Vivint Solar Inc (NYSE:VSLR) CRO Paul S. Dickson sold 60,000 shares of the stock in a transaction that occurred on Wednesday, June 13th. The shares were sold at an average price of $4.50, for a total value of $270,000.00. Following the transaction, the executive now owns 242,235 shares in the company, valued at approximately $1,090,057.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Shares of VSLR traded up $0.55 during mid-day trading on Thursday, hitting $5.00. The company’s stock had a trading volume of 1,679,466 shares, compared to its average volume of 496,589. Vivint Solar Inc has a one year low of $2.70 and a one year high of $6.09. The company has a current ratio of 0.99, a quick ratio of 0.88 and a debt-to-equity ratio of 2.68. The stock has a market capitalization of $455.55 million, a price-to-earnings ratio of -3.16 and a beta of -0.51.
Vivint Solar (NYSE:VSLR) last posted its quarterly earnings data on Tuesday, May 8th. The company reported ($0.53) earnings per share for the quarter, missing the consensus estimate of ($0.32) by ($0.21). Vivint Solar had a net margin of 64.57% and a negative return on equity of 28.69%. The business had revenue of $68.30 million during the quarter, compared to the consensus estimate of $67.56 million. During the same period in the prior year, the company posted ($0.50) earnings per share. The firm’s revenue was up 28.6% compared to the same quarter last year. equities analysts predict that Vivint Solar Inc will post -1.18 EPS for the current year.
Several institutional investors and hedge funds have recently bought and sold shares of the company. Millennium Management LLC bought a new stake in shares of Vivint Solar in the first quarter valued at approximately $1,969,000. JPMorgan Chase & Co. boosted its position in shares of Vivint Solar by 402.4% in the first quarter. JPMorgan Chase & Co. now owns 82,527 shares of the company’s stock valued at $301,000 after acquiring an additional 66,101 shares during the period. Victory Capital Management Inc. boosted its position in shares of Vivint Solar by 141.4% in the first quarter. Victory Capital Management Inc. now owns 51,867 shares of the company’s stock valued at $189,000 after acquiring an additional 30,383 shares during the period. Guggenheim Capital LLC boosted its position in shares of Vivint Solar by 84.1% in the fourth quarter. Guggenheim Capital LLC now owns 2,098,429 shares of the company’s stock valued at $8,499,000 after acquiring an additional 958,796 shares during the period. Finally, Bank of New York Mellon Corp boosted its position in shares of Vivint Solar by 161.8% in the fourth quarter. Bank of New York Mellon Corp now owns 338,412 shares of the company’s stock valued at $1,371,000 after acquiring an additional 209,141 shares during the period. 90.98% of the stock is owned by institutional investors.
Several equities analysts have commented on VSLR shares. ValuEngine downgraded Vivint Solar from a “sell” rating to a “strong sell” rating in a report on Monday, April 2nd. Bank of America set a $6.00 price target on Vivint Solar and gave the company a “buy” rating in a report on Thursday, March 8th. Finally, Zacks Investment Research downgraded Vivint Solar from a “buy” rating to a “hold” rating and set a $4.50 price target on the stock. in a report on Thursday, April 26th. Five research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Vivint Solar presently has an average rating of “Hold” and a consensus target price of $5.50.
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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