Enphase Energy (NASDAQ:ENPH) Earns Sell Rating from Citigroup

Enphase Energy (NASDAQ:ENPH)‘s stock had its “sell” rating reissued by stock analysts at Citigroup in a research note issued to investors on Thursday,Benzinga reports. They presently have a $47.00 price objective on the semiconductor company’s stock. Citigroup’s target price suggests a potential downside of 9.18% from the stock’s current price.

A number of other research firms have also recently weighed in on ENPH. Wells Fargo & Company cut their price target on Enphase Energy from $77.00 to $75.00 and set an “overweight” rating for the company in a report on Thursday, March 27th. Oppenheimer upped their target price on shares of Enphase Energy from $101.00 to $103.00 and gave the company an “outperform” rating in a report on Wednesday, February 5th. Susquehanna lowered their price target on shares of Enphase Energy from $76.00 to $59.00 and set a “neutral” rating for the company in a report on Monday. JPMorgan Chase & Co. reduced their price objective on shares of Enphase Energy from $112.00 to $91.00 and set an “overweight” rating on the stock in a research note on Thursday, January 23rd. Finally, Jefferies Financial Group decreased their target price on shares of Enphase Energy from $54.00 to $44.00 and set an “underperform” rating on the stock in a research report on Thursday, April 3rd. Four research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $86.72.

Enphase Energy Trading Down 2.5 %

Shares of ENPH stock opened at $51.75 on Thursday. The business’s fifty day moving average price is $59.74 and its 200 day moving average price is $70.10. The firm has a market capitalization of $6.86 billion, a PE ratio of 69.93 and a beta of 1.94. The company has a debt-to-equity ratio of 1.44, a current ratio of 3.53 and a quick ratio of 3.28. Enphase Energy has a 1-year low of $47.48 and a 1-year high of $141.63.

Enphase Energy (NASDAQ:ENPH) last announced its quarterly earnings data on Tuesday, February 4th. The semiconductor company reported $0.57 EPS for the quarter, beating the consensus estimate of $0.43 by $0.14. Enphase Energy had a net margin of 7.72% and a return on equity of 15.62%. As a group, sell-side analysts forecast that Enphase Energy will post 2.08 EPS for the current fiscal year.

Insider Buying and Selling

In other Enphase Energy news, CFO Mandy Yang sold 1,319 shares of Enphase Energy stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $63.32, for a total transaction of $83,519.08. Following the sale, the chief financial officer now directly owns 78,524 shares in the company, valued at $4,972,139.68. The trade was a 1.65 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Thurman J. Rodgers sold 100,000 shares of the company’s stock in a transaction that occurred on Friday, March 7th. The shares were sold at an average price of $61.26, for a total value of $6,126,000.00. Following the completion of the transaction, the director now directly owns 1,881,760 shares in the company, valued at approximately $115,276,617.60. The trade was a 5.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 3.10% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. CX Institutional acquired a new stake in shares of Enphase Energy in the 1st quarter valued at about $29,000. Venturi Wealth Management LLC increased its holdings in shares of Enphase Energy by 318.1% in the 4th quarter. Venturi Wealth Management LLC now owns 669 shares of the semiconductor company’s stock valued at $46,000 after acquiring an additional 509 shares during the last quarter. Pilgrim Partners Asia Pte Ltd bought a new stake in shares of Enphase Energy in the 4th quarter valued at approximately $47,000. GeoWealth Management LLC raised its position in shares of Enphase Energy by 56.3% during the 4th quarter. GeoWealth Management LLC now owns 891 shares of the semiconductor company’s stock valued at $61,000 after acquiring an additional 321 shares in the last quarter. Finally, Sava Infond d.o.o. bought a new position in Enphase Energy during the fourth quarter worth $69,000. 72.12% of the stock is owned by institutional investors and hedge funds.

About Enphase Energy

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.