David F. D’alessandro Sells 18,000 Shares of Vivint Solar, Inc. (VSLR) Stock
Vivint Solar, Inc. (NYSE:VSLR) Director David F. D’alessandro sold 18,000 shares of the business’s stock in a transaction on Wednesday, June 21st. The shares were sold at an average price of $4.77, for a total transaction of $85,860.00. Following the completion of the transaction, the director now directly owns 52,471 shares in the company, valued at $250,286.67. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
Vivint Solar, Inc. (NYSE VSLR) traded up 1.85% on Thursday, reaching $5.50. 1,375,205 shares of the company’s stock were exchanged. Vivint Solar, Inc. has a 1-year low of $2.50 and a 1-year high of $5.50. The firm’s 50 day moving average is $3.20 and its 200 day moving average is $3.02. The stock has a market capitalization of $608.17 million, a P/E ratio of 10.24 and a beta of -0.14.
Vivint Solar (NYSE:VSLR) last issued its quarterly earnings results on Tuesday, May 9th. The semiconductor company reported ($0.50) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.48) by $0.02. Vivint Solar had a negative return on equity of 29.10% and a net margin of 36.54%. The company had revenue of $53.11 million during the quarter, compared to analysts’ expectations of $47.09 million. During the same period in the prior year, the business posted ($0.65) EPS. The company’s revenue for the quarter was up 208.2% compared to the same quarter last year. Analysts expect that Vivint Solar, Inc. will post ($1.74) EPS for the current year.
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Institutional investors have recently added to or reduced their stakes in the stock. IPG Investment Advisors LLC acquired a new position in Vivint Solar during the first quarter valued at $112,000. OMERS ADMINISTRATION Corp acquired a new position in Vivint Solar during the first quarter valued at $118,000. Teachers Advisors LLC boosted its position in Vivint Solar by 22.4% in the first quarter. Teachers Advisors LLC now owns 44,729 shares of the semiconductor company’s stock valued at $125,000 after buying an additional 8,197 shares during the period. Dimensional Fund Advisors LP boosted its position in Vivint Solar by 76.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 60,089 shares of the semiconductor company’s stock valued at $153,000 after buying an additional 25,982 shares during the period. Finally, Raymond James Financial Services Advisors Inc. boosted its position in Vivint Solar by 1.4% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 73,259 shares of the semiconductor company’s stock valued at $205,000 after buying an additional 1,000 shares during the period. 93.77% of the stock is currently owned by institutional investors.
VSLR has been the topic of several recent research reports. ValuEngine raised shares of Vivint Solar from a “sell” rating to a “hold” rating in a research note on Wednesday. JMP Securities reaffirmed a “hold” rating on shares of Vivint Solar in a research note on Saturday, March 18th. Zacks Investment Research raised shares of Vivint Solar from a “hold” rating to a “buy” rating and set a $3.25 price target on the stock in a research note on Thursday, May 11th. Credit Suisse Group set a $4.00 price target on shares of Vivint Solar and gave the stock a “hold” rating in a research note on Monday, May 8th. Finally, Goldman Sachs Group, Inc. (The) raised shares of Vivint Solar from a “neutral” rating to a “buy” rating and upped their price target for the stock from $3.50 to $6.00 in a research note on Tuesday. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $5.32.
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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