Enphase Energy (NASDAQ:ENPH) Director Richard Mora Sells 700 Shares

Enphase Energy, Inc. (NASDAQ:ENPH) Director Richard Mora sold 700 shares of the firm’s stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $64.20, for a total transaction of $44,940.00. Following the sale, the director directly owned 13,922 shares of the company’s stock, valued at $893,792.40. The trade was a 4.79% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

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 transaction of $32,473.00.

Enphase Energy Stock Down 0.9%

ENPH stock opened at $68.39 on Friday. Enphase Energy, Inc. has a twelve month low of $25.77 and a twelve month high of $73.74. The company has a current ratio of 3.80, a quick ratio of 3.20 and a debt-to-equity ratio of 0.52. The company has a market capitalization of $9.01 billion, a P/E ratio of 67.71 and a beta of 1.60. The firm has a 50 day simple moving average of $43.63 and a 200-day simple moving average of $39.70.

Enphase Energy (NASDAQ:ENPH) last announced its quarterly earnings data on Tuesday, April 28th. The semiconductor company reported $0.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.43 by $0.04. Enphase Energy had a return on equity of 16.88% and a net margin of 9.64%.The firm had revenue of $282.90 million for the quarter, compared to analysts’ expectations of $282.28 million. During the same period last year, the business posted $0.68 earnings per share. The firm’s revenue for the quarter was down 20.6% on a year-over-year basis. On average, equities research analysts predict that Enphase Energy, Inc. will post 0.84 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Enphase Energy

A number of hedge funds have recently added to or reduced their stakes in ENPH. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted 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 during the last quarter. Glass Jacobson Investment Advisors llc lifted 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 during the last quarter. Stance Capital LLC bought a new stake in Enphase Energy in the third quarter valued at $32,000. Activest Wealth Management lifted 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 during the last quarter. Finally, Ascentis Independent Advisors acquired a new position in shares of Enphase Energy during the first quarter valued at $33,000. 72.12% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Roth Mkm restated a “buy” rating on shares of Enphase Energy in a research note on Friday, May 22nd. Barclays reduced their price objective on Enphase Energy from $31.00 to $30.00 and set an “underweight” rating on the stock in a research note on Monday, May 4th. Glj Research set a $21.70 price objective on Enphase Energy in a research note on Thursday, February 5th. 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 raised their price objective on Enphase Energy from $35.00 to $70.00 and gave the stock 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’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price 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.