Insider Selling: Vivint Solar Inc (NYSE:VSLR) Director Sells 100,000 Shares of Stock

Share on StockTwits

Vivint Solar Inc (NYSE:VSLR) Director Todd R. Pedersen sold 100,000 shares of the company’s stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $7.60, for a total value of $760,000.00. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

VSLR stock opened at $8.50 on Thursday. The stock’s 50 day simple moving average is $8.07 and its 200 day simple moving average is $6.36. Vivint Solar Inc has a fifty-two week low of $3.55 and a fifty-two week high of $9.82. The company has a debt-to-equity ratio of 3.70, a quick ratio of 0.85 and a current ratio of 0.89. The company has a market cap of $970.52 million, a P/E ratio of -3.57 and a beta of 0.36.

Vivint Solar (NYSE:VSLR) last posted its quarterly earnings results on Thursday, August 8th. The company reported ($0.73) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.56) by ($0.17). Vivint Solar had a negative return on equity of 97.07% and a negative net margin of 25.06%. The firm had revenue of $90.80 million for the quarter, compared to analyst estimates of $91.92 million. During the same period last year, the company posted ($0.50) earnings per share. The firm’s quarterly revenue was up 12.4% compared to the same quarter last year. Equities analysts predict that Vivint Solar Inc will post -2.66 earnings per share for the current year.

VSLR has been the topic of a number of research reports. Bank of America upped their price target on Vivint Solar from $12.50 to $14.00 and gave the stock a “buy” rating in a research note on Friday, August 9th. KeyCorp initiated coverage on Vivint Solar in a research note on Monday. They set an “overweight” rating and a $12.00 price target on the stock. Zacks Investment Research raised Vivint Solar from a “sell” rating to a “hold” rating in a research note on Saturday, May 11th. Citigroup raised Vivint Solar from a “neutral” rating to a “buy” rating and upped their price target for the stock from $4.25 to $8.50 in a research note on Tuesday, May 7th. Finally, Roth Capital initiated coverage on Vivint Solar in a research note on Monday, May 6th. They set a “buy” rating and a $10.00 price target on the stock. One investment analyst has rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $11.25.

Several institutional investors have recently modified their holdings of VSLR. Bank of Montreal Can raised its stake in shares of Vivint Solar by 1,260.2% in the second quarter. Bank of Montreal Can now owns 3,659 shares of the company’s stock worth $27,000 after purchasing an additional 3,390 shares during the last quarter. Point72 Hong Kong Ltd purchased a new stake in shares of Vivint Solar in the second quarter worth approximately $37,000. BNP Paribas Arbitrage SA raised its stake in shares of Vivint Solar by 742.3% in the first quarter. BNP Paribas Arbitrage SA now owns 8,768 shares of the company’s stock worth $44,000 after purchasing an additional 7,727 shares during the last quarter. Two Sigma Advisers LP purchased a new stake in shares of Vivint Solar in the fourth quarter worth approximately $67,000. Finally, Weiss Asset Management LP raised its stake in shares of Vivint Solar by 28.0% in the first quarter. Weiss Asset Management LP now owns 20,574 shares of the company’s stock worth $102,000 after purchasing an additional 4,495 shares during the last quarter. 90.28% of the stock is owned by hedge funds and other institutional investors.

Vivint Solar Company Profile

Vivint Solar, Inc provides distributed solar energy primarily to residential customers in the United States. 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. As of December 31, 2018, it had an aggregate capacity of 1,060.9 megawatts covering approximately 154,600 homes.

Featured Article: What is an overbought condition?

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

Cloverdale Capital Management LLC Buys 18,772 Shares of Mohawk Industries, Inc.
Cloverdale Capital Management LLC Buys 18,772 Shares of Mohawk Industries, Inc.
Perspecta Inc  Shares Sold by Cloverdale Capital Management LLC
Perspecta Inc Shares Sold by Cloverdale Capital Management LLC
Eminence Capital LP Invests $12.90 Million in Sothebys
Eminence Capital LP Invests $12.90 Million in Sothebys
Eminence Capital LP Has $26.53 Million Stake in Asbury Automotive Group, Inc.
Eminence Capital LP Has $26.53 Million Stake in Asbury Automotive Group, Inc.
Eminence Capital LP Cuts Holdings in TAKE-TWO INTERACTIVE SOFTWARE, INC
Eminence Capital LP Cuts Holdings in TAKE-TWO INTERACTIVE SOFTWARE, INC
Eminence Capital LP Sells 226,265 Shares of Thermo Fisher Scientific Inc.
Eminence Capital LP Sells 226,265 Shares of Thermo Fisher Scientific Inc.


© 2006-2019 Ticker Report