SolarEdge Technologies (NASDAQ:SEDG) PT Lowered to $27.00

SolarEdge Technologies (NASDAQ:SEDG) had its price objective lowered by Roth Mkm from $55.00 to $27.00 in a research report report published on Tuesday morning, MarketBeat Ratings reports. Roth Mkm currently has a neutral rating on the semiconductor company’s stock.

Several other equities research analysts also recently weighed in on SEDG. Canaccord Genuity Group lowered their target price on shares of SolarEdge Technologies from $58.00 to $38.00 and set a hold rating for the company in a research note on Tuesday, June 25th. The Goldman Sachs Group dropped their target price on SolarEdge Technologies from $49.00 to $25.00 and set a sell rating on the stock in a research note on Thursday, June 27th. Mizuho decreased their price target on SolarEdge Technologies from $104.00 to $84.00 and set a buy rating for the company in a research note on Friday, May 10th. BMO Capital Markets cut their price objective on shares of SolarEdge Technologies from $73.00 to $56.00 and set a market perform rating on the stock in a report on Thursday, May 9th. Finally, TD Cowen lowered their target price on shares of SolarEdge Technologies from $85.00 to $80.00 and set a buy rating for the company in a research note on Thursday, May 9th. Four investment analysts have rated the stock with a sell rating, twenty-four have given a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of Hold and an average target price of $69.58.

SolarEdge Technologies Trading Up 0.4 %

Shares of NASDAQ SEDG opened at $27.57 on Tuesday. SolarEdge Technologies has a 1-year low of $23.51 and a 1-year high of $248.82. The business has a fifty day moving average price of $36.07 and a 200 day moving average price of $56.34. The stock has a market capitalization of $1.58 billion, a P/E ratio of -5.93 and a beta of 1.52. The company has a debt-to-equity ratio of 0.30, a current ratio of 4.54 and a quick ratio of 2.19.

SolarEdge Technologies (NASDAQ:SEDG) last announced its earnings results on Wednesday, May 8th. The semiconductor company reported ($2.42) EPS for the quarter, missing analysts’ consensus estimates of ($2.07) by ($0.35). SolarEdge Technologies had a negative return on equity of 6.43% and a negative net margin of 11.68%. The firm had revenue of $204.40 million during the quarter, compared to the consensus estimate of $194.82 million. Equities research analysts expect that SolarEdge Technologies will post -6.76 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Manchester Capital Management LLC increased its holdings in SolarEdge Technologies by 1,345.0% in the 4th quarter. Manchester Capital Management LLC now owns 289 shares of the semiconductor company’s stock worth $27,000 after acquiring an additional 269 shares in the last quarter. GAMMA Investing LLC acquired a new stake in shares of SolarEdge Technologies in the fourth quarter valued at about $30,000. Compagnie Lombard Odier SCmA increased its stake in shares of SolarEdge Technologies by 250.0% during the fourth quarter. Compagnie Lombard Odier SCmA now owns 700 shares of the semiconductor company’s stock worth $66,000 after purchasing an additional 500 shares in the last quarter. Versant Capital Management Inc raised its position in shares of SolarEdge Technologies by 1,066.7% during the 1st quarter. Versant Capital Management Inc now owns 700 shares of the semiconductor company’s stock worth $50,000 after purchasing an additional 640 shares during the last quarter. Finally, EntryPoint Capital LLC purchased a new position in SolarEdge Technologies in the 1st quarter valued at about $64,000. Hedge funds and other institutional investors own 95.10% of the company’s stock.

About SolarEdge Technologies

SolarEdge Technologies, Inc, together with its subsidiaries, designs, develops, manufactures, and sells direct current (DC) optimized inverter systems for solar photovoltaic (PV) installations in the United States, Germany, the Netherlands, Italy, rest of Europe, and internationally. It operates in two segments, Solar and Energy Storage.