Vivint Solar Inc (VSLR) CRO Sells $23,908.50 in Stock

Vivint Solar Inc (NYSE:VSLR) CRO Paul S. Dickson sold 4,725 shares of the business’s stock in a transaction dated Thursday, December 6th. The shares were sold at an average price of $5.06, for a total value of $23,908.50. Following the completion of the transaction, the executive now directly owns 193,686 shares of the company’s stock, valued at approximately $980,051.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

VSLR stock traded down $0.18 during midday trading on Friday, reaching $5.22. The company had a trading volume of 1,418,385 shares, compared to its average volume of 1,105,963. The company has a market cap of $644.30 million, a PE ratio of -3.30 and a beta of -0.36. Vivint Solar Inc has a 1-year low of $2.70 and a 1-year high of $7.44. 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 (NYSE:VSLR) last posted its quarterly earnings results on Tuesday, November 6th. The company reported ($0.61) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.22) by ($0.39). The company had revenue of $77.88 million during the quarter, compared to analyst estimates of $88.54 million. Vivint Solar had a net margin of 61.71% and a negative return on equity of 50.31%. The firm’s revenue for the quarter was up 3.7% compared to the same quarter last year. During the same period last year, the firm earned ($0.33) EPS. On average, analysts anticipate that Vivint Solar Inc will post -2.08 EPS for the current fiscal year.

A number of hedge funds have recently bought and sold shares of VSLR. FMR LLC grew its position in Vivint Solar by 17.2% in the third quarter. FMR LLC now owns 10,679,047 shares of the company’s stock valued at $55,531,000 after acquiring an additional 1,567,320 shares during the last quarter. BlackRock Inc. grew its position in Vivint Solar by 0.9% in the third quarter. BlackRock Inc. now owns 2,004,278 shares of the company’s stock valued at $10,423,000 after acquiring an additional 17,483 shares during the last quarter. Vanguard Group Inc. grew its position in Vivint Solar by 2.9% in the third quarter. Vanguard Group Inc. now owns 1,918,306 shares of the company’s stock valued at $9,975,000 after acquiring an additional 53,696 shares during the last quarter. Renaissance Technologies LLC grew its position in Vivint Solar by 9.9% in the second quarter. Renaissance Technologies LLC now owns 633,530 shares of the company’s stock valued at $3,136,000 after acquiring an additional 57,300 shares during the last quarter. Finally, Bank of America Corp DE grew its position in Vivint Solar by 1,965.0% in the second quarter. Bank of America Corp DE now owns 562,550 shares of the company’s stock valued at $2,784,000 after acquiring an additional 535,308 shares during the last quarter. 89.41% of the stock is owned by institutional investors and hedge funds.

A number of research firms recently commented on VSLR. ValuEngine raised Vivint Solar from a “hold” rating to a “buy” rating in a research note on Thursday, November 8th. Zacks Investment Research downgraded Vivint Solar from a “hold” rating to a “sell” rating in a research note on Saturday, November 10th. One equities research analyst has rated the stock with a sell rating and four have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $5.50.

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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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