Insider Selling: Vivint Solar Inc (NYSE:VSLR) CFO Sells 17,426 Shares of Stock

Vivint Solar Inc (NYSE:VSLR) CFO Dana C. Russell sold 17,426 shares of the stock in a transaction on Thursday, March 8th. The shares were sold at an average price of $3.25, for a total value of $56,634.50. Following the completion of the transaction, the chief financial officer now directly owns 337,658 shares in the company, valued at approximately $1,097,388.50. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Shares of NYSE VSLR remained flat at $$4.00 during trading on Friday. 522,257 shares of the stock traded hands, compared to its average volume of 499,675. 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 52-week low of $2.65 and a 52-week high of $6.09. The firm has a market capitalization of $436.10, a price-to-earnings ratio of -2.53 and a beta of -0.51.

Vivint Solar (NYSE:VSLR) last issued its quarterly earnings data on Wednesday, March 7th. The company reported ($0.43) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.32) by ($0.11). Vivint Solar had a negative return on equity of 24.76% and a net margin of 78.01%. The firm had revenue of $66.78 million during the quarter, compared to the consensus estimate of $66.87 million. During the same period in the previous year, the company posted ($0.41) earnings per share. The company’s revenue for the quarter was up 59.9% on a year-over-year basis. sell-side analysts forecast that Vivint Solar Inc will post -0.99 earnings per share for the current fiscal year.

VSLR has been the subject of several analyst reports. Zacks Investment Research upgraded Vivint Solar from a “hold” rating to a “buy” rating and set a $4.50 price objective for the company in a report on Saturday, January 6th. Guggenheim reiterated a “neutral” rating and issued a $5.00 price target on shares of Vivint Solar in a research report on Thursday, January 18th. They noted that the move was a valuation call. Bank of America set a $6.00 price target on shares of Vivint Solar and gave the company a “buy” rating in a research report on Thursday, March 8th. Finally, ValuEngine upgraded shares of Vivint Solar from a “strong sell” rating to a “sell” rating in a research report on Friday, February 2nd. One research analyst has rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $5.25.

Several institutional investors have recently added to or reduced their stakes in VSLR. Allegis Investment Advisors LLC bought a new position in Vivint Solar in the 4th quarter worth approximately $105,000. Dynamic Technology Lab Private Ltd lifted its stake in Vivint Solar by 191.3% in the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 55,812 shares of the company’s stock worth $190,000 after purchasing an additional 36,651 shares in the last quarter. Teachers Advisors LLC lifted its stake in Vivint Solar by 6.8% in the 2nd quarter. Teachers Advisors LLC now owns 47,791 shares of the company’s stock worth $280,000 after purchasing an additional 3,062 shares in the last quarter. 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 worth $394,000 after purchasing an additional 21,712 shares in the last quarter. Finally, TIAA CREF Investment Management LLC lifted its stake in Vivint Solar by 18.6% in the 2nd quarter. TIAA CREF Investment Management LLC now owns 74,926 shares of the company’s stock worth $438,000 after purchasing an additional 11,746 shares in the last quarter. 92.75% of the stock is owned by hedge funds and other institutional investors.

TRADEMARK VIOLATION WARNING: This story was originally published by BBNS and is the property of of BBNS. If you are viewing this story on another domain, it was illegally stolen and republished in violation of US and international copyright and trademark legislation. The original version of this story can be read at https://baseballnewssource.com/2018/04/07/vivint-solar-inc-vslr-cfo-sells-56634-50-in-stock/2038016.html.

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)

Receive News & Ratings for Vivint Solar Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Vivint Solar and related companies with MarketBeat.com's FREE daily email newsletter.

 




Latest News

Teen Juan Soto Hits Home Run in First At-Bat
Teen Juan Soto Hits Home Run in First At-Bat
Ji-Man Choi Receives Another Chance in Milwaukee
Ji-Man Choi Receives Another Chance in Milwaukee
Marlins vs Dodgers sets a 10-year record in MGM sportsbooks
Marlins vs Dodgers sets a 10-year record in MGM sportsbooks
Strikeouts Once Again Plaguing Cubs
Strikeouts Once Again Plaguing Cubs
Atlanta Braves: A Mix of Young and Old
Atlanta Braves: A Mix of Young and Old
Major League Baseball is Back and Astros Favored to Repeat
Major League Baseball is Back and Astros Favored to Repeat


Leave a Reply

 
© 2006-2018 BBNS.