L. Chance Allred Sells 8,085 Shares of Vivint Solar Inc (NYSE:VSLR) Stock

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Vivint Solar Inc (NYSE:VSLR) insider L. Chance Allred sold 8,085 shares of the company’s stock in a transaction on Friday, September 6th. The shares were sold at an average price of $8.00, for a total transaction of $64,680.00. Following the sale, the insider now directly owns 189,962 shares in the company, valued at approximately $1,519,696. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Shares of VSLR opened at $7.34 on Thursday. The company has a current ratio of 0.89, a quick ratio of 0.85 and a debt-to-equity ratio of 3.70. The stock has a market capitalization of $895.12 million, a P/E ratio of -3.08 and a beta of 0.37. The firm’s fifty day simple moving average is $8.02 and its two-hundred day simple moving average is $6.70. Vivint Solar Inc has a 12 month low of $3.55 and a 12 month high of $9.82.

Vivint Solar (NYSE:VSLR) last issued its quarterly earnings results on Thursday, August 8th. The company reported ($0.73) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.56) by ($0.17). The firm had revenue of $90.80 million for the quarter, compared to the consensus estimate 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 was up 12.4% compared to the same quarter last year. During the same period last year, the company posted ($0.50) EPS. As a group, research analysts predict that Vivint Solar Inc will post -2.66 EPS for the current fiscal year.

VSLR has been the topic of a number of research analyst reports. KeyCorp initiated coverage on shares of Vivint Solar in a research report on Monday, August 19th. They set an “overweight” rating and a $12.00 price target on the stock. Oppenheimer set a $11.00 price target on shares of Vivint Solar and gave the company a “buy” rating in a research report on Friday, August 9th. Finally, Bank of America upped their price target on shares of Vivint Solar from $12.50 to $14.00 and gave the company a “buy” rating in a research report 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 given a strong buy rating to the stock. Vivint Solar has an average rating of “Buy” and a consensus price target of $11.25.

Institutional investors and hedge funds have recently modified their holdings of the business. Bank of Montreal Can boosted its position in Vivint Solar by 1,260.2% during 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 last quarter. Point72 Hong Kong Ltd bought a new position in shares of Vivint Solar during the 2nd quarter worth about $37,000. BNP Paribas Arbitrage SA boosted its position in shares of Vivint Solar by 742.3% during the 1st 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 in the last quarter. Weiss Asset Management LP boosted its position in shares of Vivint Solar by 28.0% during the 1st 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 in the last quarter. Finally, Aperio Group LLC bought a new position in shares of Vivint Solar during the 2nd quarter worth about $110,000. 91.45% of the stock is currently owned by institutional investors and hedge funds.

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.

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

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