Shares of Vivint Solar, Inc. (NYSE:VSLR) have been given a consensus recommendation of “Hold” by the eight analysts that are presently covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $4.65.

Several equities research analysts have recently issued reports on the stock. Deutsche Bank AG lowered shares of Vivint Solar from a “buy” rating to a “hold” rating and set a $6.00 price objective for the company. in a research report on Wednesday, August 9th. Goldman Sachs Group, Inc. (The) raised shares of Vivint Solar from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $3.50 to $6.00 in a research report on Tuesday, June 20th. Zacks Investment Research raised shares of Vivint Solar from a “hold” rating to a “buy” rating and set a $5.25 price objective for the company in a research report on Saturday, August 12th. ValuEngine lowered shares of Vivint Solar from a “hold” rating to a “sell” rating in a research report on Friday, September 1st. Finally, BidaskClub lowered shares of Vivint Solar from a “strong-buy” rating to a “buy” rating in a research report on Friday, August 11th.

In other news, insider L. Chance Allred sold 60,764 shares of the firm’s stock in a transaction dated Monday, July 17th. The shares were sold at an average price of $5.18, for a total value of $314,757.52. Following the transaction, the insider now directly owns 91,463 shares in the company, valued at approximately $473,778.34. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, COO Bryan Christiansen sold 27,033 shares of the firm’s 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. Insiders have sold a total of 391,761 shares of company stock worth $2,062,928 over the last quarter. 4.50% of the stock is currently owned by insiders.

Several institutional investors have recently bought and sold shares of the company. Raymond James Financial Services Advisors Inc. lifted its position 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 lifted its position 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 lifted its position 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 lifted its position 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. lifted its position 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. Institutional investors own 95.15% of the company’s stock.

Vivint Solar (VSLR) remained flat at $4.80 during mid-day trading on Friday. 172,394 shares of the company were exchanged. Vivint Solar has a 52 week low of $2.50 and a 52 week high of $6.09. The company’s 50-day moving average is $4.93 and its 200-day moving average is $3.91. The firm has a market capitalization of $549.43 million, a PE ratio of 10.08 and a beta of -0.23.

Vivint Solar (NYSE:VSLR) last posted its quarterly earnings results on Tuesday, August 8th. The semiconductor company reported ($0.33) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.40) by $0.07. The company had revenue of $73 million for the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same quarter last year, the firm posted $0.12 earnings per share. On average, equities research analysts forecast that Vivint Solar will post ($1.48) earnings per share for the current year.

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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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