36,340 Shares in Enphase Energy, Inc. $ENPH Bought by Compass Financial Management LLC

Compass Financial Management LLC acquired a new position in Enphase Energy, Inc. (NASDAQ:ENPH) in the 3rd quarter, Holdings Channel reports. The institutional investor acquired 36,340 shares of the semiconductor company’s stock, valued at approximately $1,199,000.

Several other large investors have also recently bought and sold shares of ENPH. Archer Investment Corp acquired a new position in Enphase Energy during the 2nd quarter worth $30,000. Ascentis Independent Advisors acquired a new stake in shares of Enphase Energy in the 1st quarter valued at $33,000. Burnham & Co LLC acquired a new stake in shares of Enphase Energy in the 2nd quarter valued at $34,000. Continuum Advisory LLC bought a new stake in shares of Enphase Energy during the second quarter worth $42,000. Finally, Allworth Financial LP bought a new stake in shares of Enphase Energy during the second quarter worth $46,000. Institutional investors and hedge funds own 72.12% of the company’s stock.

Insider Transactions at Enphase Energy

In other Enphase Energy news, Director Richard Mora sold 1,500 shares of the firm’s stock in a transaction dated Friday, August 14th. The shares were sold at an average price of $40.36, for a total transaction of $60,540.00. Following the completion of the sale, the director directly owned 10,422 shares in the company, valued at approximately $420,631.92. This trade represents a 12.58% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Badrinarayanan Kothandaraman acquired 10,000 shares of the firm’s stock in a transaction dated Monday, November 2nd. The stock was bought at an average cost of $26.75 per share, for a total transaction of $267,500.00. Following the purchase, the chief executive officer directly owned 1,655,632 shares of the company’s stock, valued at approximately $44,288,156. This trade represents a 0.61% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 2.90% of the stock is currently owned by company insiders.

Enphase Energy Stock Down 8.2%

ENPH stock opened at $28.97 on Friday. The stock’s fifty day simple moving average is $32.97 and its two-hundred day simple moving average is $40.84. The company has a current ratio of 4.09, a quick ratio of 3.56 and a debt-to-equity ratio of 0.46. Enphase Energy, Inc. has a 1-year low of $23.83 and a 1-year high of $73.74. The stock has a market cap of $3.83 billion, a P/E ratio of 43.24 and a beta of 1.44.

Enphase Energy (NASDAQ:ENPH) last announced its earnings results on Tuesday, October 27th. The semiconductor company reported $0.41 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.51 by ($0.10). The business had revenue of $293.33 million for the quarter, compared to analysts’ expectations of $304.59 million. Enphase Energy had a net margin of 7.49% and a return on equity of 9.16%. The company’s revenue for the quarter was down 28.5% compared to the same quarter last year. During the same period in the prior year, the business earned $0.90 earnings per share. Analysts expect that Enphase Energy, Inc. will post 0.34 EPS for the current year.

Analyst Ratings Changes

Several brokerages have recently issued reports on ENPH. Northland Securities set a $36.00 price target on Enphase Energy in a research note on Wednesday, October 28th. UBS Group set a $56.00 price target on Enphase Energy in a research note on Wednesday, July 29th. Glj Research reduced their target price on shares of Enphase Energy from $24.47 to $21.49 and set a “sell” rating for the company in a report on Monday, October 26th. Susquehanna lowered their price target on shares of Enphase Energy from $35.00 to $26.00 and set a “neutral” rating on the stock in a report on Wednesday, October 28th. Finally, Wells Fargo & Company lowered their price objective on shares of Enphase Energy from $44.00 to $34.00 and set an “overweight” rating for the company in a research report on Wednesday, October 28th. Seven equities research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $35.11.

Enphase Energy Company Profile

Enphase Energy, Inc develops and manufactures technology for residential and commercial solar energy systems. Its products include solar microinverters, which convert electricity generated by individual solar panels into usable power, along with integrated energy management technologies designed to improve system performance, monitoring and reliability.

The company also offers battery storage systems, electric vehicle chargers and software that enables customers, installers and utilities to monitor and manage distributed energy resources.