Vivint Solar Inc (NYSE:VSLR) CFO Dana C. Russell sold 8,790 shares of the stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $7.99, for a total value of $70,232.10. Following the transaction, the chief financial officer now owns 303,649 shares in the company, valued at approximately $2,426,155.51. The sale was disclosed in a document filed with the SEC, which is available through this link.

NYSE VSLR traded down $0.54 during mid-day trading on Monday, hitting $7.36. The stock had a trading volume of 2,566,692 shares, compared to its average volume of 916,999. The firm’s 50 day moving average is $8.08 and its 200 day moving average is $6.64. The company has a debt-to-equity ratio of 3.70, a current ratio of 0.89 and a quick ratio of 0.85. The stock has a market capitalization of $895.12 million, a price-to-earnings ratio of -3.09 and a beta of 0.37. Vivint Solar Inc has a twelve month low of $3.55 and a twelve month high of $9.82.

Vivint Solar (NYSE:VSLR) last announced its earnings results on Thursday, August 8th. The company reported ($0.73) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.56) by ($0.17). Vivint Solar had a negative return on equity of 97.07% and a negative net margin of 25.06%. The business had revenue of $90.80 million for the quarter, compared to analyst estimates of $91.92 million. During the same period last year, the firm earned ($0.50) EPS. The company’s revenue for the quarter was up 12.4% compared to the same quarter last year. As a group, equities research analysts expect that Vivint Solar Inc will post -2.66 earnings per share for the current year.

Several brokerages recently commented on VSLR. Oppenheimer set a $11.00 price target on shares of Vivint Solar and gave the stock a “buy” rating in a report on Friday, August 9th. Bank of America upped their price target on shares of Vivint Solar from $12.50 to $14.00 and gave the stock a “buy” rating in a research report on Friday, August 9th. Finally, KeyCorp assumed coverage on shares of Vivint Solar in a research report on Monday, August 19th. They set an “overweight” rating and a $12.00 price target for the company. One analyst has rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $11.25.

Several hedge funds and other institutional investors have recently modified their holdings of VSLR. Bank of Montreal Can boosted its position in Vivint Solar by 1,260.2% during the second quarter. Bank of Montreal Can now owns 3,659 shares of the company’s stock worth $27,000 after acquiring an additional 3,390 shares during the last quarter. Point72 Hong Kong Ltd purchased a new stake in Vivint Solar during the 2nd quarter valued at about $37,000. BNP Paribas Arbitrage SA grew its stake in Vivint Solar by 742.3% during the 1st quarter. BNP Paribas Arbitrage SA now owns 8,768 shares of the company’s stock valued at $44,000 after acquiring an additional 7,727 shares in the last quarter. Aperio Group LLC purchased a new stake in Vivint Solar during the 2nd quarter valued at about $110,000. Finally, Weiss Asset Management LP raised its holdings in Vivint Solar by 28.0% in the 1st quarter. Weiss Asset Management LP now owns 20,574 shares of the company’s stock valued at $102,000 after acquiring an additional 4,495 shares during the last quarter. Institutional investors and hedge funds own 91.45% of the company’s stock.

About Vivint Solar

Vivint Solar, Inc provides distributed solar energy primarily to residential customers in the United States. 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. As of December 31, 2018, it had an aggregate capacity of 1,060.9 megawatts covering approximately 154,600 homes.

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