Vivint Solar Inc (VSLR) CFO Dana C. Russell Sells 17,426 Shares

Vivint Solar Inc (NYSE:VSLR) CFO Dana C. Russell sold 17,426 shares of the business’s stock in a transaction dated Thursday, March 8th. The stock was sold at an average price of $3.25, for a total transaction of $56,634.50. Following the sale, the chief financial officer now directly owns 337,658 shares in the company, valued at approximately $1,097,388.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Vivint Solar Inc (NYSE VSLR) opened at $3.25 on Tuesday. The company has a current ratio of 1.10, a quick ratio of 0.97 and a debt-to-equity ratio of 1.08. The stock has a market cap of $374.21, a PE ratio of 18.06 and a beta of -0.30. Vivint Solar Inc has a 52-week low of $2.65 and a 52-week high of $6.09.

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Vivint Solar (NYSE:VSLR) last announced its earnings results on Wednesday, March 7th. The company reported ($0.43) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.32) by ($0.11). The business had revenue of $66.78 million for the quarter, compared to analyst estimates of $66.87 million. Vivint Solar had a negative return on equity of 24.76% and a net margin of 78.01%. The business’s revenue was up 59.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.41) EPS. equities analysts expect that Vivint Solar Inc will post -1.17 EPS for the current year.

A number of brokerages have issued reports on VSLR. Bank of America set a $6.00 target price on shares of Vivint Solar and gave the stock a “buy” rating in a research report on Thursday, March 8th. Guggenheim restated a “neutral” rating and set a $5.00 target price on shares of Vivint Solar in a research report on Thursday, January 18th. They noted that the move was a valuation call. ValuEngine upgraded shares of Vivint Solar from a “strong sell” rating to a “sell” rating in a research report on Friday, February 2nd. Finally, Zacks Investment Research upgraded shares of Vivint Solar from a “hold” rating to a “buy” rating and set a $4.50 target price for the company in a research report on Saturday, January 6th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the company. Vivint Solar currently has a consensus rating of “Hold” and a consensus target price of $5.25.

Institutional investors and hedge funds have recently made changes to their positions in the business. Quentec Asset Management LLC raised its position in shares of Vivint Solar by 24.5% in the third quarter. Quentec Asset Management LLC now owns 3,964,748 shares of the company’s stock valued at $13,480,000 after buying an additional 781,333 shares during the last quarter. Guggenheim Capital LLC raised its position in shares of Vivint Solar by 84.1% in the fourth quarter. Guggenheim Capital LLC now owns 2,098,429 shares of the company’s stock valued at $8,499,000 after buying an additional 958,796 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Vivint Solar by 23.3% in the second quarter. Vanguard Group Inc. now owns 1,743,605 shares of the company’s stock valued at $10,200,000 after buying an additional 329,748 shares during the last quarter. State Street Corp raised its position in shares of Vivint Solar by 5.8% in the second quarter. State Street Corp now owns 363,520 shares of the company’s stock valued at $2,127,000 after buying an additional 20,027 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its position in shares of Vivint Solar by 161.8% in the fourth quarter. Bank of New York Mellon Corp now owns 338,412 shares of the company’s stock valued at $1,371,000 after buying an additional 209,141 shares during the last quarter. Institutional investors own 92.75% of the company’s stock.

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Vivint Solar Company Profile

Vivint Solar, Inc offers distributed solar energy, electricity generated by a solar energy system installed at or near customers’ locations, to residential customers. Through investment funds, the Company owns solar energy systems it installs and provides solar electricity pursuant to long-term contracts with its customers.

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

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