Vivint Solar Inc (NYSE:VSLR) Director Alex J. Dunn sold 200,000 shares of the stock in a transaction on Wednesday, March 14th. The stock was sold at an average price of $3.17, for a total transaction of $634,000.00. Following the transaction, the director now owns 268,749 shares of the company’s stock, valued at approximately $851,934.33. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
VSLR stock remained flat at $$4.00 during trading hours on Friday. 521,958 shares of the company’s stock were exchanged, compared to its average volume of 542,501. The company has a quick ratio of 0.97, a current ratio of 1.10 and a debt-to-equity ratio of 1.08. Vivint Solar Inc has a 12-month low of $2.65 and a 12-month high of $6.09.
Vivint Solar (NYSE:VSLR) last posted its earnings results on Wednesday, March 7th. The company reported ($0.43) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.32) by ($0.11). The company had revenue of $66.78 million for the quarter, compared to analyst estimates of $66.87 million. Vivint Solar had a negative return on equity of 24.76% and a net margin of 78.01%. The business’s quarterly revenue was up 59.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.41) EPS. equities research analysts predict that Vivint Solar Inc will post -0.99 earnings per share for the current fiscal year.
VSLR has been the subject of a number of recent analyst reports. Zacks Investment Research upgraded shares of Vivint Solar from a “hold” rating to a “buy” rating and set a $4.50 price target for the company in a research note on Saturday, January 6th. Guggenheim reiterated a “neutral” rating and issued a $5.00 price target on shares of Vivint Solar in a research note on Thursday, January 18th. They noted that the move was a valuation call. ValuEngine upgraded shares of Vivint Solar from a “strong sell” rating to a “sell” rating in a research note on Friday, February 2nd. Finally, Bank of America set a $6.00 price target on shares of Vivint Solar and gave the company a “buy” rating in a research note on Thursday, March 8th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $5.25.
Several hedge funds and other institutional investors have recently bought and sold shares of VSLR. Teachers Advisors LLC lifted its stake in shares of Vivint Solar by 6.8% during the 2nd quarter. Teachers Advisors LLC now owns 47,791 shares of the company’s stock worth $280,000 after buying an additional 3,062 shares during the last quarter. TIAA CREF Investment Management LLC lifted its stake in shares of Vivint Solar by 18.6% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 74,926 shares of the company’s stock worth $438,000 after buying an additional 11,746 shares during the last quarter. Vanguard Group Inc. lifted its stake 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 during the last quarter. State Street Corp lifted its stake in shares of Vivint Solar by 5.8% during the 2nd quarter. State Street Corp now owns 363,520 shares of the company’s stock worth $2,127,000 after buying an additional 20,027 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd lifted its stake in shares of Vivint Solar by 191.3% during the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 55,812 shares of the company’s stock worth $190,000 after buying an additional 36,651 shares during the last quarter. Institutional investors 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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