Vivint Solar, Inc. (NYSE:VSLR) was downgraded by equities researchers at BidaskClub from a “strong-buy” rating to a “buy” rating in a report issued on Friday.
VSLR has been the subject of a number of other research reports. Deutsche Bank AG downgraded 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. Goldman Sachs Group, Inc. (The) upgraded Vivint Solar from a “neutral” rating to a “buy” rating and increased their price objective for the company from $3.50 to $6.00 in a research report on Tuesday, June 20th. Credit Suisse Group set a $4.00 price objective on Vivint Solar and gave the company a “hold” rating in a research report on Monday, May 8th. Zacks Investment Research upgraded Vivint Solar from a “hold” rating to a “buy” rating and set a $3.25 price objective for the company in a research report on Thursday, May 11th. Finally, ValuEngine upgraded Vivint Solar from a “sell” rating to a “hold” rating in a research report on Wednesday, June 21st. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $5.04.
Vivint Solar (NYSE VSLR) traded down 1.613% during mid-day trading on Friday, hitting $4.575. The stock had a trading volume of 50,091 shares. The stock has a market cap of $523.68 million, a price-to-earnings ratio of 9.611 and a beta of -0.25. The company has a 50-day moving average of $5.42 and a 200-day moving average of $3.67. Vivint Solar has a 12-month low of $2.50 and a 12-month high of $6.10.
Vivint Solar (NYSE:VSLR) last announced its quarterly earnings data on Tuesday, August 8th. The semiconductor company reported ($0.33) EPS for the quarter, beating analysts’ consensus estimates of ($0.40) by $0.07. Vivint Solar had a negative return on equity of 26.58% and a net margin of 26.35%. The company had revenue of $73 million during the quarter, compared to the consensus estimate of $65.41 million. During the same quarter in the prior year, the firm earned $0.12 EPS. The company’s quarterly revenue was up 109.2% compared to the same quarter last year. On average, analysts anticipate that Vivint Solar will post ($1.48) earnings per share for the current fiscal year.
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In other news, EVP Thomas G. Plagemann sold 46,000 shares of the stock in a transaction on Friday, May 26th. The stock was sold at an average price of $3.06, for a total value of $140,760.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Bryan Christiansen sold 51,914 shares of the stock in a transaction on Thursday, July 13th. The shares were sold at an average price of $5.45, for a total value of $282,931.30. Following the completion of the sale, the chief operating officer now owns 349,670 shares of the company’s stock, valued at approximately $1,905,701.50. The disclosure for this sale can be found here. Insiders sold 504,861 shares of company stock valued at $2,410,242 in the last 90 days. Corporate insiders own 4.50% of the company’s stock.
Several hedge funds have recently added to or reduced their stakes in the stock. IPG Investment Advisors LLC acquired a new stake in Vivint Solar during the first quarter worth about $112,000. OMERS ADMINISTRATION Corp acquired a new stake in Vivint Solar during the first quarter worth about $118,000. Rhumbline Advisers raised 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. Raymond James Financial Services Advisors Inc. raised its stake in Vivint Solar by 1.4% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 73,259 shares of the semiconductor company’s stock worth $205,000 after buying an additional 1,000 shares during the last quarter. Finally, JPMorgan Chase & Co. acquired a new stake in Vivint Solar during the second quarter worth about $278,000. Institutional investors own 93.72% 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.
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