Shares of Vivint Solar Inc (NYSE:VSLR) have been assigned a consensus rating of “Hold” from the ten research firms that are currently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, four have given a hold recommendation and four have issued a buy recommendation on the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $5.10.
Several research analysts recently weighed in on VSLR shares. BidaskClub cut Vivint Solar from a “buy” rating to a “hold” rating in a research note on Thursday, September 14th. Guggenheim started coverage on Vivint Solar in a research note on Wednesday, September 27th. They set a “buy” rating and a $5.00 target price for the company. TheStreet raised Vivint Solar from a “d” rating to a “c” rating in a research note on Monday, October 2nd. Zacks Investment Research lowered Vivint Solar from a “buy” rating to a “hold” rating in a research report on Thursday, October 12th. Finally, Bank of America started coverage on Vivint Solar in a research report on Monday, November 6th. They issued a “buy” rating for the company.
Vivint Solar (VSLR) opened at $4.10 on Friday. Vivint Solar has a 52 week low of $2.65 and a 52 week high of $6.09. The firm has a market capitalization of $469.31, a PE ratio of 11.08 and a beta of -0.32. The company has a current ratio of 1.18, a quick ratio of 1.05 and a debt-to-equity ratio of 1.30.
Vivint Solar (NYSE:VSLR) last announced its earnings results on Tuesday, November 7th. The company reported ($0.33) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.29) by ($0.04). Vivint Solar had a net margin of 18.65% and a negative return on equity of 26.04%. The firm had revenue of $75.10 million for the quarter, compared to the consensus estimate of $74.56 million. During the same period in the prior year, the business earned ($0.36) EPS. The company’s quarterly revenue was up 81.8% compared to the same quarter last year. equities analysts forecast that Vivint Solar will post -1.48 EPS for the current fiscal year.
In related news, Director Alex J. Dunn sold 100,000 shares of the firm’s stock in a transaction that occurred on Friday, November 17th. The stock was sold at an average price of $3.43, for a total value of $343,000.00. Following the transaction, the director now directly owns 395,649 shares of the company’s stock, valued at approximately $1,357,076.07. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Bryan Christiansen sold 31,700 shares of the firm’s stock in a transaction that occurred on Wednesday, December 6th. The shares were sold at an average price of $3.25, for a total value of $103,025.00. Following the completion of the transaction, the chief operating officer now directly owns 332,462 shares in the company, valued at $1,080,501.50. The disclosure for this sale can be found here. Over the last three months, insiders sold 236,810 shares of company stock valued at $798,623. Company insiders own 4.50% of the company’s stock.
Hedge funds have recently modified their holdings of the stock. JPMorgan Chase & Co. bought a new position in shares of Vivint Solar in the 2nd quarter valued at approximately $278,000. Neuberger Berman Group LLC grew its holdings in Vivint Solar by 31.4% in the 2nd quarter. Neuberger Berman Group LLC now owns 133,935 shares of the company’s stock valued at $784,000 after buying an additional 32,000 shares during the last quarter. Vanguard Group Inc. grew its holdings in Vivint Solar by 23.3% in the 2nd quarter. Vanguard Group Inc. now owns 1,743,605 shares of the company’s stock valued at $10,200,000 after buying an additional 329,748 shares during the last quarter. Virtu KCG Holdings LLC grew its holdings in Vivint Solar by 456.9% in the 2nd quarter. Virtu KCG Holdings LLC now owns 161,804 shares of the company’s stock valued at $947,000 after buying an additional 132,751 shares during the last quarter. Finally, Quentec Asset Management LLC grew its holdings in Vivint Solar by 24.5% in the 3rd quarter. Quentec Asset Management LLC now owns 3,964,748 shares of the company’s stock valued at $13,480,000 after buying an additional 781,333 shares during the last quarter. 92.47% of the stock is currently owned by institutional investors and hedge funds.
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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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