Insider Selling: Vivint Solar Inc (VSLR) CFO Sells 36,415 Shares of Stock

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.

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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.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Guggenheim Capital LLC grew its holdings in shares of Vivint Solar by 84.1% in the 4th 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 in the last quarter. Bank of New York Mellon Corp lifted its stake in Vivint Solar by 161.8% in the 4th quarter. Bank of New York Mellon Corp now owns 338,412 shares of the company’s stock valued at $1,371,000 after purchasing an additional 209,141 shares during the last quarter. Allegis Investment Advisors LLC acquired a new stake in Vivint Solar in the 4th quarter valued at about $105,000. Schwab Charles Investment Management Inc. lifted its stake in Vivint Solar by 28.7% in 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, Quentec Asset Management LLC lifted its stake 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 purchasing an additional 781,333 shares during the last quarter. Institutional investors own 92.75% of the company’s stock.

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.

Insider Buying and Selling by Quarter for Vivint Solar (NYSE:VSLR)

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