Insider Selling: Vivint Solar Inc (VSLR) Insider Sells 94,823 Shares of Stock

Vivint Solar Inc (NYSE:VSLR) insider L. Chance Allred sold 94,823 shares of the business’s stock in a transaction on Wednesday, June 13th. The stock was sold at an average price of $4.50, for a total transaction of $426,703.50. Following the transaction, the insider now directly owns 254,243 shares in the company, valued at $1,144,093.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

L. Chance Allred also recently made the following trade(s):

  • On Thursday, May 24th, L. Chance Allred sold 45,800 shares of Vivint Solar stock. The stock was sold at an average price of $3.83, for a total transaction of $175,414.00.
  • On Tuesday, May 29th, L. Chance Allred sold 91,463 shares of Vivint Solar stock. The shares were sold at an average price of $3.72, for a total transaction of $340,242.36.
  • On Monday, May 14th, L. Chance Allred sold 222,944 shares of Vivint Solar stock. The shares were sold at an average price of $4.50, for a total transaction of $1,003,248.00.
  • On Friday, May 11th, L. Chance Allred sold 18,211 shares of Vivint Solar stock. The shares were sold at an average price of $4.50, for a total transaction of $81,949.50.

VSLR traded up $0.55 during trading on Thursday, hitting $5.00. The company had a trading volume of 1,679,466 shares, compared to its average volume of 496,589. The stock has a market capitalization of $455.55 million, a PE ratio of -3.16 and a beta of -0.51. The company has a debt-to-equity ratio of 2.68, a current ratio of 0.99 and a quick ratio of 0.88. Vivint Solar Inc has a 1-year low of $2.70 and a 1-year high of $6.09.

Vivint Solar (NYSE:VSLR) last released its earnings results 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 for the quarter, compared to the consensus estimate of $67.56 million. During the same quarter in the previous year, the firm earned ($0.50) EPS. The firm’s revenue for the quarter was up 28.6% on a year-over-year basis. equities research analysts forecast that Vivint Solar Inc will post -1.18 earnings per share for the current fiscal year.

Several analysts recently issued reports on the stock. ValuEngine raised shares of Vivint Solar from a “sell” rating to a “hold” rating in a report on Saturday, June 2nd. Zacks Investment Research cut shares of Vivint Solar from a “buy” rating to a “hold” rating in a report on Wednesday, May 9th. Finally, Bank of America set a $6.00 price target on shares of Vivint Solar and gave the company a “buy” rating in a report on Thursday, March 8th. Five research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $5.50.

Hedge funds have recently added to or reduced their stakes in the business. Victory Capital Management Inc. grew its position in shares of Vivint Solar by 141.4% during the first quarter. Victory Capital Management Inc. now owns 51,867 shares of the company’s stock worth $189,000 after acquiring an additional 30,383 shares during the last quarter. JPMorgan Chase & Co. grew its position in shares of Vivint Solar by 402.4% during the first quarter. JPMorgan Chase & Co. now owns 82,527 shares of the company’s stock worth $301,000 after acquiring an additional 66,101 shares during the last quarter. Schwab Charles Investment Management Inc. grew its position in shares of Vivint Solar by 28.7% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 97,268 shares of the company’s stock worth $394,000 after acquiring an additional 21,712 shares during the last quarter. Bank of New York Mellon Corp grew its position in shares of Vivint Solar by 161.8% during the fourth quarter. Bank of New York Mellon Corp now owns 338,412 shares of the company’s stock worth $1,371,000 after acquiring an additional 209,141 shares during the last quarter. Finally, Millennium Management LLC bought a new position in shares of Vivint Solar during the first quarter worth about $1,969,000. Hedge funds and other institutional investors own 90.98% of the company’s stock.

About Vivint Solar

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.

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

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