Vivint Solar (NYSE:VSLR) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued to investors on Saturday.

According to Zacks, “Vivint Solar Inc. is a provider of residential solar energy systems in the United States. It designs, installs, and maintains cost-effective solar energy systems. The Company also offers photovoltaic installation software products and devices. Vivint Solar, Inc. is headquartered in Provo, Utah. “

Several other equities analysts have also weighed in on the stock. JMP Securities upgraded shares of Vivint Solar from a “market perform” rating to an “outperform” rating in a research report on Wednesday. Bank of America raised their price objective on shares of Vivint Solar from $6.50 to $7.00 and gave the company a “buy” rating in a research report on Tuesday, July 24th. ValuEngine upgraded shares of Vivint Solar from a “sell” rating to a “hold” rating in a research report on Saturday, July 14th. Finally, Guggenheim upgraded shares of Vivint Solar from a “neutral” rating to a “buy” rating in a research report on Friday, June 22nd. One investment analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $5.50.

Vivint Solar remained flat at $$5.40 on Friday, according to MarketBeat. 366,873 shares of the company were exchanged, compared to its average volume of 527,090. The company has a market cap of $634.51 million, a price-to-earnings ratio of -3.42 and a beta of -0.41. The company has a quick ratio of 0.88, a current ratio of 0.99 and a debt-to-equity ratio of 2.68. Vivint Solar has a 12-month low of $2.70 and a 12-month high of $6.15.

Vivint Solar (NYSE:VSLR) last announced its earnings results on Tuesday, August 7th. The company reported ($0.50) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.20) by ($0.30). The company had revenue of $80.80 million during the quarter, compared to the consensus estimate of $91.30 million. Vivint Solar had a net margin of 67.35% and a negative return on equity of 32.62%. research analysts anticipate that Vivint Solar will post -1.55 earnings per share for the current fiscal year.

In other news, EVP Thomas G. Plagemann sold 7,050 shares of the firm’s stock in a transaction dated Monday, July 16th. The shares were sold at an average price of $5.48, for a total transaction of $38,634.00. Following the completion of the transaction, the executive vice president now owns 203,947 shares in the company, valued at approximately $1,117,629.56. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider L. Chance Allred sold 91,463 shares of the company’s stock in a transaction dated Tuesday, May 29th. The shares were sold at an average price of $3.72, for a total transaction of $340,242.36. Following the sale, the insider now directly owns 205,083 shares of the company’s stock, valued at $762,908.76. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 678,725 shares of company stock valued at $2,877,490. Insiders own 4.20% of the company’s stock.

Hedge funds have recently bought and sold shares of the business. Kayne Anderson Capital Advisors LP purchased a new stake in Vivint Solar during the second quarter valued at about $206,000. Victory Capital Management Inc. lifted its stake in Vivint Solar by 141.4% during the first quarter. Victory Capital Management Inc. now owns 51,867 shares of the company’s stock valued at $189,000 after buying an additional 30,383 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in Vivint Solar by 402.4% during the first quarter. JPMorgan Chase & Co. now owns 82,527 shares of the company’s stock valued at $301,000 after buying an additional 66,101 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in Vivint Solar by 54.3% during the second quarter. Dimensional Fund Advisors LP now owns 92,712 shares of the company’s stock valued at $459,000 after buying an additional 32,623 shares in the last quarter. Finally, First Trust Advisors LP lifted its stake in Vivint Solar by 8.8% during the second quarter. First Trust Advisors LP now owns 118,942 shares of the company’s stock valued at $589,000 after buying an additional 9,578 shares in the last quarter. 91.10% of the stock is owned by institutional investors.

Vivint Solar Company Profile

Vivint Solar, Inc provides distributed solar energy to residential, commercial, and industrial customers in the United States. The company operates in two segments, Residential, and Commercial and Industrial. It owns and installs solar energy systems through long-term customer contracts. The company also sells photovoltaic installation products, as well as solar renewable energy certificates.

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