Vivint Solar, Inc. (NYSE:VSLR) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Thursday.

According to Zacks, “Vivint Solar Inc. is a provider of residential solar energy systems in the United States. It designs, installs, and maintains cost-effective solar energy systems. The Company also offers photovoltaic installation software products and devices. Vivint Solar, Inc. is headquartered in Provo, Utah. “

A number of other research firms also recently issued reports on VSLR. ValuEngine raised Vivint Solar from a “sell” rating to a “hold” rating in a research report on Wednesday, June 21st. Deutsche Bank AG downgraded Vivint Solar from a “buy” rating to a “hold” rating and set a $6.00 target price for the company. in a research report on Wednesday, August 9th. BidaskClub downgraded Vivint Solar from a “strong-buy” rating to a “buy” rating in a research report on Friday, August 11th. Goldman Sachs Group, Inc. (The) raised Vivint Solar from a “neutral” rating to a “buy” rating and raised their target price for the stock from $3.50 to $6.00 in a research report on Tuesday, June 20th. Finally, TheStreet raised Vivint Solar from a “d” rating to a “c” rating in a research report on Monday, October 2nd. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $4.71.

Shares of Vivint Solar (NYSE:VSLR) traded down 1.33% on Thursday, reaching $3.70. The company’s stock had a trading volume of 15,220 shares. Vivint Solar has a 52-week low of $2.50 and a 52-week high of $6.09. The stock has a market cap of $423.52 million, a P/E ratio of 7.77 and a beta of -0.35. The firm’s 50 day moving average is $4.20 and its 200-day moving average is $4.05.

Vivint Solar (NYSE:VSLR) last released its earnings results on Tuesday, August 8th. The semiconductor company reported ($0.33) earnings per share (EPS) for the quarter, topping the Zacks’ 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 the consensus estimate of $65.41 million. During the same period last year, the business posted $0.12 earnings per share. The business’s revenue for the quarter was up 109.2% on a year-over-year basis. On average, equities research analysts forecast that Vivint Solar will post ($1.48) EPS for the current year.

ILLEGAL ACTIVITY NOTICE: This story was originally published by American Banking News and is the sole property of of American Banking News. If you are viewing this story on another website, it was copied illegally and reposted in violation of United States & international trademark and copyright legislation. The original version of this story can be accessed at https://www.americanbankingnews.com/2017/10/12/zacks-investment-research-downgrades-vivint-solar-inc-vslr-to-hold.html.

In other news, CEO David Bywater sold 35,000 shares of Vivint Solar stock in a transaction on Monday, July 17th. The stock was sold at an average price of $5.25, for a total value of $183,750.00. Following the completion of the transaction, the chief executive officer now directly owns 620,674 shares in the company, valued at $3,258,538.50. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Thomas G. Plagemann sold 6,550 shares of Vivint Solar stock in a transaction on Monday, July 17th. The shares were 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 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 quarter, insiders sold 294,814 shares of company stock valued at $1,545,455. 4.50% of the stock is owned by company insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in VSLR. GCA Investment Management LLC purchased a new position in shares of Vivint Solar in the second quarter valued at $4,556,000. Vanguard Group Inc. grew its position in shares of Vivint Solar by 23.3% in the second quarter. Vanguard Group Inc. now owns 1,743,605 shares of the semiconductor company’s stock valued at $10,200,000 after purchasing an additional 329,748 shares in the last quarter. Parametric Portfolio Associates LLC grew its position in shares of Vivint Solar by 235.2% in the first quarter. Parametric Portfolio Associates LLC now owns 201,415 shares of the semiconductor company’s stock valued at $564,000 after purchasing an additional 141,329 shares in the last quarter. Virtu KCG Holdings LLC grew its position in shares of Vivint Solar by 456.9% in the second quarter. Virtu KCG Holdings LLC now owns 161,804 shares of the semiconductor company’s stock valued at $947,000 after purchasing an additional 132,751 shares in the last quarter. Finally, Neuberger Berman Group LLC grew its position in shares of Vivint Solar by 108.3% in the first quarter. Neuberger Berman Group LLC now owns 101,935 shares of the semiconductor company’s stock valued at $285,000 after purchasing an additional 53,000 shares in the last quarter. Institutional investors own 95.50% 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.

Get a free copy of the Zacks research report on Vivint Solar (VSLR)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Analyst Recommendations for Vivint Solar (NYSE:VSLR)

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.