Zvi Alon Sells 87,912 Shares of Tigo Energy (NASDAQ:TYGO) Stock

Tigo Energy, Inc. (NASDAQ:TYGOGet Free Report) CEO Zvi Alon sold 87,912 shares of Tigo Energy stock in a transaction dated Wednesday, June 3rd. The shares were sold at an average price of $3.52, for a total transaction of $309,450.24. Following the sale, the chief executive officer directly owned 1,311,373 shares in the company, valued at $4,616,032.96. The trade was a 6.28% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Zvi Alon also recently made the following trade(s):

  • On Monday, June 1st, Zvi Alon sold 42,167 shares of Tigo Energy stock. The shares were sold at an average price of $3.85, for a total transaction of $162,342.95.
  • On Tuesday, June 2nd, Zvi Alon sold 84,356 shares of Tigo Energy stock. The shares were sold at an average price of $3.72, for a total transaction of $313,804.32.

Tigo Energy Trading Up 3.2%

Shares of TYGO opened at $3.58 on Friday. The firm’s 50-day moving average price is $4.10 and its 200-day moving average price is $3.16. The firm has a market capitalization of $271.76 million, a price-to-earnings ratio of 89.52 and a beta of 1.23. Tigo Energy, Inc. has a 1-year low of $1.08 and a 1-year high of $5.33.

Tigo Energy (NASDAQ:TYGOGet Free Report) last posted its quarterly earnings data on Tuesday, May 5th. The company reported ($0.02) EPS for the quarter, hitting the consensus estimate of ($0.02). Tigo Energy had a net margin of 3.07% and a negative return on equity of 41.48%. The business had revenue of $25.20 million for the quarter, compared to analyst estimates of $25.76 million. On average, research analysts forecast that Tigo Energy, Inc. will post 0.04 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

TYGO has been the topic of several research reports. Roth Mkm reissued a “buy” rating and set a $7.00 price objective on shares of Tigo Energy in a research note on Wednesday, May 6th. Wall Street Zen lowered shares of Tigo Energy from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Northland Securities set a $6.40 price objective on shares of Tigo Energy in a research note on Thursday, May 7th. Finally, Weiss Ratings raised shares of Tigo Energy from a “sell (e+)” rating to a “sell (d+)” rating in a research note on Monday, May 18th. Two investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $6.47.

View Our Latest Stock Analysis on Tigo Energy

Institutional Investors Weigh In On Tigo Energy

Several hedge funds have recently bought and sold shares of TYGO. JPMorgan Chase & Co. bought a new position in shares of Tigo Energy in the third quarter worth approximately $31,000. Scientech Research LLC bought a new position in shares of Tigo Energy in the third quarter worth approximately $33,000. Virtu Financial LLC bought a new position in shares of Tigo Energy in the third quarter worth approximately $34,000. Centiva Capital LP bought a new position in shares of Tigo Energy in the third quarter worth approximately $59,000. Finally, GSA Capital Partners LLP bought a new position in shares of Tigo Energy in the third quarter worth approximately $63,000. Institutional investors own 15.72% of the company’s stock.

About Tigo Energy

(Get Free Report)

Tigo Energy, Inc (NASDAQ: TYGO) is a U.S.-based provider of module-level power electronics (MLPE) solutions designed to optimize the performance and safety of solar photovoltaic systems. Founded in 2007 and headquartered in Campbell, California, Tigo Energy develops hardware and software tools that enhance energy yield, improve system reliability, and streamline compliance with electrical codes. The company’s technology platform is used by solar installers, project developers, and module manufacturers to deliver higher returns on investment and bolster the safety profile of PV arrays.

At the core of Tigo’s offerings is its TS4 platform, a modular MLPE solution that enables real-time monitoring, rapid shutdown functionality, and maximum power point tracking at the panel level.

Further Reading

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