David A. Ranhoff Sells 5,000 Shares of Enphase Energy, Inc. (NASDAQ:ENPH) Stock

Enphase Energy, Inc. (NASDAQ:ENPH) EVP David A. Ranhoff sold 5,000 shares of the business’s stock in a transaction on Monday, April 15th. The shares were sold at an average price of $116.29, for a total transaction of $581,450.00. Following the completion of the transaction, the executive vice president now directly owns 119,948 shares in the company, valued at $13,948,752.92. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Enphase Energy Trading Up 1.5 %

Shares of NASDAQ ENPH traded up $1.68 on Wednesday, reaching $112.15. 2,949,313 shares of the company traded hands, compared to its average volume of 4,074,881. Enphase Energy, Inc. has a fifty-two week low of $73.49 and a fifty-two week high of $231.42. The company has a 50 day moving average of $120.44 and a 200 day moving average of $112.19. The company has a current ratio of 4.59, a quick ratio of 4.19 and a debt-to-equity ratio of 1.32. The stock has a market capitalization of $15.25 billion, a PE ratio of 37.05, a P/E/G ratio of 3.12 and a beta of 1.47.

Enphase Energy (NASDAQ:ENPH) last posted its earnings results on Tuesday, February 6th. The semiconductor company reported $0.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.24 by $0.05. The firm had revenue of $302.57 million during the quarter, compared to the consensus estimate of $327.06 million. Enphase Energy had a net margin of 19.16% and a return on equity of 47.73%. On average, equities research analysts forecast that Enphase Energy, Inc. will post 2.09 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. Royal Bank of Canada assumed coverage on shares of Enphase Energy in a research report on Wednesday, February 14th. They set an “outperform” rating and a $140.00 target price on the stock. Susquehanna restated a “positive” rating and set a $140.00 target price on shares of Enphase Energy in a research report on Friday, April 5th. Mizuho boosted their target price on shares of Enphase Energy from $131.00 to $150.00 and gave the stock a “buy” rating in a research report on Wednesday, January 3rd. Morgan Stanley boosted their target price on shares of Enphase Energy from $97.00 to $106.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 7th. Finally, Canaccord Genuity Group assumed coverage on shares of Enphase Energy in a research report on Tuesday, January 16th. They set a “buy” rating and a $142.00 target price on the stock. Two investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and sixteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $149.94.

Hedge Funds Weigh In On Enphase Energy

Institutional investors and hedge funds have recently bought and sold shares of the stock. Resurgent Financial Advisors LLC purchased a new position in Enphase Energy in the 4th quarter worth approximately $29,000. KB Financial Partners LLC purchased a new position in Enphase Energy in the 1st quarter worth approximately $28,000. Coppell Advisory Solutions Corp. purchased a new position in Enphase Energy in the 4th quarter worth approximately $42,000. First Capital Advisors Group LLC. purchased a new position in Enphase Energy in the 2nd quarter worth approximately $28,000. Finally, Bogart Wealth LLC purchased a new position in Enphase Energy in the 4th quarter worth approximately $26,000. Hedge funds and other institutional investors own 72.12% of the company’s stock.

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.