Insider Selling: Vivint Solar Inc (VSLR) Insider Sells $20,934.00 in Stock

Vivint Solar Inc (NYSE:VSLR) insider L. Chance Allred sold 3,489 shares of the stock in a transaction dated Tuesday, November 20th. The stock was sold at an average price of $6.00, for a total transaction of $20,934.00. Following the sale, the insider now owns 173,040 shares of the company’s stock, valued at approximately $1,038,240. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

L. Chance Allred also recently made the following trade(s):

  • On Tuesday, October 2nd, L. Chance Allred sold 3,489 shares of Vivint Solar stock. The stock was sold at an average price of $5.50, for a total transaction of $19,189.50.
  • On Thursday, September 6th, L. Chance Allred sold 18,715 shares of Vivint Solar stock. The stock was sold at an average price of $4.92, for a total transaction of $92,077.80.

Shares of Vivint Solar stock opened at $5.67 on Friday. The stock has a market cap of $705.66 million, a P/E ratio of -3.59 and a beta of -0.38. The company has a quick ratio of 1.48, a current ratio of 1.58 and a debt-to-equity ratio of 3.23. Vivint Solar Inc has a 12-month low of $2.70 and a 12-month high of $6.16.

Vivint Solar (NYSE:VSLR) last announced its earnings results on Tuesday, November 6th. The company reported ($0.61) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.22) by ($0.39). The firm had revenue of $77.88 million for the quarter, compared to analyst estimates of $88.54 million. Vivint Solar had a negative return on equity of 50.31% and a net margin of 61.71%. The company’s revenue for the quarter was up 3.7% compared to the same quarter last year. During the same quarter last year, the business earned ($0.33) EPS. As a group, equities research analysts forecast that Vivint Solar Inc will post -2.08 EPS for the current fiscal year.

VSLR has been the subject of a number of recent analyst reports. Zacks Investment Research cut shares of Vivint Solar from a “hold” rating to a “sell” rating in a research report on Saturday, August 11th. JMP Securities upgraded shares of Vivint Solar from a “market perform” rating to an “outperform” rating in a research report on Wednesday, August 8th. Finally, ValuEngine upgraded shares of Vivint Solar from a “hold” rating to a “buy” rating in a research report on Thursday, November 8th. One equities research analyst has rated the stock with a sell rating and four have given a buy rating to the company. Vivint Solar has an average rating of “Buy” and a consensus target price of $5.50.

A number of institutional investors and hedge funds have recently bought and sold shares of VSLR. PEAK6 Investments LLC bought a new position in shares of Vivint Solar in the 3rd quarter valued at about $121,000. DekaBank Deutsche Girozentrale boosted its stake in shares of Vivint Solar by 312.9% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 28,076 shares of the company’s stock valued at $149,000 after purchasing an additional 21,276 shares during the last quarter. Dynamic Technology Lab Private Ltd boosted its stake in shares of Vivint Solar by 217.5% in the 2nd quarter. Dynamic Technology Lab Private Ltd now owns 33,671 shares of the company’s stock valued at $167,000 after purchasing an additional 23,065 shares during the last quarter. Virtu Financial LLC bought a new position in shares of Vivint Solar in the 3rd quarter valued at about $180,000. Finally, Kayne Anderson Capital Advisors LP bought a new position in shares of Vivint Solar in the 2nd quarter valued at about $206,000. Hedge funds and other institutional investors own 89.23% of the company’s stock.

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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.

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

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