Shares of Solaredge Technologies Inc (NASDAQ:SEDG) have been assigned a consensus rating of “Hold” from the fifteen research firms that are presently covering the company. Three analysts have rated the stock with a sell rating, four have issued a hold rating, six have issued a buy rating and one has issued a strong buy rating on the company. The average 12 month price objective among brokers that have covered the stock in the last year is $19.45.
A number of equities research analysts have issued reports on the stock. Goldman Sachs Group Inc reiterated a “sell” rating on shares of Solaredge Technologies in a research note on Friday, February 10th. TheStreet upgraded shares of Solaredge Technologies from a “d” rating to a “c” rating in a research note on Wednesday, April 26th. JMP Securities upgraded shares of Solaredge Technologies from a “market perform” rating to an “outperform” rating and set a $19.00 price objective on the stock in a research note on Friday, March 3rd. Roth Capital reiterated a “neutral” rating and set a $14.00 price objective on shares of Solaredge Technologies in a research note on Tuesday, February 14th. Finally, FBR & Co reiterated a “market perform” rating and set a $17.00 price objective on shares of Solaredge Technologies in a research note on Wednesday, February 15th.
In other news, VP Yoav Galin sold 120,000 shares of the stock in a transaction dated Monday, March 27th. The shares were sold at an average price of $14.27, for a total value of $1,712,400.00. Following the completion of the transaction, the vice president now owns 540,838 shares of the company’s stock, valued at $7,717,758.26. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 26.52% of the stock is currently owned by corporate insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. AQR Capital Management LLC bought a new position in Solaredge Technologies during the fourth quarter worth approximately $138,000. Koch Industries Inc. bought a new position in Solaredge Technologies during the fourth quarter worth approximately $141,000. CAPROCK Group Inc. bought a new position in Solaredge Technologies during the first quarter worth approximately $196,000. Fox Run Management L.L.C. bought a new position in Solaredge Technologies during the first quarter worth approximately $206,000. Finally, Wells Fargo & Company MN boosted its position in Solaredge Technologies by 187.4% in the first quarter. Wells Fargo & Company MN now owns 18,679 shares of the semiconductor company’s stock worth $292,000 after buying an additional 12,179 shares during the period. 61.51% of the stock is owned by hedge funds and other institutional investors.
Solaredge Technologies (NASDAQ:SEDG) traded up 1.59% during trading on Monday, hitting $15.95. 526,486 shares of the stock were exchanged. Solaredge Technologies has a 52 week low of $11.35 and a 52 week high of $22.96. The stock has a market capitalization of $658.18 million, a price-to-earnings ratio of 13.75 and a beta of -0.25. The firm has a 50-day moving average of $15.46 and a 200-day moving average of $14.08.
Solaredge Technologies (NASDAQ:SEDG) last announced its quarterly earnings data on Tuesday, February 14th. The semiconductor company reported $0.32 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.33 by $0.01. The firm had revenue of $111.50 million for the quarter, compared to analyst estimates of $115.82 million. Solaredge Technologies had a return on equity of 29.93% and a net margin of 15.46%. The company’s quarterly revenue was down 10.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.44 earnings per share. Equities research analysts anticipate that Solaredge Technologies will post $1.28 earnings per share for the current fiscal year.
Solaredge Technologies Company Profile
SolarEdge Technologies, Inc offers an inverter solution for a solar photovoltaic (PV) system. The Company’s products include SolarEdge Power Optimizer, SolarEdge Inverter, StorEdge Solutions and SolarEdge Monitoring Software. Its product roadmap consists of categories, including power optimizers, inverters, monitoring services, energy storage and smart energy management.