Vivint Solar Inc (NYSE:VSLR) CFO Dana C. Russell sold 55,987 shares of the company’s stock in a transaction that occurred on Wednesday, March 14th. The shares were sold at an average price of $3.25, for a total value of $181,957.75. Following the completion of the sale, the chief financial officer now owns 339,765 shares in the company, valued at $1,104,236.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
Shares of Vivint Solar stock remained flat at $$4.00 on Friday. The company’s stock had a trading volume of 521,958 shares, compared to its average volume of 542,501. Vivint Solar Inc has a 52-week low of $2.65 and a 52-week high of $6.09. The company has a current ratio of 1.10, a quick ratio of 0.97 and a debt-to-equity ratio of 1.08.
Vivint Solar (NYSE:VSLR) last issued its earnings results on Wednesday, March 7th. The company reported ($0.43) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.32) by ($0.11). Vivint Solar had a negative return on equity of 24.76% and a net margin of 78.01%. The firm had revenue of $66.78 million for the quarter, compared to analyst estimates of $66.87 million. During the same period in the previous year, the company earned ($0.41) earnings per share. Vivint Solar’s revenue for the quarter was up 59.9% compared to the same quarter last year. sell-side analysts forecast that Vivint Solar Inc will post -0.99 EPS for the current year.
Several large investors have recently modified their holdings of VSLR. Allegis Investment Advisors LLC acquired a new position in shares of Vivint Solar during the fourth quarter worth approximately $105,000. Dynamic Technology Lab Private Ltd raised its position in shares of Vivint Solar by 191.3% during the third quarter. Dynamic Technology Lab Private Ltd now owns 55,812 shares of the company’s stock worth $190,000 after purchasing an additional 36,651 shares during the period. Teachers Advisors LLC raised its position in shares of Vivint Solar by 6.8% during the second quarter. Teachers Advisors LLC now owns 47,791 shares of the company’s stock worth $280,000 after purchasing an additional 3,062 shares during the period. Schwab Charles Investment Management Inc. raised its position in shares of Vivint Solar by 28.7% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 97,268 shares of the company’s stock worth $394,000 after purchasing an additional 21,712 shares during the period. Finally, TIAA CREF Investment Management LLC raised its position in shares of Vivint Solar by 18.6% during the second quarter. TIAA CREF Investment Management LLC now owns 74,926 shares of the company’s stock worth $438,000 after purchasing an additional 11,746 shares during the period. 92.75% of the stock is currently owned by institutional investors.
VSLR has been the topic of several analyst reports. ValuEngine cut Vivint Solar from a “sell” rating to a “strong sell” rating in a report on Monday, April 2nd. Guggenheim restated a “neutral” rating and set a $5.00 price target on shares of Vivint Solar in a report on Thursday, January 18th. They noted that the move was a valuation call. Bank of America set a $6.00 price target on Vivint Solar and gave the stock a “buy” rating in a report on Thursday, March 8th. Finally, Zacks Investment Research upgraded Vivint Solar from a “hold” rating to a “buy” rating and set a $4.50 price target on the stock in a report on Saturday, January 6th. One analyst has rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $5.25.
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Vivint Solar Company Profile
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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