Dana C. Russell Sells 46,425 Shares of Vivint Solar Inc (VSLR) Stock

Vivint Solar Inc (NYSE:VSLR) CFO Dana C. Russell sold 46,425 shares of the stock in a transaction dated Thursday, September 6th. The stock was sold at an average price of $4.91, for a total transaction of $227,946.75. Following the completion of the transaction, the chief financial officer now directly owns 444,302 shares of the company’s stock, valued at approximately $2,181,522.82. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Shares of Vivint Solar stock traded down $0.05 on Friday, hitting $5.00. The stock had a trading volume of 326,600 shares, compared to its average volume of 489,181. Vivint Solar Inc has a twelve month low of $2.70 and a twelve month high of $6.15. The company has a debt-to-equity ratio of 3.20, a current ratio of 1.77 and a quick ratio of 1.68. The company has a market capitalization of $610.79 million, a P/E ratio of -3.12 and a beta of -0.45.

Vivint Solar (NYSE:VSLR) last released its quarterly earnings data on Tuesday, August 7th. The company reported ($0.50) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.20) by ($0.30). Vivint Solar had a net margin of 67.35% and a negative return on equity of 36.77%. The firm had revenue of $80.80 million during the quarter, compared to analyst estimates of $91.30 million. equities analysts anticipate that Vivint Solar Inc will post -0.05 EPS for the current year.

VSLR has been the subject of a number of research reports. Guggenheim raised shares of Vivint Solar from a “neutral” rating to a “buy” rating in a report on Friday, June 22nd. Bank of America upped their price objective on Vivint Solar from $6.50 to $7.00 and gave the company a “buy” rating in a research note on Tuesday, July 24th. ValuEngine raised Vivint Solar from a “sell” rating to a “hold” rating in a research note on Saturday, July 14th. JMP Securities raised Vivint Solar from a “market perform” rating to an “outperform” rating in a research note on Wednesday, August 8th. Finally, Zacks Investment Research downgraded Vivint Solar from a “hold” rating to a “sell” rating in a research note on Saturday, August 11th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company. Vivint Solar presently has a consensus rating of “Hold” and a consensus price target of $5.50.

Institutional investors have recently added to or reduced their stakes in the company. Dynamic Technology Lab Private Ltd increased its stake in shares of Vivint Solar by 217.5% in the second quarter. Dynamic Technology Lab Private Ltd now owns 33,671 shares of the company’s stock valued at $167,000 after buying an additional 23,065 shares during the period. Victory Capital Management Inc. increased its position in Vivint Solar by 141.4% during the 1st quarter. Victory Capital Management Inc. now owns 51,867 shares of the company’s stock valued at $189,000 after purchasing an additional 30,383 shares during the period. Kayne Anderson Capital Advisors LP acquired a new stake in Vivint Solar during the 2nd quarter valued at approximately $206,000. JPMorgan Chase & Co. increased its position in Vivint Solar by 402.4% during the 1st quarter. JPMorgan Chase & Co. now owns 82,527 shares of the company’s stock valued at $301,000 after purchasing an additional 66,101 shares during the period. Finally, Dimensional Fund Advisors LP increased its position in Vivint Solar by 54.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 92,712 shares of the company’s stock valued at $459,000 after purchasing an additional 32,623 shares during the period. 88.07% of the stock is owned by institutional investors.

Vivint Solar Company Profile

Vivint Solar, Inc provides distributed solar energy to residential, commercial, and industrial customers in the United States. The company operates in two segments, Residential, and Commercial and Industrial. 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.

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Insider Buying and Selling by Quarter for Vivint Solar (NYSE:VSLR)

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