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enphase energy faces analyst downgrades amid insider stock sales and hedge fund activity
Enphase Energy has seen a 1.65% decrease in insider ownership following significant stock sales by Director Thurman J. Rodgers and CFO Mandy Yang. Hedge funds now hold 72.12% of the company, with recent investments from firms like Quarry LP and Venturi Wealth Management. Analysts have lowered price targets for the stock, with a consensus rating of "Hold" and an average target of $90.36, while shares currently trade at $60.15, down 4.2%.
enphase energy reports strong earnings amid insider stock sales and market fluctuations
Enphase Energy, Inc. (NASDAQ:ENPH) reported a quarterly EPS of $0.57, surpassing estimates, with a net margin of 7.72% and a return on equity of 15.62%. Despite recent insider sales, analysts maintain a "Hold" rating, with an average target price of $90.42. The stock has a 52-week range of $51.63 to $141.63, currently trading around $61.38.
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