David Bywater Sells 75,463 Shares of Vivint Solar Inc (NYSE:VSLR) Stock

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Vivint Solar Inc (NYSE:VSLR) CEO David Bywater sold 75,463 shares of the company’s stock in a transaction on Friday, January 17th. The stock was sold at an average price of $9.00, for a total transaction of $679,167.00. Following the transaction, the chief executive officer now directly owns 1,173,176 shares in the company, valued at $10,558,584. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

David Bywater also recently made the following trade(s):

  • On Thursday, December 12th, David Bywater sold 87,355 shares of Vivint Solar stock. The stock was sold at an average price of $7.53, for a total transaction of $657,783.15.
  • On Tuesday, November 26th, David Bywater sold 7,600 shares of Vivint Solar stock. The stock was sold at an average price of $7.51, for a total transaction of $57,076.00.

Shares of NYSE VSLR opened at $8.88 on Thursday. The stock has a market cap of $1.08 billion, a price-to-earnings ratio of -13.06 and a beta of 0.41. Vivint Solar Inc has a 52 week low of $3.84 and a 52 week high of $9.82. The company’s 50-day moving average price is $7.83 and its 200 day moving average price is $7.56. The company has a current ratio of 0.95, a quick ratio of 0.91 and a debt-to-equity ratio of 4.27.

Vivint Solar (NYSE:VSLR) last issued its quarterly earnings data on Wednesday, November 6th. The company reported ($0.99) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.51) by ($0.48). The business had revenue of $103.80 million during the quarter, compared to analyst estimates of $96.76 million. Vivint Solar had a negative net margin of 24.89% and a negative return on equity of 115.40%. Vivint Solar’s revenue was up 33.2% on a year-over-year basis. During the same period in the previous year, the company posted ($0.61) earnings per share. As a group, research analysts expect that Vivint Solar Inc will post -3.15 earnings per share for the current year.

VSLR has been the topic of a number of recent analyst reports. ValuEngine cut shares of Vivint Solar from a “buy” rating to a “hold” rating in a research note on Tuesday, December 24th. Zacks Investment Research cut shares of Vivint Solar from a “buy” rating to a “hold” rating in a research note on Saturday, January 11th. Finally, Citigroup set a $11.00 price objective on shares of Vivint Solar and gave the company a “buy” rating in a research note on Monday, September 30th. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Vivint Solar currently has a consensus rating of “Buy” and a consensus target price of $11.67.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Foresight Wealth Management LLC acquired a new stake in Vivint Solar in the 4th quarter valued at about $85,000. Metropolitan Life Insurance Co NY acquired a new stake in Vivint Solar in the 3rd quarter valued at about $107,000. Millennium Management LLC grew its stake in Vivint Solar by 549.9% in the 3rd quarter. Millennium Management LLC now owns 1,318,474 shares of the company’s stock valued at $8,622,000 after acquiring an additional 1,115,609 shares during the last quarter. Phoenix Holdings Ltd. acquired a new stake in Vivint Solar in the 3rd quarter valued at about $16,128,000. Finally, State Street Corp grew its stake in Vivint Solar by 4.7% in the 3rd quarter. State Street Corp now owns 876,578 shares of the company’s stock valued at $5,733,000 after acquiring an additional 39,273 shares during the last quarter. 97.95% of the stock is currently 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.

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