Vivint Solar, Inc. (VSLR) Receives Consensus Recommendation of “Hold” from Analysts
Shares of Vivint Solar, Inc. (NYSE:VSLR) have been assigned a consensus recommendation of “Hold” from the eight research firms that are currently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, four have given a hold recommendation and three have issued a buy recommendation on the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $4.65.
VSLR has been the subject of a number of research reports. ValuEngine upgraded shares of Vivint Solar from a “sell” rating to a “hold” rating in a research report on Wednesday, June 21st. BidaskClub cut shares of Vivint Solar from a “strong-buy” rating to a “buy” rating in a research report on Friday. Zacks Investment Research upgraded shares of Vivint Solar from a “hold” rating to a “buy” rating and set a $3.25 target price for the company in a research report on Thursday, May 11th. Credit Suisse Group set a $4.00 target price on shares of Vivint Solar and gave the stock a “hold” rating in a research report on Monday, May 8th. Finally, Goldman Sachs Group, Inc. (The) upgraded shares of Vivint Solar from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $3.50 to $6.00 in a research report on Tuesday, June 20th.
Vivint Solar (NYSE:VSLR) traded down 1.05% during mid-day trading on Tuesday, hitting $4.70. 140,694 shares of the stock were exchanged. The company has a 50-day moving average price of $5.37 and a 200-day moving average price of $3.70. Vivint Solar has a one year low of $2.50 and a one year high of $6.09. The company has a market cap of $537.99 million, a P/E ratio of 9.87 and a beta of -0.25.
Vivint Solar (NYSE:VSLR) last announced its earnings results on Tuesday, August 8th. The semiconductor company reported ($0.33) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.40) by $0.07. The company had revenue of $73 million during 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%. The firm’s quarterly revenue was up 109.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.12 earnings per share. Analysts forecast that Vivint Solar will post ($1.48) earnings per share for the current fiscal year.
COPYRIGHT VIOLATION NOTICE: This piece of content was first published by American Banking News and is the property of of American Banking News. If you are viewing this piece of content on another domain, it was copied illegally and reposted in violation of US & international copyright & trademark laws. The legal version of this piece of content can be viewed at https://www.americanbankingnews.com/2017/08/15/vivint-solar-inc-vslr-receives-consensus-recommendation-of-hold-from-analysts.html.
In other news, CFO Dana C. Russell sold 62,500 shares of Vivint Solar stock in a transaction dated Monday, July 17th. The shares were sold at an average price of $5.26, for a total transaction of $328,750.00. Following the completion of the sale, the chief financial officer now directly owns 281,750 shares in the company, valued at $1,482,005. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, COO Bryan Christiansen sold 27,033 shares of Vivint Solar stock in a transaction dated Thursday, July 6th. The stock was sold at an average price of $5.50, for a total transaction of $148,681.50. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 504,861 shares of company stock valued at $2,410,242. Insiders own 4.50% of the company’s stock.
Several large investors have recently modified their holdings of VSLR. Alliancebernstein L.P. increased its stake in shares of Vivint Solar by 9.0% in the second 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 period. JPMorgan Chase & Co. bought a new stake in Vivint Solar during the second quarter worth about $278,000. Neuberger Berman Group LLC increased its stake in Vivint Solar by 31.4% in the second quarter. Neuberger Berman Group LLC now owns 133,935 shares of the semiconductor company’s stock worth $784,000 after buying an additional 32,000 shares during the last quarter. GCA Investment Management LLC bought a new stake in Vivint Solar during the second quarter worth about $4,556,000. Finally, Rhumbline Advisers increased its stake in Vivint Solar by 9.8% in the second 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. Institutional investors and hedge funds own 94.45% of the company’s stock.
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.