Shares of Vivint Solar Inc (NYSE:VSLR) have been given a consensus recommendation of “Hold” by the eight ratings firms that are presently covering the company, MarketBeat reports. Five analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $5.75.

Several brokerages recently commented on VSLR. ValuEngine downgraded Vivint Solar from a “sell” rating to a “strong sell” rating in a research note on Monday, April 2nd. Zacks Investment Research downgraded Vivint Solar from a “buy” rating to a “hold” rating in a research note on Wednesday, May 9th. Finally, Bank of America set a $6.00 price objective on Vivint Solar and gave the stock a “buy” rating in a research note on Thursday, March 8th.

Vivint Solar traded up $0.30, hitting $4.75, during mid-day trading on Monday, MarketBeat reports. 10,187 shares of the company’s stock were exchanged, compared to its average volume of 486,098. The company has a market capitalization of $455.55 million, a PE ratio of -3.01 and a beta of -0.51. Vivint Solar has a fifty-two week low of $2.70 and a fifty-two week high of $6.09. The company has a current ratio of 0.99, a quick ratio of 0.88 and a debt-to-equity ratio of 2.68.

Vivint Solar (NYSE:VSLR) last issued its quarterly earnings data on Tuesday, May 8th. The company reported ($0.53) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.32) by ($0.21). The business had revenue of $68.30 million for the quarter, compared to analyst estimates of $67.56 million. Vivint Solar had a negative return on equity of 28.69% and a net margin of 64.57%. The business’s quarterly revenue was up 28.6% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.50) EPS. analysts predict that Vivint Solar will post -1.18 EPS for the current fiscal year.

In other news, insider L. Chance Allred sold 18,211 shares of the firm’s stock in a transaction dated Friday, May 11th. The stock was sold at an average price of $4.50, for a total value of $81,949.50. Following the completion of the transaction, the insider now owns 449,967 shares in the company, valued at approximately $2,024,851.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO David Bywater sold 7,100 shares of the firm’s stock in a transaction dated Wednesday, June 6th. The shares were sold at an average price of $3.76, for a total value of $26,696.00. Following the completion of the transaction, the chief executive officer now owns 776,777 shares of the company’s stock, valued at approximately $2,920,681.52. The disclosure for this sale can be found here. In the last quarter, insiders have sold 542,410 shares of company stock valued at $2,193,490. Corporate insiders own 4.20% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Schwab Charles Investment Management Inc. grew its holdings in shares of Vivint Solar by 28.7% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 97,268 shares of the company’s stock valued at $394,000 after acquiring an additional 21,712 shares in the last quarter. Victory Capital Management Inc. grew its holdings in shares of Vivint Solar by 141.4% in the 1st quarter. Victory Capital Management Inc. now owns 51,867 shares of the company’s stock valued at $189,000 after acquiring an additional 30,383 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Vivint Solar by 402.4% in the 1st quarter. JPMorgan Chase & Co. now owns 82,527 shares of the company’s stock valued at $301,000 after acquiring an additional 66,101 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in shares of Vivint Solar by 161.8% in the 4th quarter. Bank of New York Mellon Corp now owns 338,412 shares of the company’s stock valued at $1,371,000 after acquiring an additional 209,141 shares in the last quarter. Finally, Millennium Management LLC bought a new position in shares of Vivint Solar in the 1st quarter valued at about $1,969,000. Institutional investors own 90.98% of the company’s stock.

About Vivint Solar

Vivint Solar, Inc provides distributed solar energy to residential, commercial, and industrial customers in the United States. The company operates in two segments, Residential, and Commercial and Industrial. 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.

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