Enphase Energy Inc (NASDAQ:ENPH) Director Richard Mora sold 60,000 shares of Enphase Energy stock in a transaction on Wednesday, August 14th. The shares were sold at an average price of $31.03, for a total transaction of $1,861,800.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
ENPH stock opened at $33.75 on Friday. The stock has a market capitalization of $4.12 billion, a P/E ratio of -281.25 and a beta of 1.01. The firm has a 50-day simple moving average of $25.22 and a 200-day simple moving average of $15.18. The company has a quick ratio of 2.30, a current ratio of 2.44 and a debt-to-equity ratio of 0.85. Enphase Energy Inc has a 52 week low of $3.70 and a 52 week high of $35.11.
Enphase Energy (NASDAQ:ENPH) last released its earnings results on Tuesday, July 30th. The semiconductor company reported $0.18 EPS for the quarter, topping analysts’ consensus estimates of $0.09 by $0.09. The business had revenue of $134.09 million during the quarter, compared to analysts’ expectations of $120.36 million. Enphase Energy had a net margin of 2.63% and a return on equity of 31.17%. The company’s quarterly revenue was up 76.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.02 earnings per share. On average, analysts expect that Enphase Energy Inc will post 0.54 earnings per share for the current year.
ENPH has been the subject of a number of recent analyst reports. Craig Hallum set a $31.00 price objective on shares of Enphase Energy and gave the company a “buy” rating in a report on Wednesday, July 31st. TheStreet raised shares of Enphase Energy from a “c” rating to a “b-” rating in a report on Tuesday, May 21st. BidaskClub raised shares of Enphase Energy from a “buy” rating to a “strong-buy” rating in a research note on Thursday, August 1st. Deutsche Bank raised shares of Enphase Energy from a “hold” rating to a “buy” rating and boosted their target price for the stock from $100.00 to $120.00 in a research note on Wednesday, July 31st. Finally, Roth Capital boosted their target price on shares of Enphase Energy from $17.00 to $23.00 and gave the stock a “buy” rating in a research note on Monday, July 29th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, seven have assigned a buy rating and three have issued a strong buy rating to the company’s stock. Enphase Energy currently has an average rating of “Buy” and an average target price of $32.25.
About Enphase Energy
Enphase Energy, Inc, together with its subsidiaries, designs, develops, and sells home energy solutions for the solar photovoltaic industry in the United States and internationally. The company offers semiconductor-based microinverter that converts energy at the individual solar module level and combines with its proprietary networking and software technologies to provide energy monitoring and control services.
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