Vivint Solar Inc (NYSE:VSLR) insider L. Chance Allred sold 4,715 shares of the stock in a transaction on Thursday, December 6th. The stock was sold at an average price of $5.07, for a total value of $23,905.05. Following the transaction, the insider now owns 164,836 shares of the company’s stock, valued at approximately $835,718.52. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.
L. Chance Allred also recently made the following trade(s):
- On Tuesday, November 20th, L. Chance Allred sold 3,489 shares of Vivint Solar stock. The stock was sold at an average price of $6.00, for a total value of $20,934.00.
- On Tuesday, October 2nd, L. Chance Allred sold 3,489 shares of Vivint Solar stock. The stock was sold at an average price of $5.50, for a total value of $19,189.50.
Shares of VSLR stock traded down $0.18 on Friday, hitting $5.22. 1,418,385 shares of the stock were exchanged, compared to its average volume of 1,105,963. The company has a debt-to-equity ratio of 3.23, a quick ratio of 1.48 and a current ratio of 1.58. The company has a market capitalization of $644.30 million, a price-to-earnings ratio of -3.30 and a beta of -0.36. Vivint Solar Inc has a one year low of $2.70 and a one year high of $7.44.
Several research firms have recently weighed in on VSLR. Zacks Investment Research downgraded Vivint Solar from a “hold” rating to a “sell” rating in a research note on Saturday, August 11th. ValuEngine upgraded Vivint Solar from a “hold” rating to a “buy” rating in a research note on Thursday, November 8th. One equities research analyst has rated the stock with a sell rating and four have assigned a buy rating to the company’s stock. Vivint Solar has an average rating of “Buy” and an average target price of $5.50.
A number of institutional investors and hedge funds have recently modified their holdings of the stock. FMR LLC lifted its holdings in Vivint Solar by 17.2% during the 3rd quarter. FMR LLC now owns 10,679,047 shares of the company’s stock worth $55,531,000 after purchasing an additional 1,567,320 shares in the last quarter. BlackRock Inc. lifted its holdings in Vivint Solar by 0.9% during the 3rd quarter. BlackRock Inc. now owns 2,004,278 shares of the company’s stock worth $10,423,000 after purchasing an additional 17,483 shares in the last quarter. Vanguard Group Inc. lifted its holdings in Vivint Solar by 2.9% during the 3rd quarter. Vanguard Group Inc. now owns 1,918,306 shares of the company’s stock worth $9,975,000 after purchasing an additional 53,696 shares in the last quarter. Renaissance Technologies LLC lifted its holdings in Vivint Solar by 9.9% during the 2nd quarter. Renaissance Technologies LLC now owns 633,530 shares of the company’s stock worth $3,136,000 after purchasing an additional 57,300 shares in the last quarter. Finally, Bank of America Corp DE lifted its holdings in Vivint Solar by 1,965.0% during the 2nd quarter. Bank of America Corp DE now owns 562,550 shares of the company’s stock worth $2,784,000 after purchasing an additional 535,308 shares in the last quarter. 89.41% of the stock is currently owned by institutional investors and hedge funds.
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Vivint Solar Company Profile
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.
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