Vivint Solar Inc (NYSE:VSLR) CFO Sells $70,232.10 in Stock

Share on StockTwits

Vivint Solar Inc (NYSE:VSLR) CFO Dana C. Russell sold 8,790 shares of the business’s stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $7.99, for a total transaction of $70,232.10. Following the sale, the chief financial officer now owns 303,649 shares in the company, valued at $2,426,155.51. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Shares of VSLR opened at $7.34 on Thursday. The stock has a 50 day moving average price of $8.02 and a 200 day moving average price of $6.70. The company has a quick ratio of 0.85, a current ratio of 0.89 and a debt-to-equity ratio of 3.70. The company has a market capitalization of $895.12 million, a price-to-earnings ratio of -3.08 and a beta of 0.37. Vivint Solar Inc has a 52-week low of $3.55 and a 52-week high of $9.82.

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

A number of brokerages have issued reports on VSLR. Oppenheimer set a $11.00 price target on shares of Vivint Solar and gave the stock a “buy” rating in a research note on Friday, August 9th. KeyCorp initiated coverage on shares of Vivint Solar in a research note on Monday, August 19th. They set an “overweight” rating and a $12.00 target price on the stock. Finally, Bank of America upped their target price on shares of Vivint Solar from $12.50 to $14.00 and gave the stock a “buy” rating in a research note on Friday, August 9th. One equities research analyst has rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. Vivint Solar has a consensus rating of “Buy” and an average price target of $11.25.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Bank of Montreal Can boosted its holdings 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 valued at $27,000 after acquiring an additional 3,390 shares during the period. Point72 Hong Kong Ltd acquired a new stake in shares of Vivint Solar in the second quarter valued at approximately $37,000. BNP Paribas Arbitrage SA boosted its holdings 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 valued at $44,000 after acquiring an additional 7,727 shares during the period. Weiss Asset Management LP boosted its holdings 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 valued at $102,000 after acquiring an additional 4,495 shares during the period. Finally, Aperio Group LLC acquired a new stake in shares of Vivint Solar during the second quarter worth $110,000. 91.45% of the stock is owned by hedge funds and other institutional investors.

About Vivint Solar

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.

Read More: Can individual investors take part in an IPO?

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

NXT-ID  Given Hold Rating at Maxim Group
NXT-ID Given Hold Rating at Maxim Group
Orchard Therapeutics  Stock Rating Lowered by Zacks Investment Research
Orchard Therapeutics Stock Rating Lowered by Zacks Investment Research
Premier Financial Bancorp  Rating Increased to Hold at BidaskClub
Premier Financial Bancorp Rating Increased to Hold at BidaskClub
Oppenheimer Begins Coverage on Papa John’s Int’l
Oppenheimer Begins Coverage on Papa John’s Int’l
Ritter Pharmaceuticals  Downgraded by ValuEngine
Ritter Pharmaceuticals Downgraded by ValuEngine
Sandy Spring Bancorp  Raised to Hold at BidaskClub
Sandy Spring Bancorp Raised to Hold at BidaskClub


© 2006-2019 Ticker Report