Vivint Solar, Inc. (VSLR) Given Consensus Rating of “Hold” by Brokerages
Vivint Solar, Inc. (NYSE:VSLR) has been assigned an average rating of “Hold” from the eight brokerages that are presently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating on the company. The average 12-month price target among brokers that have covered the stock in the last year is $4.71.
A number of research analysts have recently issued reports on VSLR shares. Zacks Investment Research upgraded Vivint Solar from a “hold” rating to a “buy” rating and set a $3.00 price target on the stock in a report on Wednesday, March 22nd. Goldman Sachs Group, Inc. (The) upgraded Vivint Solar from a “neutral” rating to a “buy” rating and lifted their price target for the company from $3.50 to $6.00 in a report on Tuesday, June 20th. ValuEngine upgraded Vivint Solar from a “sell” rating to a “hold” rating in a report on Wednesday, June 21st. Credit Suisse Group set a $4.00 price target on Vivint Solar and gave the company a “hold” rating in a report on Monday, May 8th. Finally, JMP Securities reiterated a “hold” rating on shares of Vivint Solar in a report on Saturday, March 18th.
In other news, CEO David Bywater sold 201,200 shares of the firm’s stock in a transaction on Friday, May 12th. The stock was sold at an average price of $2.84, for a total value of $571,408.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Dana C. Russell sold 149,500 shares of the firm’s stock in a transaction on Friday, May 12th. The stock was sold at an average price of $2.76, for a total value of $412,620.00. Following the completion of the sale, the chief financial officer now directly owns 250,500 shares of the company’s stock, valued at approximately $691,380. The disclosure for this sale can be found here. Insiders sold a total of 481,800 shares of company stock valued at $1,417,202 in the last three months. Insiders own 5.20% of the company’s stock.
Several hedge funds have recently bought and sold shares of VSLR. FMR LLC boosted its stake in Vivint Solar by 8.4% in the fourth quarter. FMR LLC now owns 9,678,104 shares of the semiconductor company’s stock worth $24,679,000 after buying an additional 752,239 shares during the last quarter. Parametric Portfolio Associates LLC boosted its stake in Vivint Solar by 235.2% in the first quarter. Parametric Portfolio Associates LLC now owns 201,415 shares of the semiconductor company’s stock worth $564,000 after buying an additional 141,329 shares during the last quarter. Neuberger Berman Group LLC boosted its stake in Vivint Solar by 108.3% in the first quarter. Neuberger Berman Group LLC now owns 101,935 shares of the semiconductor company’s stock worth $285,000 after buying an additional 53,000 shares during the last quarter. OMERS ADMINISTRATION Corp acquired a new stake in Vivint Solar during the first quarter worth $118,000. Finally, IPG Investment Advisors LLC acquired a new stake in Vivint Solar during the first quarter worth $112,000. 93.77% of the stock is owned by hedge funds and other institutional investors.
Vivint Solar (VSLR) traded up 2.63% during trading on Monday, hitting $5.85. The stock had a trading volume of 139,941 shares. Vivint Solar has a 12 month low of $2.50 and a 12 month high of $5.85. The stock has a 50 day moving average price of $3.20 and a 200-day moving average price of $3.02. The stock has a market cap of $646.87 million, a price-to-earnings ratio of 10.89 and a beta of -0.14.
Vivint Solar (NYSE:VSLR) last announced its quarterly earnings results on Tuesday, May 9th. The semiconductor company reported ($0.50) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.48) by $0.02. Vivint Solar had a net margin of 36.54% and a negative return on equity of 29.10%. The company had revenue of $53.11 million during the quarter, compared to analysts’ expectations of $47.09 million. During the same quarter in the prior year, the business posted ($0.65) earnings per share. The company’s revenue was up 208.2% compared to the same quarter last year. On average, equities analysts predict that Vivint Solar will post ($1.74) EPS for the current year.
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.
Receive News & Ratings for Vivint Solar Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Vivint Solar Inc. and related companies with MarketBeat.com's FREE daily email newsletter.