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

A number of other research analysts also recently issued reports on VSLR. Deutsche Bank AG downgraded shares of 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. Guggenheim began coverage on shares of Vivint Solar in a research report on Wednesday. They issued a buy rating and a $5.00 price objective on the stock. Zacks Investment Research raised shares of 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. ValuEngine downgraded shares of Vivint Solar from a hold rating to a sell rating in a research report on Friday, September 1st. Finally, Goldman Sachs Group, Inc. (The) raised shares of Vivint Solar from a neutral rating to a buy rating and lifted their price objective for the stock from $3.50 to $6.00 in a research report on Tuesday, June 20th. Three research analysts have rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company’s stock. Vivint Solar has an average rating of Hold and a consensus target price of $4.71.

Shares of Vivint Solar (NYSE:VSLR) opened at 3.40 on Thursday. The stock’s 50 day moving average is $4.74 and its 200-day moving average is $3.97. The stock has a market cap of $389.18 million, a PE ratio of 7.14 and a beta of -0.23. Vivint Solar has a 12-month low of $2.50 and a 12-month high of $6.09.

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, topping analysts’ consensus estimates of ($0.40) by $0.07. Vivint Solar had a net margin of 26.35% and a negative return on equity of 26.46%. The firm had revenue of $73.00 million for the quarter, compared to the consensus estimate of $65.41 million. During the same quarter in the previous year, the firm earned $0.12 EPS. The company’s quarterly revenue was up 109.2% compared to the same quarter last year. Equities analysts expect that Vivint Solar will post ($1.48) EPS for the current year.

ILLEGAL ACTIVITY NOTICE: “Vivint Solar, Inc. (VSLR) Downgraded by BidaskClub” was published by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are viewing this article on another publication, it was illegally copied and reposted in violation of US and international trademark and copyright law. The legal version of this article can be viewed at https://www.thecerbatgem.com/2017/10/01/vivint-solar-inc-vslr-downgraded-by-bidaskclub.html.

In other Vivint Solar news, COO Bryan Christiansen sold 51,914 shares of the business’s stock in a transaction that occurred on Thursday, July 13th. The shares were sold at an average price of $5.45, for a total transaction of $282,931.30. Following the sale, the chief operating officer now owns 349,670 shares of the company’s stock, valued at approximately $1,905,701.50. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO David Bywater sold 35,000 shares of the business’s stock in a transaction that occurred on Monday, July 17th. The stock was sold at an average price of $5.25, for a total transaction of $183,750.00. Following the sale, the chief executive officer now directly owns 620,674 shares in the company, valued at approximately $3,258,538.50. The disclosure for this sale can be found here. In the last three months, insiders have sold 373,761 shares of company stock worth $1,977,068. 4.50% of the stock is owned by insiders.

A number of large investors have recently added to or reduced their stakes in VSLR. GCA Investment Management LLC purchased a new stake in Vivint Solar during the 2nd quarter worth approximately $4,556,000. Vanguard Group Inc. grew its position in Vivint Solar by 23.3% during the 2nd quarter. Vanguard Group Inc. now owns 1,743,605 shares of the semiconductor company’s stock worth $10,200,000 after purchasing an additional 329,748 shares during the last quarter. Parametric Portfolio Associates LLC grew its position in Vivint Solar by 235.2% during the 1st quarter. Parametric Portfolio Associates LLC now owns 201,415 shares of the semiconductor company’s stock worth $564,000 after purchasing an additional 141,329 shares during the last quarter. Virtu KCG Holdings LLC grew its position in Vivint Solar by 456.9% during the 2nd quarter. Virtu KCG Holdings LLC now owns 161,804 shares of the semiconductor company’s stock worth $947,000 after purchasing an additional 132,751 shares during the last quarter. Finally, Neuberger Berman Group LLC grew its position in Vivint Solar by 108.3% during the 1st quarter. Neuberger Berman Group LLC now owns 101,935 shares of the semiconductor company’s stock worth $285,000 after purchasing an additional 53,000 shares during the last quarter. 95.14% of the stock is currently owned by institutional investors.

About Vivint Solar

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.