Glj Research Reaffirms Sell Rating for Enphase Energy (NASDAQ:ENPH)

Glj Research reaffirmed their sell rating on shares of Enphase Energy (NASDAQ:ENPH) in a research report sent to investors on Tuesday morning,Benzinga reports. Glj Research currently has a $50.69 target price on the semiconductor company’s stock.

Several other equities analysts have also recently weighed in on the company. TD Cowen cut their price objective on Enphase Energy from $120.00 to $100.00 and set a “buy” rating on the stock in a report on Monday, January 27th. Janney Montgomery Scott cut Enphase Energy from a “buy” rating to a “neutral” rating and set a $83.00 target price on the stock. in a research note on Wednesday, October 23rd. Royal Bank of Canada cut their target price on Enphase Energy from $85.00 to $71.00 and set a “sector perform” rating on the stock in a research note on Friday, November 22nd. Susquehanna cut their target price on Enphase Energy from $104.00 to $85.00 and set a “neutral” rating on the stock in a research note on Thursday, October 24th. Finally, Hsbc Global Res cut Enphase Energy from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 8th. Three investment analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $93.22.

Enphase Energy Price Performance

Shares of ENPH opened at $66.25 on Tuesday. Enphase Energy has a 1 year low of $58.33 and a 1 year high of $141.63. The company has a current ratio of 4.16, a quick ratio of 3.88 and a debt-to-equity ratio of 1.29. The stock has a market cap of $8.95 billion, a P/E ratio of 150.57, a price-to-earnings-growth ratio of 8.22 and a beta of 1.68. The stock’s 50-day moving average price is $69.02 and its two-hundred day moving average price is $89.11.

Enphase Energy (NASDAQ:ENPH) last released its quarterly earnings data on Tuesday, February 4th. The semiconductor company reported $0.57 earnings per share for the quarter, missing the consensus estimate of $0.72 by ($0.15). Enphase Energy had a net margin of 4.91% and a return on equity of 10.56%. On average, equities analysts predict that Enphase Energy will post 0.92 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in ENPH. Avior Wealth Management LLC boosted its stake in Enphase Energy by 6,975.0% in the 3rd quarter. Avior Wealth Management LLC now owns 283 shares of the semiconductor company’s stock valued at $32,000 after purchasing an additional 279 shares during the period. UMB Bank n.a. boosted its stake in Enphase Energy by 784.8% in the 3rd quarter. UMB Bank n.a. now owns 292 shares of the semiconductor company’s stock valued at $33,000 after purchasing an additional 259 shares during the period. nVerses Capital LLC bought a new stake in Enphase Energy in the 3rd quarter valued at $34,000. Stone House Investment Management LLC bought a new stake in Enphase Energy in the 3rd quarter valued at $34,000. Finally, Quarry LP bought a new stake in Enphase Energy in the 3rd quarter valued at $37,000. 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.