Steven J. Gomo Sells 20,000 Shares of Enphase Energy, Inc. (NASDAQ:ENPH) Stock

Enphase Energy, Inc. (NASDAQ:ENPH) Director Steven J. Gomo sold 20,000 shares of the company’s stock in a transaction dated Thursday, April 25th. The shares were sold at an average price of $104.69, for a total value of $2,093,800.00. Following the completion of the transaction, the director now owns 118,360 shares in the company, valued at approximately $12,391,108.40. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

Enphase Energy Price Performance

Shares of ENPH traded up $4.10 on Friday, hitting $111.93. The company’s stock had a trading volume of 5,824,204 shares, compared to its average volume of 4,236,534. The company has a market capitalization of $15.23 billion, a PE ratio of 58.30, a PEG ratio of 3.16 and a beta of 1.47. Enphase Energy, Inc. has a fifty-two week low of $73.49 and a fifty-two week high of $192.22. The company has a 50 day moving average price of $118.22 and a 200 day moving average price of $111.90. The company has a debt-to-equity ratio of 1.30, a current ratio of 4.16 and a quick ratio of 4.19.

Enphase Energy (NASDAQ:ENPH) last posted its quarterly earnings data on Tuesday, February 6th. The semiconductor company reported $0.29 EPS for the quarter, topping analysts’ consensus estimates of $0.24 by $0.05. Enphase Energy had a return on equity of 31.89% and a net margin of 15.10%. The company had revenue of $302.57 million for the quarter, compared to analyst estimates of $327.06 million. On average, research analysts anticipate that Enphase Energy, Inc. will post 1.95 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

ENPH has been the topic of a number of analyst reports. TD Cowen increased their price objective on Enphase Energy from $140.00 to $145.00 and gave the company a “buy” rating in a report on Wednesday. Jefferies Financial Group lowered shares of Enphase Energy from a “buy” rating to a “hold” rating and dropped their price target for the company from $135.00 to $111.00 in a research report on Wednesday. Truist Financial decreased their price objective on shares of Enphase Energy from $145.00 to $130.00 and set a “buy” rating for the company in a report on Tuesday. StockNews.com downgraded shares of Enphase Energy from a “hold” rating to a “sell” rating in a report on Wednesday, February 7th. Finally, Mizuho decreased their price target on shares of Enphase Energy from $150.00 to $148.00 and set a “buy” rating for the company in a report on Friday, April 19th. Three analysts have rated the stock with a sell rating, thirteen have given a hold rating and sixteen have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $141.58.

Institutional Investors Weigh In On Enphase Energy

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Bogart Wealth LLC acquired a new position in shares of Enphase Energy during the fourth quarter worth approximately $26,000. CVA Family Office LLC acquired a new position in Enphase Energy during the 4th quarter worth $31,000. YHB Investment Advisors Inc. bought a new position in Enphase Energy in the 1st quarter valued at $35,000. Parkside Financial Bank & Trust increased its stake in shares of Enphase Energy by 131.3% in the 3rd quarter. Parkside Financial Bank & Trust now owns 310 shares of the semiconductor company’s stock valued at $37,000 after buying an additional 176 shares during the period. Finally, Addison Advisors LLC increased its stake in shares of Enphase Energy by 1,447.6% in the 4th quarter. Addison Advisors LLC now owns 325 shares of the semiconductor company’s stock valued at $43,000 after buying an additional 304 shares during the period. Institutional investors and hedge funds own 72.12% of the company’s stock.

Enphase Energy Company Profile

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.