Vivint Solar, Inc. (VSLR) COO Bryan Christiansen Sells 51,914 Shares
Vivint Solar, Inc. (NYSE:VSLR) COO Bryan Christiansen sold 51,914 shares of Vivint Solar stock in a transaction dated Thursday, July 13th. The stock was sold at an average price of $5.45, for a total value of $282,931.30. Following the completion of the transaction, the chief operating officer now owns 349,670 shares of the company’s stock, valued at $1,905,701.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
Bryan Christiansen also recently made the following trade(s):
- On Thursday, July 6th, Bryan Christiansen sold 27,033 shares of Vivint Solar stock. The stock was sold at an average price of $5.50, for a total value of $148,681.50.
Vivint Solar, Inc. (NYSE:VSLR) traded down 9.82% during midday trading on Monday, hitting $5.05. The stock had a trading volume of 1,693,675 shares. Vivint Solar, Inc. has a 52 week low of $2.50 and a 52 week high of $6.09. The stock’s 50 day moving average price is $3.75 and its 200-day moving average price is $3.16. The company has a market cap of $558.41 million, a PE ratio of 9.40 and a beta of -0.24.
Vivint Solar (NYSE:VSLR) last posted its 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. The business had revenue of $53.11 million during the quarter, compared to the consensus estimate of $47.09 million. Vivint Solar had a net margin of 36.54% and a negative return on equity of 29.10%. The business’s revenue was up 208.2% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.65) EPS. Equities research analysts predict that Vivint Solar, Inc. will post ($1.74) earnings per share for the current year.
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VSLR has been the topic of a number of recent research reports. Zacks Investment Research raised shares of Vivint Solar from a “hold” rating to a “buy” rating and set a $3.25 target price on the stock in a report on Thursday, May 11th. Goldman Sachs Group, Inc. (The) raised shares of Vivint Solar from a “neutral” rating to a “buy” rating and raised their target price for the stock from $3.50 to $6.00 in a report on Tuesday, June 20th. ValuEngine raised shares of Vivint Solar from a “sell” rating to a “hold” rating in a report on Wednesday, June 21st. Finally, Credit Suisse Group set a $4.00 target price on shares of Vivint Solar and gave the stock a “hold” rating in a report on Monday, May 8th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the stock. Vivint Solar currently has a consensus rating of “Hold” and an average price target of $5.32.
A number of hedge funds have recently modified their holdings of VSLR. IPG Investment Advisors LLC purchased a new stake in shares of Vivint Solar during the first quarter valued at $112,000. Neuberger Berman Group LLC boosted its stake in shares of Vivint Solar by 108.3% in the first quarter. Neuberger Berman Group LLC now owns 101,935 shares of the semiconductor company’s stock valued at $285,000 after buying an additional 53,000 shares in the last quarter. OMERS ADMINISTRATION Corp purchased a new stake in shares of Vivint Solar during the first quarter valued at $118,000. Raymond James Financial Services Advisors Inc. boosted its stake in shares of 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 in the last quarter. Finally, Parametric Portfolio Associates LLC boosted its stake in shares of Vivint Solar by 235.2% in the first quarter. Parametric Portfolio Associates LLC now owns 201,415 shares of the semiconductor company’s stock valued at $564,000 after buying an additional 141,329 shares in the last quarter. 93.77% of the stock is currently owned by hedge funds and other institutional investors.
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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