Swedbank Robur Fonder AB has recently announced that it has increased stake in Enphase Energy Inc (NASDAQ:ENPH) by 6.26%. After grabbing 3.51 million shares, the institutional investor is now in possession of 0.21 million shares of the Technology Company. The new investment brought the stake of investor firm to 2.57% having worth around $354.71 million. Moreover, BlackRock Advisors increased its share by 23985.0 to have a control over 3.22 million shares. And Invesco Capital Management LLC raised its holdings to 0.57 million shares by acquiring 3.13 million shares or 2.29% of the stake.
Enphase Energy Inc (ENPH) concluded trading on 01/03/24 at a closing price of $122.63, with 5.99 million shares of worth about $734.54 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -25.83% during that period and on Wednesday the price saw a loss of about -6.56%. Currently the company’s common shares owned by public are about 136.44M shares, out of which, 131.40M shares are available for trading.
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A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 41 analysts are covering the ENPH stock and their offered price forecasts bring an average price target of $121.15. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $166.00 and could fall to a lowest price of $76.00. The stock’s current price level is -1.22% below of average price target set by the analysts, while a dip to estimated low would result in loss of -61.36% for the stock. However, touching the estimated high of $166.00 would mean a gain of 26.13% for the stock.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 66 times over the past 12 months. They bought 1,806,468 shares in 43 of the transactions. In 23 selling transactions, insiders dumped 244,212 shares.
Vanguard Total Stock Market ETF, Vanguard 500 Index Fund, and Vanguard Mid Cap Index Fund are the top 3 mutual funds which are holding stakes in Enphase Energy Inc Vanguard Total Stock Market ETF is currently holding 4.05 million shares of worth totaling $409.63 million. The company recently came buying 4958.0 shares which brought its stake up to 2.97% of the company’s outstanding shares. Vanguard 500 Index Fund bought 14385.0 shares, after which its hold over company’s outstanding shares expand to 2.41%, leaving 3.29 million shares with the mutual fund that have a worth of about $332.49 million. Vanguard Mid Cap Index Fund, after buying 2.94 million shares, have now control over 2.15% of the stake in the company. It holds 6819.0 shares of worth $297.11 million.
Enphase Energy Inc (NASDAQ: ENPH) started trading at $126.82, below -$4.42 from concluding price of the previous day. However, the stock later moved at a day high price of 127.30, or with a loss of -6.56%. Stock saw a price change of -10.71% in past 5 days and over the past one month there was a price change of 15.12%. Year-to-date (YTD), ENPH shares are showing a performance of -7.20% which decreased to -53.72% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $73.49 but also hit the highest price of $271.72 during that period. The average intraday trading volume for Enphase Energy Inc shares is 5.59 million. The stock is currently trading 1.46% above its 20-day simple moving average (SMA20), while that difference is up 19.97% for SMA50 and it goes to -15.60% lower than SMA200.
Swedbank Robur Fonder AB acquired 3.51 million shares of Enphase Energy Inc having value of about $354.71 million. Data submitted at the U.S SEC by Swedbank Robur Fonder AB revealed that the firm now holds 0.21 million shares in the company valued at close to $25384410.0, or have control over 6.26% stake in the company. Enphase Energy Inc (NASDAQ: ENPH) currently have 136.44M outstanding shares and institutions hold larger chunk of about 73.98% of that. Holding of mutual funds in the company is about 27.58% while other institutional holders and individual stake holders have control over 50.05% and 17.95% of the stake respectively.
The stock has a current market capitalization of $16.75B and its 3Y-monthly beta is at 1.48. PE ratio of stock for trailing 12 months is 30.88, while it has posted earnings per share of $3.97 in the same period. Its PEG reads 2.83 and has Quick Ratio of 3.13 while making debt-to-equity ratio of 1.30. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for ENPH, volatility over the week remained 4.08% while standing at 5.33% over the month.
Analysts are in expectations that Enphase Energy Inc (ENPH) stock would likely to be making an EPS of $ONCOLOGY PHARMA INC in the current quarter, while forecast for next quarter EPS is $0.00 and it is $Stocks for next year. For the current quarter EPS, analysts have given the company a lowest target $Nephros, Inc. which is $ENERGY HARBOR CORP at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $ENPHASE ENERGY INC.DL-,01 in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -2.96% while it is estimated to decrease by -5.00% in next year.
Analysts at 41 brokerage firms have issued recommendations for the Enphase Energy Inc (ENPH)’s stock and average of those rates the stock at a “Moderate Buy” and assign it a score of 2.10. Out of those 41 Wall Street analysts, 17 recommended a “Buy” rating, while 19 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Jefferies on December 15, 2023 offering a Buy rating for the stock and assigned a target price of $121 to it.
