Vivint Solar Inc (NYSE:VSLR) CFO Dana C. Russell sold 36,415 shares of the stock in a transaction dated Monday, March 12th. The stock was sold at an average price of $3.25, for a total value of $118,348.75. Following the transaction, the chief financial officer now owns 337,658 shares of the company’s stock, valued at approximately $1,097,388.50. The transaction was disclosed in a filing with the SEC, which is available at this link.
Shares of NYSE VSLR remained flat at $$4.00 during mid-day trading on Friday. The stock had a trading volume of 522,257 shares, compared to its average volume of 499,675. The company has a market cap of $436.10, a PE ratio of -2.53 and a beta of -0.51. 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 12 month low of $2.65 and a 12 month high of $6.09.
Vivint Solar (NYSE:VSLR) last announced its quarterly earnings data on Wednesday, March 7th. The company reported ($0.43) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.32) by ($0.11). The company 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%. Vivint Solar’s revenue was up 59.9% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.41) EPS. sell-side analysts anticipate that Vivint Solar Inc will post -0.99 earnings per share for the current fiscal year.
A number of equities analysts have issued reports on the company. Guggenheim reiterated a “neutral” rating and set a $5.00 target price on shares of Vivint Solar in a report on Thursday, January 18th. They noted that the move was a valuation call. ValuEngine cut Vivint Solar from a “sell” rating to a “strong sell” rating in a report on Monday. Bank of America set a $6.00 target price 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 target price for the company in a report on Saturday, January 6th. One research analyst has rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the stock. Vivint Solar has a consensus rating of “Hold” and an average price target of $5.25.
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About Vivint Solar
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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