Several brokerages have updated their recommendations and price targets on shares of Solaredge Technologies (NASDAQ: SEDG) in the last few weeks:

  • 6/7/2018 – Solaredge Technologies was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 6/6/2018 – Solaredge Technologies was downgraded by analysts at ValuEngine from a “strong-buy” rating to a “buy” rating.
  • 5/26/2018 – Solaredge Technologies was given a new $70.00 price target on by analysts at Roth Capital. They now have a “buy” rating on the stock.
  • 5/25/2018 – Solaredge Technologies was downgraded by analysts at BidaskClub from a “strong-buy” rating to a “buy” rating.
  • 5/12/2018 – Solaredge Technologies was given a new $66.00 price target on by analysts at Canaccord Genuity. They now have a “buy” rating on the stock.
  • 5/10/2018 – Solaredge Technologies had its price target raised by analysts at JPMorgan Chase & Co. to $66.00. They now have an “overweight” rating on the stock.
  • 5/10/2018 – Solaredge Technologies had its price target raised by analysts at Oppenheimer Holdings Inc. from $50.00 to $64.00. They now have an “outperform” rating on the stock.
  • 5/10/2018 – Solaredge Technologies was downgraded by analysts at JMP Securities from an “outperform” rating to a “market perform” rating. They now have a $25.00 price target on the stock.
  • 5/10/2018 – Solaredge Technologies was given a new $70.00 price target on by analysts at Roth Capital. They now have a “buy” rating on the stock.
  • 5/10/2018 – Solaredge Technologies had its price target raised by analysts at Needham & Company LLC to $67.00. They now have a “buy” rating on the stock.
  • 5/8/2018 – Solaredge Technologies was given a new $60.00 price target on by analysts at B. Riley. They now have a “buy” rating on the stock.
  • 5/6/2018 – Solaredge Technologies was given a new $55.00 price target on by analysts at Canaccord Genuity. They now have a “buy” rating on the stock.
  • 5/2/2018 – Solaredge Technologies was downgraded by analysts at Vertical Group from a “buy” rating to a “sell” rating.

SEDG traded down $0.35 during trading on Thursday, hitting $51.20. The company had a trading volume of 1,209,274 shares, compared to its average volume of 972,888. Solaredge Technologies Inc has a 1-year low of $19.00 and a 1-year high of $70.74. The stock has a market capitalization of $2.38 billion, a PE ratio of 22.76, a P/E/G ratio of 0.79 and a beta of -0.53.

Solaredge Technologies (NASDAQ:SEDG) last released its earnings results on Wednesday, May 9th. The semiconductor company reported $0.87 earnings per share for the quarter, beating the consensus estimate of $0.80 by $0.07. The firm had revenue of $209.90 million during the quarter, compared to analyst estimates of $204.38 million. Solaredge Technologies had a net margin of 15.06% and a return on equity of 32.27%. The firm’s revenue for the quarter was up 82.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.36 earnings per share. sell-side analysts predict that Solaredge Technologies Inc will post 2.78 earnings per share for the current year.

In related news, VP Rachel Prishkolnik sold 6,400 shares of the stock in a transaction dated Wednesday, March 28th. The shares were sold at an average price of $52.09, for a total value of $333,376.00. Following the completion of the transaction, the vice president now owns 12,500 shares in the company, valued at approximately $651,125. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Meir Adest sold 1,441 shares of the stock in a transaction dated Monday, June 4th. The shares were sold at an average price of $55.49, for a total transaction of $79,961.09. Following the completion of the transaction, the vice president now owns 341,897 shares of the company’s stock, valued at approximately $18,971,864.53. The disclosure for this sale can be found here. Insiders sold a total of 556,674 shares of company stock valued at $32,029,479 in the last quarter. 9.70% of the stock is currently owned by insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Dynamic Technology Lab Private Ltd acquired a new position in shares of Solaredge Technologies in the 1st quarter valued at about $2,845,000. Principal Financial Group Inc. increased its holdings in shares of Solaredge Technologies by 2.8% in the 1st quarter. Principal Financial Group Inc. now owns 278,011 shares of the semiconductor company’s stock valued at $14,623,000 after purchasing an additional 7,643 shares during the period. Navellier & Associates Inc acquired a new position in shares of Solaredge Technologies in the 1st quarter valued at about $1,495,000. Cypress Capital Group acquired a new position in shares of Solaredge Technologies in the 1st quarter valued at about $201,000. Finally, Rational Advisors LLC acquired a new position in shares of Solaredge Technologies in the 1st quarter valued at about $442,000. 63.67% of the stock is owned by institutional investors.

SolarEdge Technologies, Inc, together with its subsidiaries, designs, develops, and sells direct current (DC) optimized inverter systems for solar photovoltaic (PV) installations in Israel, the United States, the Netherlands, Europe, and internationally. The company's DC optimized inverter systems include power optimizers and inverters, as well as a cloud-based monitoring platform.

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