Vivint Solar Inc (NYSE:VSLR) has been assigned a $4.00 price objective by research analysts at Credit Suisse Group AG in a report released on Monday, May 8th. The brokerage presently has a “hold” rating on the semiconductor company’s stock. Credit Suisse Group AG’s price objective points to a potential upside of 37.93% from the stock’s previous close.
VSLR has been the subject of a number of other reports. Zacks Investment Research upgraded Vivint Solar from a “hold” rating to a “buy” rating and set a $3.00 price target for the company in a report on Wednesday, March 22nd. Goldman Sachs Group Inc reiterated a “neutral” rating on shares of Vivint Solar in a report on Friday, February 10th. Finally, JMP Securities reiterated a “hold” rating on shares of Vivint Solar in a report on Saturday, March 18th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $4.96.
Vivint Solar (NYSE:VSLR) traded up 3.45% during midday trading on Monday, hitting $3.00. 547,041 shares of the stock traded hands. The stock has a 50-day moving average of $2.89 and a 200 day moving average of $2.94. Vivint Solar has a 52-week low of $2.31 and a 52-week high of $4.06. The firm has a market cap of $331.73 million, a PE ratio of 5.59 and a beta of -0.40.
Vivint Solar (NYSE:VSLR) last issued its quarterly earnings results on Tuesday, May 9th. The semiconductor company reported ($0.50) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.48) by $0.02. Vivint Solar had a negative net margin of 14.02% and a negative return on equity of 33.88%. The firm had revenue of $53.11 million during the quarter, compared to the consensus estimate of $47.09 million. During the same quarter last year, the firm posted ($0.65) earnings per share. Vivint Solar’s revenue was up 208.2% compared to the same quarter last year. Equities analysts forecast that Vivint Solar will post ($1.74) EPS for the current year.
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In other news, CEO David Bywater sold 201,200 shares of the company’s stock in a transaction on Friday, May 12th. The stock was sold at an average price of $2.84, for a total transaction of $571,408.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Dana C. Russell sold 149,500 shares of the company’s stock in a transaction on Friday, May 12th. The shares were sold at an average price of $2.76, for a total value of $412,620.00. Following the sale, the chief financial officer now directly owns 250,500 shares of the company’s stock, valued at $691,380. The disclosure for this sale can be found here. Corporate insiders own 5.20% of the company’s stock.
Large investors have recently made changes to their positions in the stock. IPG Investment Advisors LLC bought a new stake in shares of Vivint Solar during the first quarter valued at approximately $112,000. OMERS ADMINISTRATION Corp acquired a new stake in shares of Vivint Solar during the first quarter valued at about $118,000. Teachers Advisors LLC increased its stake in shares of Vivint Solar by 22.4% in the first quarter. Teachers Advisors LLC now owns 44,729 shares of the semiconductor company’s stock valued at $125,000 after buying an additional 8,197 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Vivint Solar by 76.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 60,089 shares of the semiconductor company’s stock valued at $153,000 after buying an additional 25,982 shares during the last quarter. Finally, Raymond James Financial Services Advisors Inc. raised its position in shares of Vivint Solar by 1.4% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 73,259 shares of the semiconductor company’s stock valued at $205,000 after buying an additional 1,000 shares during the last quarter. 93.68% of the stock is owned by institutional investors and hedge funds.
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.
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