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.

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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.

Analyst Recommendations for Vivint Solar (NYSE:VSLR)

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