Vivint Solar, Inc. (NYSE:VSLR) has been assigned an average recommendation of “Hold” from the eight brokerages that are covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and three have issued a buy recommendation on the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $4.65.

A number of research analysts have issued reports on the company. ValuEngine raised Vivint Solar from a “sell” rating to a “hold” rating in a report on Wednesday, June 21st. Goldman Sachs Group, Inc. (The) raised Vivint Solar from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $3.50 to $6.00 in a report on Tuesday, June 20th. BidaskClub cut Vivint Solar from a “strong-buy” rating to a “buy” rating in a report on Friday. Zacks Investment Research raised Vivint Solar from a “hold” rating to a “buy” rating and set a $3.25 price objective for the company in a report on Thursday, May 11th. Finally, Deutsche Bank AG cut Vivint Solar from a “buy” rating to a “hold” rating and set a $6.00 price objective for the company. in a report on Wednesday, August 9th.

Vivint Solar (VSLR) traded down 1.05% during mid-day trading on Tuesday, reaching $4.70. 140,694 shares of the company’s stock traded hands. Vivint Solar has a 12 month low of $2.50 and a 12 month high of $6.09. The stock has a market capitalization of $537.99 million, a PE ratio of 9.87 and a beta of -0.25. The firm’s 50-day moving average price is $5.37 and its 200 day moving average price is $3.70.

Vivint Solar (NYSE:VSLR) last issued its quarterly earnings data on Tuesday, August 8th. The semiconductor company reported ($0.33) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.40) by $0.07. The company had revenue of $73 million during the quarter, compared to analysts’ expectations of $65.41 million. Vivint Solar had a negative return on equity of 26.46% and a net margin of 26.35%. The business’s revenue was up 109.2% on a year-over-year basis. During the same period last year, the business earned $0.12 earnings per share. Equities research analysts predict that Vivint Solar will post ($1.48) EPS for the current year.

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In other news, CRO Paul S. Dickson sold 130,000 shares of the firm’s stock in a transaction on Monday, July 17th. The stock was sold at an average price of $5.25, for a total value of $682,500.00. Following the completion of the sale, the executive now directly owns 307,015 shares in the company, valued at $1,611,828.75. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CRO Paul S. Dickson sold 36,400 shares of the firm’s stock in a transaction on Friday, May 26th. The shares were sold at an average price of $3.06, for a total value of $111,384.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 504,861 shares of company stock valued at $2,410,242. 4.50% of the stock is currently owned by corporate insiders.

Hedge funds have recently made changes to their positions in the stock. State Street Corp raised its stake in shares of Vivint Solar by 5.8% in the second quarter. State Street Corp now owns 363,520 shares of the semiconductor company’s stock worth $2,127,000 after buying an additional 20,027 shares during the period. Virtu KCG Holdings LLC raised its stake 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 worth $947,000 after buying an additional 132,751 shares during the period. Vanguard Group Inc. raised its stake 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 worth $10,200,000 after buying an additional 329,748 shares during the period. TIAA CREF Investment Management LLC raised its stake in shares of Vivint Solar by 18.6% in the second quarter. TIAA CREF Investment Management LLC now owns 74,926 shares of the semiconductor company’s stock worth $438,000 after buying an additional 11,746 shares during the period. Finally, Teachers Advisors LLC raised its stake in shares of Vivint Solar by 6.8% in the second quarter. Teachers Advisors LLC now owns 47,791 shares of the semiconductor company’s stock worth $280,000 after buying an additional 3,062 shares during the period. Institutional investors own 94.45% 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.

Analyst Recommendations for Vivint Solar (NYSE:VSLR)

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