Vivint Solar (NYSE:VSLR) insider L. Chance Allred sold 222,944 shares of Vivint Solar stock in a transaction that occurred on Monday, May 14th. The shares were sold at an average price of $4.50, for a total transaction of $1,003,248.00. Following the completion of the sale, the insider now owns 449,967 shares of the company’s stock, valued at approximately $2,024,851.50. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
L. Chance Allred also recently made the following trade(s):
- On Friday, May 11th, L. Chance Allred sold 18,211 shares of Vivint Solar stock. The stock was sold at an average price of $4.50, for a total transaction of $81,949.50.
Vivint Solar opened at $4.40 on Tuesday, Marketbeat Ratings reports. The firm has a market capitalization of $495.91 million, a price-to-earnings ratio of -2.78 and a beta of -0.52. The company has a debt-to-equity ratio of 2.68, a current ratio of 0.99 and a quick ratio of 0.88. Vivint Solar has a 52 week low of $4.40 and a 52 week high of $4.50.
Vivint Solar (NYSE:VSLR) last posted its quarterly earnings results on Tuesday, May 8th. The company reported ($0.53) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.32) by ($0.21). The business had revenue of $68.30 million during the quarter, compared to analyst estimates of $67.56 million. Vivint Solar had a negative return on equity of 28.69% and a net margin of 64.57%. The business’s revenue was up 28.6% on a year-over-year basis. During the same quarter last year, the firm earned ($0.50) EPS. sell-side analysts anticipate that Vivint Solar will post -1.18 earnings per share for the current fiscal year.
Several research firms have commented on VSLR. 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 Friday, April 20th. Guggenheim restated 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 Wednesday, May 2nd. Finally, Bank of America set a $6.00 price target on shares of Vivint Solar and gave the stock a “buy” rating in a research note on Thursday, March 8th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company’s stock. Vivint Solar presently has a consensus rating of “Hold” and a consensus target price of $5.50.
Several institutional investors have recently added to or reduced their stakes in VSLR. Guggenheim Capital LLC lifted 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 worth $8,499,000 after purchasing an additional 958,796 shares during the last quarter. Bank of New York Mellon Corp lifted its position in shares of Vivint Solar by 161.8% during the 4th quarter. Bank of New York Mellon Corp now owns 338,412 shares of the company’s stock worth $1,371,000 after purchasing an additional 209,141 shares during the last quarter. JPMorgan Chase & Co. lifted its position in shares of Vivint Solar by 402.4% during the 1st quarter. JPMorgan Chase & Co. now owns 82,527 shares of the company’s stock worth $301,000 after purchasing an additional 66,101 shares during the last quarter. Victory Capital Management Inc. lifted its position in shares of Vivint Solar by 141.4% during the 1st quarter. Victory Capital Management Inc. now owns 51,867 shares of the company’s stock worth $189,000 after purchasing an additional 30,383 shares during the last quarter. Finally, Allegis Investment Advisors LLC purchased a new stake in shares of Vivint Solar during the 4th quarter worth $105,000. 88.85% of the stock is owned by institutional investors and hedge funds.
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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