Vivint Solar Inc (NYSE:VSLR) has been given an average rating of “Buy” by the eight analysts that are presently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating on the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $11.67.

Several research analysts have issued reports on the company. ValuEngine cut Vivint Solar from a “strong-buy” rating to a “buy” rating in a report on Tuesday. Oppenheimer set a $11.00 price objective on shares of Vivint Solar and gave the stock a “buy” rating in a research note on Friday, August 9th. KeyCorp initiated coverage on shares of Vivint Solar in a research report on Monday, August 19th. They set an “overweight” rating and a $12.00 price objective on the stock. Citigroup set a $11.00 target price on shares of Vivint Solar and gave the company a “buy” rating in a research note on Monday, September 30th. Finally, Bank of America increased their target price on Vivint Solar from $12.50 to $14.00 and gave the company a “buy” rating in a report on Friday, August 9th.

VSLR traded down $0.06 during trading hours on Thursday, hitting $7.17. The company’s stock had a trading volume of 16,141 shares, compared to its average volume of 882,101. Vivint Solar has a fifty-two week low of $3.55 and a fifty-two week high of $9.82. The company has a 50-day simple moving average of $6.90 and a 200 day simple moving average of $7.34. The company has a current ratio of 0.95, a quick ratio of 0.91 and a debt-to-equity ratio of 4.27. The firm has a market capitalization of $897.35 million, a PE ratio of -3.02 and a beta of 0.44.

Vivint Solar (NYSE:VSLR) last announced its earnings results on Wednesday, November 6th. The company reported ($0.99) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.51) by ($0.48). Vivint Solar had a negative net margin of 24.89% and a negative return on equity of 115.40%. The company had revenue of $103.80 million during the quarter, compared to the consensus estimate of $96.76 million. During the same quarter in the prior year, the company earned ($0.61) EPS. The business’s quarterly revenue was up 33.2% on a year-over-year basis. Research analysts expect that Vivint Solar will post -3.15 earnings per share for the current fiscal year.

In related news, CFO Dana C. Russell sold 8,790 shares of the firm’s stock in a transaction on Friday, September 6th. The shares were sold at an average price of $7.99, for a total value of $70,232.10. Following the transaction, the chief financial officer now directly owns 303,649 shares in the company, valued at approximately $2,426,155.51. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO Bryan Christiansen sold 3,655 shares of Vivint Solar stock in a transaction on Friday, September 6th. The stock was sold at an average price of $8.06, for a total transaction of $29,459.30. Following the completion of the transaction, the chief operating officer now owns 207,781 shares in the company, valued at approximately $1,674,714.86. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 277,805 shares of company stock valued at $1,969,331. 4.10% of the stock is owned by corporate insiders.

Hedge funds and other institutional investors have recently modified their holdings of the business. Bank of Montreal Can grew its position in Vivint Solar by 1,260.2% during the second quarter. Bank of Montreal Can now owns 3,659 shares of the company’s stock worth $27,000 after buying an additional 3,390 shares in the last quarter. Point72 Hong Kong Ltd bought a new stake in Vivint Solar in the second quarter valued at $37,000. Great Valley Advisor Group Inc. bought a new stake in Vivint Solar in the third quarter valued at $92,000. Metropolitan Life Insurance Co NY bought a new stake in Vivint Solar in the third quarter valued at $107,000. Finally, Aperio Group LLC acquired a new position in Vivint Solar during the second quarter worth $110,000. 99.12% of the stock is currently owned by institutional investors.

Vivint Solar Company Profile

Vivint Solar, Inc provides distributed solar energy primarily to residential customers in the United States. It owns and installs solar energy systems through long-term customer contracts. The company also sells photovoltaic installation products, as well as solar renewable energy certificates. As of December 31, 2018, it had an aggregate capacity of 1,060.9 megawatts covering approximately 154,600 homes.

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Analyst Recommendations for Vivint Solar (NYSE:VSLR)

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