BidaskClub lowered shares of Vivint Solar Inc (NYSE:VSLR) from a buy rating to a hold rating in a report released on Thursday morning.
Other equities analysts have also recently issued reports about the stock. Goldman Sachs Group, Inc. (The) upgraded shares of Vivint Solar from a neutral rating to a buy rating and upped their price target for the company from $3.50 to $6.00 in a research report on Tuesday, June 20th. Zacks Investment Research upgraded shares of Vivint Solar from a hold rating to a buy rating and set a $5.25 price target for the company in a research report on Saturday, August 12th. Deutsche Bank AG cut shares of Vivint Solar from a buy rating to a hold rating and set a $6.00 price target for the company. in a research report on Wednesday, August 9th. Finally, ValuEngine upgraded shares of Vivint Solar from a sell rating to a hold rating in a research report on Wednesday, June 21st. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company’s stock. The stock currently has an average rating of Hold and a consensus target price of $4.65.
Vivint Solar (NYSE:VSLR) opened at 4.10 on Thursday. The stock’s 50 day moving average is $4.81 and its 200-day moving average is $3.95. Vivint Solar has a 12 month low of $2.50 and a 12 month high of $6.09. The company has a market capitalization of $469.31 million, a PE ratio of 8.61 and a beta of -0.23.
Vivint Solar (NYSE:VSLR) last announced its quarterly earnings results on Tuesday, August 8th. The semiconductor company reported ($0.33) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.40) by $0.07. Vivint Solar had a negative net margin of 50.76% and a positive return on equity of 3.46%. The firm had revenue of $73.00 million during the quarter, compared to analysts’ expectations of $65.41 million. During the same period in the prior year, the company posted $0.12 EPS. The company’s revenue was up 109.2% on a year-over-year basis. On average, analysts expect that Vivint Solar will post ($1.48) EPS for the current year.
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In related news, COO Bryan Christiansen sold 51,914 shares of the stock in a transaction on Thursday, July 13th. The shares were sold at an average price of $5.45, for a total transaction of $282,931.30. Following the transaction, the chief operating officer now directly owns 349,670 shares of the company’s stock, valued at $1,905,701.50. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CRO Paul S. Dickson sold 130,000 shares of the stock in a transaction on Monday, July 17th. The stock was sold at an average price of $5.25, for a total transaction of $682,500.00. Following the transaction, the executive now directly owns 307,015 shares in the company, valued at $1,611,828.75. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 391,761 shares of company stock worth $2,062,928. Insiders own 4.50% of the company’s stock.
A number of hedge funds and other institutional investors have recently modified their holdings of VSLR. Bank of New York Mellon Corp boosted its stake in Vivint Solar by 0.6% during the first quarter. Bank of New York Mellon Corp now owns 152,176 shares of the semiconductor company’s stock worth $426,000 after acquiring an additional 914 shares in the last quarter. Parametric Portfolio Associates LLC boosted its stake in Vivint Solar by 235.2% during the first quarter. Parametric Portfolio Associates LLC now owns 201,415 shares of the semiconductor company’s stock worth $564,000 after acquiring an additional 141,329 shares in the last quarter. Raymond James Financial Services Advisors Inc. boosted its stake in Vivint Solar by 1.4% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 73,259 shares of the semiconductor company’s stock worth $205,000 after acquiring an additional 1,000 shares in the last quarter. OMERS ADMINISTRATION Corp bought a new position in Vivint Solar during the first quarter worth $118,000. Finally, Neuberger Berman Group LLC boosted its stake in Vivint Solar by 108.3% during the first quarter. Neuberger Berman Group LLC now owns 101,935 shares of the semiconductor company’s stock worth $285,000 after acquiring an additional 53,000 shares in the last quarter. 95.15% of the stock is currently owned by institutional investors and hedge funds.
Vivint Solar Company Profile
Vivint Solar, Inc offers distributed solar energy, electricity generated by a solar energy system installed at or near customers’ locations, to residential customers. Through investment funds, the Company owns solar energy systems it installs and provides solar electricity pursuant to long-term contracts with its customers.
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