Vivint Solar, Inc. (NYSE:VSLR) Director Alex J. Dunn sold 100,000 shares of Vivint Solar stock in a transaction on Friday, November 17th. The shares were sold at an average price of $3.43, for a total value of $343,000.00. Following the transaction, the director now owns 395,649 shares in the company, valued at approximately $1,357,076.07. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Vivint Solar, Inc. (NYSE VSLR) traded down $0.10 during mid-day trading on Wednesday, hitting $3.25. The stock had a trading volume of 597,644 shares, compared to its average volume of 442,412. Vivint Solar, Inc. has a 52 week low of $2.55 and a 52 week 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 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 the consensus estimate of $74.56 million. Vivint Solar had a negative return on equity of 26.04% and a net margin of 18.65%. The firm’s revenue was up 81.8% on a year-over-year basis. During the same quarter last year, the company earned ($0.36) earnings per share. analysts forecast that Vivint Solar, Inc. will post -1.48 earnings per share for the current year.
VSLR has been the subject of a number of analyst reports. BidaskClub cut Vivint Solar from a “strong-buy” rating to a “buy” rating in a research report on Friday, August 11th. Zacks Investment Research raised Vivint Solar from a “hold” rating to a “buy” rating and set a $4.25 price objective for the company in a research report on Saturday, November 11th. TheStreet raised Vivint Solar from a “d” rating to a “c” rating in a report on Monday, October 2nd. ValuEngine cut Vivint Solar from a “hold” rating to a “sell” rating in a report on Friday, September 1st. Finally, Deutsche Bank cut Vivint Solar from a “buy” rating to a “hold” rating and set a $6.00 price target for the company. in a report on Wednesday, August 9th. One 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 company’s stock. The stock has an average rating of “Hold” and an average target price of $5.05.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Dynamic Technology Lab Private Ltd lifted its holdings in Vivint Solar by 75.3% during the 2nd quarter. Dynamic Technology Lab Private Ltd now owns 19,161 shares of the company’s stock worth $112,000 after buying an additional 8,233 shares in the last quarter. Rhumbline Advisers lifted its stake in shares of Vivint Solar by 9.8% in the 2nd quarter. Rhumbline Advisers now owns 28,571 shares of the company’s stock valued at $167,000 after purchasing an additional 2,549 shares during the period. JPMorgan Chase & Co. acquired a new position in shares of Vivint Solar in the 2nd quarter valued at $278,000. Teachers Advisors LLC lifted its stake in shares of Vivint Solar by 6.8% in the 2nd quarter. Teachers Advisors LLC now owns 47,791 shares of the company’s stock valued at $280,000 after purchasing an additional 3,062 shares during the period. Finally, Raymond James Financial Services Advisors Inc. lifted its stake in shares of Vivint Solar by 0.3% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 73,459 shares of the company’s stock valued at $430,000 after purchasing an additional 200 shares during the period. Institutional investors and hedge funds own 92.60% of the company’s stock.
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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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