 27th. The semiconductor company reported ($0.03) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.05) by $0.02. Enphase Energy had a negative net margin of 15.79% and a negative return on equity of 1,232.10%. The firm had revenue of $79.67 million for the quarter, compared to analysts’ expectations of $75.91 million. equities research analysts anticipate that Enphase Energy Inc will post -0.02 earnings per share for the current year.
In other news, CEO Badrinarayanan Kothandaraman acquired 40,000 shares of Enphase Energy stock in a transaction that occurred on Thursday, March 1st. The stock was purchased at an average price of $3.32 per share, for a total transaction of $132,800.00. Following the purchase, the chief executive officer now directly owns 80,677 shares in the company, valued at approximately $267,847.64. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director John Howard Weber sold 77,551 shares of the business’s stock in a transaction that occurred on Tuesday, March 6th. The stock was sold at an average price of $3.88, for a total transaction of $300,897.88. Following the transaction, the director now owns 27,763 shares of the company’s stock, valued at approximately $107,720.44. The disclosure for this sale can be found here. Insiders have sold 96,537 shares of company stock valued at $351,934 over the last ninety days. 17.37% of the stock is currently owned by corporate insiders.
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Enphase Energy Company Profile
Enphase Energy, Inc is a provider of energy management solutions. The Company is engaged in designing, developing, manufacturing and selling microinverter systems for the solar photovoltaic industry. Its semiconductor-based microinverter system converts direct current (DC) electricity to alternating current (AC) electricity.
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