Vivint Solar Inc (NYSE:VSLR) CFO Dana C. Russell sold 23,453 shares of the company’s stock in a transaction that occurred on Friday, March 16th. The shares were sold at an average price of $3.25, for a total value of $76,222.25. Following the completion of the sale, the chief financial officer now owns 293,880 shares in the company, valued at approximately $955,110. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Shares of Vivint Solar stock traded down $0.05 during midday trading on Monday, reaching $3.35. The company had a trading volume of 630,647 shares, compared to its average volume of 501,169. The stock has a market capitalization of $390.19, a price-to-earnings ratio of 1.91 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. The company has a current ratio of 1.10, a quick ratio of 0.97 and a debt-to-equity ratio of 1.08.

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Vivint Solar (NYSE:VSLR) last announced its quarterly earnings results on Wednesday, March 7th. The company reported ($0.43) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.32) by ($0.11). The company had revenue of $66.78 million during the quarter, compared to analyst estimates of $66.87 million. Vivint Solar had a net margin of 78.01% and a negative return on equity of 24.76%. The company’s revenue was up 59.9% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.41) earnings per share. sell-side analysts anticipate that Vivint Solar Inc will post -0.99 earnings per share for the current year.

A number of equities research analysts recently commented on the company. ValuEngine upgraded Vivint Solar from a “strong sell” rating to a “sell” rating in a research report on Friday, February 2nd. Bank of America set a $6.00 target price on Vivint Solar and gave the company a “buy” rating in a research report on Thursday, March 8th. Guggenheim reiterated a “neutral” rating and issued 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. Finally, Zacks Investment Research reiterated a “hold” rating on shares of Vivint Solar in a research report on Saturday, January 13th. One analyst has rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $5.25.

Several hedge funds have recently made changes to their positions in VSLR. Teachers Advisors LLC raised its stake in shares of Vivint Solar by 6.8% during the 2nd quarter. Teachers Advisors LLC now owns 47,791 shares of the company’s stock worth $280,000 after buying an additional 3,062 shares during the period. TIAA CREF Investment Management LLC raised its stake in shares of Vivint Solar by 18.6% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 74,926 shares of the company’s stock worth $438,000 after buying an additional 11,746 shares during the period. Vanguard Group Inc. raised its stake in shares of Vivint Solar by 23.3% during the 2nd quarter. Vanguard Group Inc. now owns 1,743,605 shares of the company’s stock worth $10,200,000 after buying an additional 329,748 shares during the period. State Street Corp raised its stake in shares of Vivint Solar by 5.8% during the 2nd quarter. State Street Corp now owns 363,520 shares of the company’s stock worth $2,127,000 after buying an additional 20,027 shares during the period. Finally, Dynamic Technology Lab Private Ltd raised its stake in shares of Vivint Solar by 191.3% during the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 55,812 shares of the company’s stock worth $190,000 after buying an additional 36,651 shares during the period. 92.75% of the stock is owned by institutional investors and hedge funds.

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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.

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