Brokerages Set Vivint Solar, Inc. (VSLR) Target Price at $5.25
Vivint Solar, Inc. (NYSE:VSLR) has been assigned a consensus recommendation of “Hold” from the ten analysts that are presently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $5.25.
VSLR has been the subject of several research reports. BidaskClub downgraded Vivint Solar from a “buy” rating to a “hold” rating in a research note on Thursday, September 14th. TheStreet upgraded Vivint Solar from a “d” rating to a “c” rating in a research note on Monday, October 2nd. Bank of America Corporation initiated coverage on Vivint Solar in a research note on Monday, November 6th. They issued a “buy” rating for the company. Zacks Investment Research downgraded Vivint Solar from a “buy” rating to a “hold” rating in a research note on Tuesday, November 14th. Finally, ValuEngine downgraded Vivint Solar from a “hold” rating to a “sell” rating in a research note on Friday, September 1st.
In related news, Director Alex J. Dunn sold 100,000 shares of the firm’s stock in a transaction dated Friday, November 17th. The shares were sold at an average price of $3.43, for a total value of $343,000.00. Following the transaction, the director now owns 395,649 shares of the company’s stock, valued at approximately $1,357,076.07. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 4.50% of the stock is currently owned by company insiders.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. JPMorgan Chase & Co. bought a new position in Vivint Solar in the 2nd quarter valued at about $278,000. Neuberger Berman Group LLC lifted its position 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 acquiring an additional 32,000 shares in the last quarter. Bank of New York Mellon Corp lifted its position in Vivint Solar by 0.6% in the 1st quarter. Bank of New York Mellon Corp now owns 152,176 shares of the company’s stock valued at $426,000 after acquiring an additional 914 shares in the last quarter. Virtu KCG Holdings LLC lifted its position 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 acquiring an additional 132,751 shares in the last quarter. Finally, Parametric Portfolio Associates LLC lifted its position in Vivint Solar by 235.2% in the 1st quarter. Parametric Portfolio Associates LLC now owns 201,415 shares of the company’s stock valued at $564,000 after acquiring an additional 141,329 shares in the last quarter. 92.54% of the stock is currently owned by institutional investors and hedge funds.
Shares of Vivint Solar (NYSE VSLR) traded up $0.08 on Thursday, hitting $3.70. The stock had a trading volume of 124,527 shares, compared to its average volume of 278,195. The company has a debt-to-equity ratio of 1.30, a current ratio of 1.18 and a quick ratio of 1.05. Vivint Solar has a 12 month low of $2.55 and a 12 month high of $6.09.
Vivint Solar (NYSE:VSLR) last issued its earnings results on Tuesday, November 7th. The company reported ($0.33) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.29) by ($0.04). The firm had revenue of $75.10 million during the quarter, compared to analyst estimates of $74.56 million. Vivint Solar had a net margin of 18.65% and a negative return on equity of 26.04%. The business’s quarterly revenue was up 81.8% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.36) earnings per share. sell-side analysts forecast that Vivint Solar will post -1.48 earnings per share for the current fiscal year.
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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