Vivint Solar, Inc. (VSLR) Receives $4.71 Consensus Price Target from Brokerages

Shares of Vivint Solar, Inc. (NYSE:VSLR) have been assigned a consensus recommendation of “Hold” from the ten ratings firms that are presently covering the stock, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, four have issued a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $4.71.

A number of analysts recently weighed in on VSLR shares. BidaskClub lowered shares of Vivint Solar from a “hold” rating to a “sell” rating in a report on Thursday, September 28th. Zacks Investment Research raised shares of Vivint Solar from a “hold” rating to a “buy” rating and set a $5.25 target price on the stock in a report on Saturday, August 12th. TheStreet raised shares of Vivint Solar from a “d” rating to a “c” rating in a report on Monday, October 2nd. Deutsche Bank AG lowered shares of Vivint Solar from a “buy” rating to a “hold” rating and set a $6.00 target price on the stock. in a report on Wednesday, August 9th. Finally, ValuEngine lowered shares of Vivint Solar from a “hold” rating to a “sell” rating in a report on Friday, September 1st.

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Shares of Vivint Solar (VSLR) traded down 3.95% on Wednesday, hitting $3.65. 288,148 shares of the stock traded hands. Vivint Solar has a 52 week low of $2.50 and a 52 week high of $6.09. The stock has a 50 day moving average price of $4.25 and a 200-day moving average price of $4.05. The stock has a market cap of $417.80 million, a price-to-earnings ratio of 7.67 and a beta of -0.34.

Vivint Solar (NYSE:VSLR) last announced its quarterly earnings results on Tuesday, August 8th. The semiconductor company reported ($0.33) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.40) by $0.07. The company had revenue of $73.00 million for the quarter, compared to analysts’ expectations of $65.41 million. Vivint Solar had a net margin of 26.35% and a negative return on equity of 26.46%. Vivint Solar’s revenue was up 109.2% compared to the same quarter last year. During the same period in the prior year, the company posted $0.12 EPS. On average, equities research analysts forecast that Vivint Solar will post ($1.48) EPS for the current year.

In other 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 value of $282,931.30. Following the transaction, the chief operating officer now owns 349,670 shares of the company’s stock, valued at approximately $1,905,701.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider L. Chance Allred sold 60,764 shares of the stock in a transaction on Monday, July 17th. The stock was sold at an average price of $5.18, for a total transaction of $314,757.52. Following the completion of the transaction, the insider now directly owns 91,463 shares in the company, valued at approximately $473,778.34. The disclosure for this sale can be found here. Insiders have sold a total of 346,728 shares of company stock worth $1,828,386 in the last ninety days. 4.50% of the stock is currently owned by insiders.

Several large investors have recently modified their holdings of the company. Raymond James Financial Services Advisors Inc. increased its holdings in shares of Vivint Solar by 0.3% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 73,459 shares of the semiconductor company’s stock worth $430,000 after buying an additional 200 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in shares of Vivint Solar by 0.6% in the 1st quarter. Bank of New York Mellon Corp now owns 152,176 shares of the semiconductor company’s stock worth $426,000 after buying an additional 914 shares during the last quarter. Rhumbline Advisers increased its holdings in shares of Vivint Solar by 9.8% in the 2nd quarter. Rhumbline Advisers now owns 28,571 shares of the semiconductor company’s stock worth $167,000 after buying an additional 2,549 shares during the last quarter. Teachers Advisors LLC increased its holdings in shares of Vivint Solar by 6.8% in the 2nd quarter. Teachers Advisors LLC now owns 47,791 shares of the semiconductor company’s stock worth $280,000 after buying an additional 3,062 shares during the last quarter. Finally, Alliancebernstein L.P. increased its holdings in shares of Vivint Solar by 9

A number of analysts recently weighed in on VSLR shares. BidaskClub lowered shares of Vivint Solar from a “hold” rating to a “sell” rating in a report on Thursday, September 28th. Zacks Investment Research raised shares of Vivint Solar from a “hold” rating to a “buy” rating and set a $5.25 target price on the stock in a report on Saturday, August 12th. TheStreet raised shares of Vivint Solar from a “d” rating to a “c” rating in a report on Monday, October 2nd. Deutsche Bank AG lowered shares of Vivint Solar from a “buy” rating to a “hold” rating and set a $6.00 target price on the stock. in a report on Wednesday, August 9th. Finally, ValuEngine lowered shares of Vivint Solar from a “hold” rating to a “sell” rating in a report on Friday, September 1st.

COPYRIGHT VIOLATION NOTICE: This piece was originally published by The Ledger Gazette and is the property of of The Ledger Gazette. If you are reading this piece on another publication, it was copied illegally and republished in violation of U.S. & international copyright & trademark laws. The correct version of this piece can be viewed at https://ledgergazette.com/2017/10/09/vivint-solar-inc-vslr-receives-4-71-consensus-price-target-from-brokerages.html.

Shares of Vivint Solar (VSLR) traded down 3.95% on Wednesday, hitting $3.65. 288,148 shares of the stock traded hands. Vivint Solar has a 52 week low of $2.50 and a 52 week high of $6.09. The stock has a 50 day moving average price of $4.25 and a 200-day moving average price of $4.05. The stock has a market cap of $417.80 million, a price-to-earnings ratio of 7.67 and a beta of -0.34.

Vivint Solar (NYSE:VSLR) last announced its quarterly earnings results on Tuesday, August 8th. The semiconductor company reported ($0.33) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.40) by $0.07. The company had revenue of $73.00 million for the quarter, compared to analysts’ expectations of $65.41 million. Vivint Solar had a net margin of 26.35% and a negative return on equity of 26.46%. Vivint Solar’s revenue was up 109.2% compared to the same quarter last year. During the same period in the prior year, the company posted $0.12 EPS. On average, equities research analysts forecast that Vivint Solar will post ($1.48) EPS for the current year.

In other 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 value of $282,931.30. Following the transaction, the chief operating officer now owns 349,670 shares of the company’s stock, valued at approximately $1,905,701.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider L. Chance Allred sold 60,764 shares of the stock in a transaction on Monday, July 17th. The stock was sold at an average price of $5.18, for a total transaction of $314,757.52. Following the completion of the transaction, the insider now directly owns 91,463 shares in the company, valued at approximately $473,778.34. The disclosure for this sale can be found here. Insiders have sold a total of 346,728 shares of company stock worth $1,828,386 in the last ninety days. 4.50% of the stock is currently owned by insiders.

Several large investors have recently modified their holdings of the company. Raymond James Financial Services Advisors Inc. increased its holdings in shares of Vivint Solar by 0.3% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 73,459 shares of the semiconductor company’s stock worth $430,000 after buying an additional 200 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in shares of Vivint Solar by 0.6% in the 1st quarter. Bank of New York Mellon Corp now owns 152,176 shares of the semiconductor company’s stock worth $426,000 after buying an additional 914 shares during the last quarter. Rhumbline Advisers increased its holdings in shares of Vivint Solar by 9.8% in the 2nd quarter. Rhumbline Advisers now owns 28,571 shares of the semiconductor company’s stock worth $167,000 after buying an additional 2,549 shares during the last quarter. Teachers Advisors LLC increased its holdings in shares of Vivint Solar by 6.8% in the 2nd quarter. Teachers Advisors LLC now owns 47,791 shares of the semiconductor company’s stock worth $280,000 after buying an additional 3,062 shares during the last quarter. Finally, Alliancebernstein L.P. increased its holdings in shares of Vivint Solar by 9.0% in the 2nd quarter. Alliancebernstein L.P. now owns 88,700 shares of the semiconductor company’s stock worth $519,000 after buying an additional 7,300 shares during the last quarter. 95.50% of the stock is currently owned by hedge funds and other institutional investors.

About Vivint Solar

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.

Analyst Recommendations for Vivint Solar (NYSE:VSLR)

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