TheStreet upgraded shares of Vivint Solar, Inc. (NYSE:VSLR) from a d rating to a c rating in a research report released on Monday morning.

Several other equities analysts have also recently commented on the stock. BidaskClub upgraded shares of Vivint Solar from a sell rating to a hold rating in a research report on Thursday. Guggenheim initiated coverage on shares of Vivint Solar in a report on Wednesday, September 27th. They set a buy rating and a $5.00 price target on the stock. ValuEngine lowered shares of Vivint Solar from a hold rating to a sell rating in a report on Friday, September 1st. Zacks Investment Research raised shares of Vivint Solar from a hold rating to a buy rating and set a $5.25 price target on the stock in a report on Saturday, August 12th. Finally, Deutsche Bank AG lowered shares of Vivint Solar from a buy rating to a hold rating and set a $6.00 price target on the stock. in a report on Wednesday, August 9th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company. The stock currently has an average rating of Hold and an average price target of $4.71.

Shares of Vivint Solar (NYSE VSLR) traded up 1.39% during mid-day trading on Monday, reaching $3.65. 218,439 shares of the company’s stock traded hands. The firm has a 50 day moving average price of $4.30 and a 200-day moving average price of $4.01. The stock has a market cap of $417.80 million, a PE ratio of 7.67 and a beta of -0.35. 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 earnings results on Tuesday, August 8th. The semiconductor company reported ($0.33) EPS for the quarter, beating the consensus estimate of ($0.40) by $0.07. The company had revenue of $73.00 million during the quarter, compared to analysts’ expectations of $65.41 million. Vivint Solar had a net margin of 26.35% and a negative return on equity of 26.46%. The business’s revenue for the quarter was up 109.2% compared to the same quarter last year. During the same period in the previous year, the company earned $0.12 EPS. On average, analysts predict that Vivint Solar will post ($1.48) earnings per share for the current fiscal year.

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In related news, COO Bryan Christiansen sold 51,914 shares of Vivint Solar 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 directly owns 349,670 shares of the company’s stock, valued at approximately $1,905,701.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Dana C. Russell sold 62,500 shares of Vivint Solar stock in a transaction that occurred on Monday, July 17th. The shares were sold at an average price of $5.26, for a total transaction of $328,750.00. Following the sale, the chief financial officer now directly owns 281,750 shares in the company, valued at $1,482,005. The disclosure for this sale can be found here. Insiders have sold a total of 346,728 shares of company stock worth $1,828,386 over the last ninety days. 4.50% of the stock is currently owned by insiders.

Several institutional investors have recently made changes to their positions in the stock. Dynamic Technology Lab Private Ltd grew its holdings in shares of Vivint Solar by 75.3% during the 2nd quarter. Dynamic Technology Lab Private Ltd now owns 19,161 shares of the semiconductor company’s stock valued at $112,000 after purchasing an additional 8,233 shares during the last quarter. Raymond James Financial Services Advisors Inc. grew its holdings in shares of Vivint Solar by 0.3% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 73,459 shares of the semiconductor company’s stock valued at $430,000 after purchasing an additional 200 shares during the last quarter. State Street Corp grew its holdings in shares of Vivint Solar by 5.8% during the 2nd quarter. State Street Corp now owns 363,520 shares of the semiconductor company’s stock valued at $2,127,000 after purchasing an additional 20,027 shares during the last quarter. Virtu KCG Holdings LLC grew its holdings in shares of Vivint Solar by 456.9% during the 2nd quarter. Virtu KCG Holdings LLC now owns 161,804 shares of the semiconductor company’s stock valued at $947,000 after purchasing an additional 132,751 shares during the last quarter. Finally, Vanguard Group Inc. grew its holdings in shares of Vivint Solar by 23.3% during the 2nd quarter. Vanguard Group Inc. now owns 1,743,605 shares of the semiconductor company’s stock valued at $10,200,000 after purchasing an additional 329,748 shares during the last quarter. 95.50% 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)

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