Brokerages Set Vivint Solar, Inc. (VSLR) Price Target at $4.65
Vivint Solar, Inc. (NYSE:VSLR) has received an average rating of “Hold” from the eight research firms that are presently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company. The average 1 year price target among analysts that have covered the stock in the last year is $4.65.
Several research firms recently weighed in on VSLR. 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 target for the stock 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, August 11th. Zacks Investment Research raised Vivint Solar from a “hold” rating to a “buy” rating and set a $3.25 price target 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 target for the company. in a report on Wednesday, August 9th.
Shares of Vivint Solar (NYSE VSLR) traded up 1.06% on Tuesday, reaching $4.75. The company’s stock had a trading volume of 295,997 shares. The firm has a market cap of $543.71 million, a price-to-earnings ratio of 9.98 and a beta of -0.25. The company’s 50 day moving average is $5.25 and its 200-day moving average is $3.74. Vivint Solar has a 1-year low of $2.50 and a 1-year high of $6.09.
Vivint Solar (NYSE:VSLR) last released its quarterly earnings results on Tuesday, August 8th. The semiconductor company reported ($0.33) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.40) by $0.07. The business 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 firm’s revenue for the quarter was up 109.2% compared to the same quarter last year. During the same period last year, the firm posted $0.12 EPS. Equities research analysts expect that Vivint Solar will post ($1.48) EPS for the current year.
In other Vivint Solar news, COO Bryan Christiansen sold 27,033 shares of the firm’s stock in a transaction on Thursday, July 6th. The stock was sold at an average price of $5.50, for a total transaction of $148,681.50. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider L. Chance Allred sold 30,700 shares of the firm’s stock in a transaction on Thursday, May 25th. The stock was sold at an average price of $3.10, for a total value of $95,170.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 504,861 shares of company stock worth $2,410,242. Corporate insiders own 4.50% of the company’s stock.
A number of institutional investors have recently bought and sold shares of the company. Alliancebernstein L.P. raised its position in Vivint Solar by 9.0% in the second quarter. Alliancebernstein L.P. now owns 88,700 shares of the semiconductor company’s stock worth $519,000 after buying an additional 7,300 shares during the period. JPMorgan Chase & Co. bought a new position in Vivint Solar during the second quarter worth approximately $278,000. Neuberger Berman Group LLC raised its position in Vivint Solar by 31.4% in the second quarter. Neuberger Berman Group LLC now owns 133,935 shares of the semiconductor company’s stock worth $784,000 after buying an additional 32,000 shares during the period. GCA Investment Management LLC bought a new position in Vivint Solar during the second quarter worth approximately $4,556,000. Finally, Rhumbline Advisers raised its position in Vivint Solar by 9.8% in the second quarter. Rhumbline Advisers now owns 28,571 shares of the semiconductor company’s stock worth $167,000 after buying an additional 2,549 shares during the period. Hedge funds and other institutional investors own 94.45% of the company’s stock.
TRADEMARK VIOLATION NOTICE: “Brokerages Set Vivint Solar, Inc. (VSLR) Price Target at $4.65” was published by The Cerbat Gem and is the property of of The Cerbat Gem. If you are reading this piece on another domain, it was copied illegally and republished in violation of US and international trademark and copyright legislation. The legal version of this piece can be read at https://www.thecerbatgem.com/2017/08/20/brokerages-set-vivint-solar-inc-vslr-price-target-at-4-65.html.
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.
Receive News & Stock Ratings for Vivint Solar Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Vivint Solar Inc. and related stocks with our FREE daily email newsletter.