Vivint Solar, Inc. (VSLR) Cut to Hold at BidaskClub
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.
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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.
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