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

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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.

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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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