Vivint Solar, Inc. (NYSE:VSLR) has been given an average rating of “Hold” by the nine brokerages that are covering the stock, MarketBeat reports. Three analysts have rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $4.71.

A number of equities research analysts have commented on VSLR shares. Guggenheim started coverage on Vivint Solar in a report on Wednesday, September 27th. They issued a “buy” rating and a $5.00 target price for the company. 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 research report on Wednesday, August 9th. BidaskClub downgraded shares of Vivint Solar from a “hold” rating to a “sell” rating in a report on Thursday, September 28th. Goldman Sachs Group, Inc. (The) upgraded shares of Vivint Solar from a “neutral” rating to a “buy” rating and raised their price objective for the company from $3.50 to $6.00 in a research note on Tuesday, June 20th. Finally, Zacks Investment Research raised shares of Vivint Solar from a “hold” rating to a “buy” rating and set a $5.25 price objective on the stock in a report on Saturday, August 12th.

Shares of Vivint Solar (VSLR) traded up 4.11% during mid-day trading on Wednesday, reaching $3.80. The company’s stock had a trading volume of 86,018 shares. The company has a market capitalization of $434.97 million, a price-to-earnings ratio of 7.98 and a beta of -0.35. Vivint Solar has a 1-year low of $2.50 and a 1-year high of $6.09. The company’s 50 day moving average price is $4.37 and its 200-day moving average price is $4.02.

Vivint Solar (NYSE:VSLR) last posted its quarterly earnings results on Tuesday, August 8th. The semiconductor company reported ($0.33) EPS for the quarter, beating the consensus estimate of ($0.40) by $0.07. Vivint Solar had a negative return on equity of 26.46% and a net margin of 26.35%. The business had revenue of $73.00 million during the quarter, compared to analysts’ expectations of $65.41 million. During the same period last year, the firm earned $0.12 EPS. The company’s quarterly revenue was up 109.2% compared to the same quarter last year. Analysts predict that Vivint Solar will post ($1.48) earnings per share for the current fiscal year.

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In other news, COO Bryan Christiansen sold 27,033 shares of the business’s stock in a transaction on Thursday, July 6th. The stock was sold at an average price of $5.50, for a total value of $148,681.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Thomas G. Plagemann sold 6,550 shares of the business’s stock in a transaction on Monday, July 17th. The stock was sold at an average price of $5.45, for a total value of $35,697.50. Following the completion of the transaction, the executive vice president now directly owns 199,326 shares of the company’s stock, valued at $1,086,326.70. The disclosure for this sale can be found here. Over the last three months, insiders sold 373,761 shares of company stock worth $1,977,068. 4.50% of the stock is owned by corporate insiders.

Large investors have recently modified their holdings of the company. Dynamic Technology Lab Private Ltd boosted its stake in shares of Vivint Solar by 75.3% during the second quarter. Dynamic Technology Lab Private Ltd now owns 19,161 shares of the semiconductor company’s stock valued at $112,000 after acquiring an additional 8,233 shares during the last quarter. Rhumbline Advisers raised its stake in Vivint Solar by 9.8% in the 2nd quarter. Rhumbline Advisers now owns 28,571 shares of the semiconductor company’s stock valued at $167,000 after purchasing an additional 2,549 shares during the last quarter. Raymond James Financial Services Advisors Inc. raised its stake in Vivint Solar by 1.4% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 73,259 shares of the semiconductor company’s stock valued at $205,000 after purchasing an additional 1,000 shares during the last quarter. JPMorgan Chase & Co. acquired a new position in Vivint Solar in the 2nd quarter valued at about $278,000. Finally, Teachers Advisors LLC raised its stake in Vivint Solar by 6.8% in the 2nd quarter. Teachers Advisors LLC now owns 47,791 shares of the semiconductor company’s stock valued at $280,000 after purchasing an additional 3,062 shares during the last quarter. Institutional investors and hedge funds own 95.50% of the company’s stock.

Vivint Solar Company Profile

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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