David Bywater Sells 44,900 Shares of Vivint Solar Inc (VSLR) Stock
Vivint Solar Inc (NYSE:VSLR) CEO David Bywater sold 44,900 shares of the stock in a transaction that occurred on Wednesday, December 6th. The stock was sold at an average price of $3.24, for a total value of $145,476.00. Following the completion of the sale, the chief executive officer now directly owns 575,774 shares of the company’s stock, valued at $1,865,507.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Shares of Vivint Solar Inc (VSLR) traded up $0.10 on Friday, hitting $3.50. The company had a trading volume of 183,423 shares, compared to its average volume of 270,085. The company has a debt-to-equity ratio of 1.30, a current ratio of 1.18 and a quick ratio of 1.05. Vivint Solar Inc has a one year low of $2.55 and a one year high of $6.09.
Vivint Solar (NYSE:VSLR) last issued its quarterly earnings results on Tuesday, November 7th. The company reported ($0.33) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.29) by ($0.04). The business had revenue of $75.10 million for the quarter, compared to analysts’ expectations of $74.56 million. Vivint Solar had a net margin of 18.65% and a negative return on equity of 26.04%. The business’s revenue was up 81.8% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.36) earnings per share. equities research analysts predict that Vivint Solar Inc will post -1.48 EPS for the current year.
Institutional investors and hedge funds have recently modified their holdings of the stock. Dynamic Technology Lab Private Ltd increased its position in shares of Vivint Solar by 75.3% during the second quarter. Dynamic Technology Lab Private Ltd now owns 19,161 shares of the company’s stock valued at $112,000 after acquiring an additional 8,233 shares during the last quarter. Rhumbline Advisers increased its position in shares of Vivint Solar by 9.8% during the second quarter. Rhumbline Advisers now owns 28,571 shares of the company’s stock valued at $167,000 after acquiring an additional 2,549 shares during the last quarter. JPMorgan Chase & Co. purchased a new stake in shares of Vivint Solar during the second quarter valued at approximately $278,000. Teachers Advisors LLC increased its position in shares of Vivint Solar by 6.8% during the second quarter. Teachers Advisors LLC now owns 47,791 shares of the company’s stock valued at $280,000 after acquiring an additional 3,062 shares during the last quarter. Finally, Raymond James Financial Services Advisors Inc. increased its position in shares of Vivint Solar by 0.3% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 73,459 shares of the company’s stock valued at $430,000 after acquiring an additional 200 shares during the last quarter. 92.60% of the stock is owned by institutional investors.
Several brokerages have recently commented on VSLR. BidaskClub downgraded Vivint Solar from a “hold” rating to a “sell” rating in a research note on Thursday, September 28th. ValuEngine downgraded Vivint Solar from a “sell” rating to a “strong sell” rating in a research note on Friday, December 1st. Guggenheim began coverage on Vivint Solar in a research note on Wednesday, September 27th. They issued a “buy” rating and a $5.00 price objective for the company. Zacks Investment Research raised Vivint Solar from a “hold” rating to a “buy” rating and set a $5.25 price objective for the company in a research note on Saturday, August 12th. Finally, Bank of America assumed coverage on Vivint Solar in a research report on Monday, November 6th. They set a “buy” rating for the company. One analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the stock. Vivint Solar currently has an average rating of “Hold” and an average target price of $5.05.
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.
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