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

A number of other analysts also recently weighed in on VSLR. ValuEngine upgraded Vivint Solar from a “sell” rating to a “hold” rating in a research note on Saturday, July 14th. Bank of America lifted their price target on Vivint Solar from $6.50 to $7.00 and gave the company a “buy” rating in a research note on Tuesday, July 24th. Finally, JMP Securities upgraded Vivint Solar from a “market perform” rating to an “outperform” rating in a research note on Wednesday, August 8th. One investment analyst has rated the stock with a sell rating and four have issued a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $5.50.

Shares of Vivint Solar stock traded down $0.06 during trading on Friday, reaching $5.81. The company’s stock had a trading volume of 420,289 shares, compared to its average volume of 360,490. The company has a debt-to-equity ratio of 3.23, a current ratio of 1.58 and a quick ratio of 1.68. Vivint Solar has a 12-month low of $2.70 and a 12-month high of $6.15. The company has a market cap of $689.06 million, a PE ratio of -3.68 and a beta of -0.38.

Vivint Solar (NYSE:VSLR) last posted its quarterly earnings results on Tuesday, November 6th. The company reported ($0.61) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.22) by ($0.39). Vivint Solar had a net margin of 61.71% and a negative return on equity of 50.31%. The business had revenue of $77.88 million during the quarter, compared to analysts’ expectations of $88.54 million. During the same quarter last year, the firm earned ($0.33) earnings per share. The firm’s quarterly revenue was up 3.7% compared to the same quarter last year. On average, equities research analysts anticipate that Vivint Solar will post -2.08 EPS for the current fiscal year.

In other Vivint Solar news, insider L. Chance Allred sold 6,980 shares of the business’s stock in a transaction on Tuesday, August 14th. The stock was sold at an average price of $5.30, for a total transaction of $36,994.00. Following the sale, the insider now directly owns 166,400 shares in the company, valued at $881,920. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CRO Paul S. Dickson sold 239,359 shares of the business’s stock in a transaction on Thursday, November 8th. The stock was sold at an average price of $5.80, for a total value of $1,388,282.20. Following the sale, the executive now owns 377,161 shares in the company, valued at $2,187,533.80. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 433,178 shares of company stock worth $2,365,768. 4.20% of the stock is owned by company insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. DekaBank Deutsche Girozentrale boosted its position in Vivint Solar by 312.9% during the third quarter. DekaBank Deutsche Girozentrale now owns 28,076 shares of the company’s stock worth $149,000 after purchasing an additional 21,276 shares in the last quarter. FMR LLC boosted its position in Vivint Solar by 17.2% during the third quarter. FMR LLC now owns 10,679,047 shares of the company’s stock worth $55,531,000 after purchasing an additional 1,567,320 shares in the last quarter. BlackRock Inc. boosted its position in Vivint Solar by 0.9% during the third quarter. BlackRock Inc. now owns 2,004,278 shares of the company’s stock worth $10,423,000 after purchasing an additional 17,483 shares in the last quarter. Bank of New York Mellon Corp boosted its position in Vivint Solar by 4.6% during the third quarter. Bank of New York Mellon Corp now owns 420,196 shares of the company’s stock worth $2,185,000 after purchasing an additional 18,416 shares in the last quarter. Finally, Janney Montgomery Scott LLC purchased a new stake in Vivint Solar during the third quarter worth $406,000. Institutional investors own 88.07% of the company’s stock.

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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