Vivint Solar Inc (VSLR) Director Joseph S. Tibbetts, Jr. Sells 20,000 Shares

Vivint Solar Inc (NYSE:VSLR) Director Joseph S. Tibbetts, Jr. sold 20,000 shares of the firm’s stock in a transaction on Tuesday, August 14th. The stock was sold at an average price of $5.11, for a total value of $102,200.00. Following the completion of the sale, the director now directly owns 65,689 shares of the company’s stock, valued at $335,670.79. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Shares of VSLR traded up $0.15 during midday trading on Thursday, reaching $5.25. The company had a trading volume of 212,300 shares, compared to its average volume of 503,115. Vivint Solar Inc has a 1-year low of $2.70 and a 1-year high of $6.15. The company has a market capitalization of $640.44 million, a PE ratio of -3.29 and a beta of -0.41. The company has a quick ratio of 1.68, a current ratio of 1.77 and a debt-to-equity ratio of 3.20.

Vivint Solar (NYSE:VSLR) last issued its earnings results on Tuesday, August 7th. The company reported ($0.50) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.20) by ($0.30). The company had revenue of $80.80 million during the quarter, compared to analyst estimates of $91.30 million. Vivint Solar had a negative return on equity of 36.77% and a net margin of 67.35%. equities analysts anticipate that Vivint Solar Inc will post -1.55 earnings per share for the current fiscal year.

A number of analysts have issued reports on the company. ValuEngine downgraded Vivint Solar from a “hold” rating to a “sell” rating in a research note on Thursday, June 21st. JMP Securities raised Vivint Solar from a “market perform” rating to an “outperform” rating in a research note on Wednesday, August 8th. Zacks Investment Research downgraded Vivint Solar from a “hold” rating to a “sell” rating in a research note on Saturday, August 11th. Guggenheim raised Vivint Solar from a “neutral” rating to a “buy” rating in a research note on Friday, June 22nd. Finally, Bank of America raised their target price on Vivint Solar from $6.50 to $7.00 and gave the stock a “buy” rating in a research note on Tuesday, July 24th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $5.50.

Several large investors have recently modified their holdings of VSLR. Bank of New York Mellon Corp increased its position in shares of Vivint Solar by 161.8% during the 4th quarter. Bank of New York Mellon Corp now owns 338,412 shares of the company’s stock worth $1,371,000 after purchasing an additional 209,141 shares during the last quarter. Victory Capital Management Inc. increased its position in shares of Vivint Solar by 141.4% during the 1st quarter. Victory Capital Management Inc. now owns 51,867 shares of the company’s stock worth $189,000 after purchasing an additional 30,383 shares during the last quarter. JPMorgan Chase & Co. increased its position in shares of Vivint Solar by 402.4% during the 1st quarter. JPMorgan Chase & Co. now owns 82,527 shares of the company’s stock worth $301,000 after purchasing an additional 66,101 shares during the last quarter. Millennium Management LLC acquired a new stake in shares of Vivint Solar during the 1st quarter worth about $1,969,000. Finally, Perella Weinberg Partners Capital Management LP acquired a new stake in shares of Vivint Solar during the 2nd quarter worth about $674,000. 91.18% of the stock is owned by hedge funds and other institutional investors.

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.

Further Reading: Google Finance Portfolio Workaround

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.

Leave a Reply