Vivint Solar Inc (NYSE:VSLR) CEO David Bywater sold 27,261 shares of the business’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 transaction of $88,598.25. Following the sale, the chief executive officer now owns 485,556 shares in the company, valued at approximately $1,578,057. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
David Bywater also recently made the following trade(s):
- On Friday, March 16th, David Bywater sold 17,639 shares of Vivint Solar stock. The shares were sold at an average price of $3.25, for a total transaction of $57,326.75.
- On Thursday, March 8th, David Bywater sold 10,271 shares of Vivint Solar stock. The shares were sold at an average price of $3.25, for a total transaction of $33,380.75.
- On Monday, March 12th, David Bywater sold 19,880 shares of Vivint Solar stock. The shares were sold at an average price of $3.25, for a total transaction of $64,610.00.
- On Tuesday, March 6th, David Bywater sold 6,900 shares of Vivint Solar stock. The shares were sold at an average price of $2.99, for a total transaction of $20,631.00.
- On Thursday, February 22nd, David Bywater sold 25,177 shares of Vivint Solar stock. The shares were sold at an average price of $3.25, for a total transaction of $81,825.25.
Shares of NYSE:VSLR remained flat at $$4.00 during midday trading on Friday. 521,958 shares of the company traded hands, compared to its average volume of 542,501. The company has a debt-to-equity ratio of 1.08, a current ratio of 1.10 and a quick ratio of 0.97. Vivint Solar Inc has a twelve month low of $2.65 and a twelve month high of $6.09.
Vivint Solar (NYSE:VSLR) last announced its earnings results on Wednesday, March 7th. The company reported ($0.43) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.32) by ($0.11). The business had revenue of $66.78 million during the quarter, compared to the consensus estimate of $66.87 million. Vivint Solar had a net margin of 78.01% and a negative return on equity of 24.76%. The company’s revenue was up 59.9% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.41) EPS. sell-side analysts anticipate that Vivint Solar Inc will post -0.99 EPS for the current year.
VSLR has been the topic of several research reports. Bank of America set a $6.00 price objective on shares of Vivint Solar and gave the company a “buy” rating in a research note on Thursday, March 8th. Zacks Investment Research raised shares of Vivint Solar from a “hold” rating to a “buy” rating and set a $4.50 price objective for the company in a report on Saturday, January 6th. Guggenheim reiterated a “neutral” rating and set a $5.00 target price on shares of Vivint Solar in a research note on Thursday, January 18th. They noted that the move was a valuation call. Finally, ValuEngine upgraded shares of Vivint Solar from a “strong sell” rating to a “sell” rating in a research note on Friday, February 2nd. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $5.25.
Hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. boosted 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 company’s stock worth $10,200,000 after buying an additional 329,748 shares in the last quarter. Quentec Asset Management LLC raised its position in Vivint Solar by 24.5% in the 3rd quarter. Quentec Asset Management LLC now owns 3,964,748 shares of the company’s stock valued at $13,480,000 after buying an additional 781,333 shares during the last quarter. Guggenheim Capital LLC increased its position in shares of Vivint Solar by 84.1% during the 4th quarter. Guggenheim Capital LLC now owns 2,098,429 shares of the company’s stock valued at $8,499,000 after purchasing an additional 958,796 shares during the last quarter. Schwab Charles Investment Management Inc. increased its position in shares of Vivint Solar by 28.7% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 97,268 shares of the company’s stock valued at $394,000 after purchasing an additional 21,712 shares during the last quarter. Finally, Allegis Investment Advisors LLC purchased a new stake in shares of Vivint Solar during the 4th quarter valued at $105,000. Institutional investors and hedge funds own 92.75% of the company’s stock.
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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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