Bryan Christiansen Sells 31,700 Shares of Vivint Solar Inc (VSLR) Stock
Vivint Solar Inc (NYSE:VSLR) COO Bryan Christiansen sold 31,700 shares of the business’s stock in a transaction that occurred on Wednesday, December 6th. The stock was sold at an average price of $3.25, for a total value of $103,025.00. Following the sale, the chief operating officer now owns 332,462 shares of the company’s stock, valued at $1,080,501.50. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
Vivint Solar Inc (NYSE:VSLR) traded up $0.10 on Friday, reaching $3.50. The company had a trading volume of 183,423 shares, compared to its average volume of 270,085. Vivint Solar Inc has a 12-month low of $2.55 and a 12-month high of $6.09. The company has a debt-to-equity ratio of 1.30, a quick ratio of 1.05 and a current ratio of 1.18.
Vivint Solar (NYSE:VSLR) last released its quarterly earnings data on Tuesday, November 7th. The company reported ($0.33) EPS for the quarter, missing analysts’ consensus estimates of ($0.29) by ($0.04). Vivint Solar had a net margin of 18.65% and a negative return on equity of 26.04%. The business had revenue of $75.10 million during the quarter, compared to analyst estimates of $74.56 million. During the same quarter in the prior year, the company posted ($0.36) earnings per share. The company’s revenue was up 81.8% on a year-over-year basis. analysts anticipate that Vivint Solar Inc will post -1.48 EPS for the current year.
VSLR has been the topic of several recent research reports. Zacks Investment Research upgraded Vivint Solar from a “hold” rating to a “buy” rating and set a $5.25 target price on the stock in a report on Saturday, August 12th. Bank of America initiated coverage on Vivint Solar in a report on Monday, November 6th. They set a “buy” rating on the stock. Guggenheim initiated coverage on Vivint Solar in a report on Wednesday, September 27th. They set a “buy” rating and a $5.00 target price on the stock. TheStreet upgraded Vivint Solar from a “d” rating to a “c” rating in a report on Monday, October 2nd. Finally, BidaskClub upgraded Vivint Solar from a “sell” rating to a “hold” rating in a report on Thursday, October 5th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $5.05.
WARNING: “Bryan Christiansen Sells 31,700 Shares of Vivint Solar Inc (VSLR) Stock” was posted by Watch List News and is the sole property of of Watch List News. If you are accessing this piece on another domain, it was illegally copied and reposted in violation of U.S. & international copyright legislation. The legal version of this piece can be viewed at https://www.watchlistnews.com/bryan-christiansen-sells-31700-shares-of-vivint-solar-inc-vslr-stock/1756087.html.
About Vivint Solar
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.
Receive News & Ratings for Vivint Solar Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Vivint Solar Inc and related companies with MarketBeat.com's FREE daily email newsletter.