BidaskClub downgraded shares of Vivint Solar, Inc. (NYSE:VSLR) from a buy rating to a hold rating in a research note released on Thursday morning.

A number of other research firms have also weighed in on VSLR. ValuEngine raised Vivint Solar from a sell rating to a hold rating in a research report on Wednesday, June 21st. Deutsche Bank AG lowered Vivint Solar from a buy rating to a hold rating and set a $6.00 price objective on the stock. in a research report on Wednesday, August 9th. Zacks Investment Research raised Vivint Solar from a hold rating to a buy rating and set a $5.25 price objective on the stock in a research report on Saturday, August 12th. Finally, Goldman Sachs Group, Inc. (The) raised Vivint Solar from a neutral rating to a buy rating and upped their price objective for the stock from $3.50 to $6.00 in a research report on Tuesday, June 20th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company’s stock. The stock has an average rating of Hold and a consensus target price of $4.65.

Vivint Solar (VSLR) opened at 4.10 on Thursday. The stock has a market capitalization of $469.31 million, a P/E ratio of 8.61 and a beta of -0.23. The stock has a 50 day moving average price of $4.81 and a 200-day moving average price of $3.95. Vivint Solar has a one year low of $2.50 and a one year high of $6.09.

Vivint Solar (NYSE:VSLR) last posted its quarterly earnings data on Tuesday, August 8th. The semiconductor company reported ($0.33) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.40) by $0.07. Vivint Solar had a negative return on equity of 26.46% and a net margin of 26.35%. The business had revenue of $73.00 million for the quarter, compared to analyst estimates of $65.41 million. During the same quarter in the prior year, the company earned $0.12 earnings per share. The company’s revenue was up 109.2% on a year-over-year basis. Analysts anticipate that Vivint Solar will post ($1.48) earnings per share for the current year.

ILLEGAL ACTIVITY WARNING: This story was first reported by The Cerbat Gem and is the property of of The Cerbat Gem. If you are viewing this story on another publication, it was illegally stolen and reposted in violation of US & international copyright legislation. The correct version of this story can be read at https://www.thecerbatgem.com/2017/09/18/vivint-solar-inc-vslr-cut-to-hold-at-bidaskclub.html.

In related news, COO Bryan Christiansen sold 27,033 shares of the stock in a transaction on Thursday, July 6th. The stock was sold at an average price of $5.50, for a total value of $148,681.50. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director David F. D’alessandro sold 18,000 shares of the stock in a transaction on Wednesday, June 21st. The shares were sold at an average price of $4.77, for a total value of $85,860.00. Following the completion of the transaction, the director now directly owns 52,471 shares in the company, valued at approximately $250,286.67. The disclosure for this sale can be found here. Insiders sold 391,761 shares of company stock worth $2,062,928 in the last three months. 4.50% of the stock is currently owned by corporate insiders.

A number of large investors have recently bought and sold shares of VSLR. GCA Investment Management LLC purchased a new position in Vivint Solar in the second quarter valued at $4,556,000. Vanguard Group Inc. increased its holdings in Vivint Solar by 23.3% in the second quarter. Vanguard Group Inc. now owns 1,743,605 shares of the semiconductor company’s stock valued at $10,200,000 after buying an additional 329,748 shares during the last quarter. Parametric Portfolio Associates LLC increased its holdings in Vivint Solar by 235.2% in the first quarter. Parametric Portfolio Associates LLC now owns 201,415 shares of the semiconductor company’s stock valued at $564,000 after buying an additional 141,329 shares during the last quarter. Virtu KCG Holdings LLC increased its holdings in Vivint Solar by 456.9% in the second quarter. Virtu KCG Holdings LLC now owns 161,804 shares of the semiconductor company’s stock valued at $947,000 after buying an additional 132,751 shares during the last quarter. Finally, Neuberger Berman Group LLC increased its holdings in Vivint Solar by 108.3% in the first quarter. Neuberger Berman Group LLC now owns 101,935 shares of the semiconductor company’s stock valued at $285,000 after buying an additional 53,000 shares during the last quarter. 95.15% of the stock is currently owned by hedge funds and other institutional investors.

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)

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.