Alex J. Dunn Sells 100,000 Shares of Vivint Solar, Inc. (VSLR) Stock
Vivint Solar, Inc. (NYSE:VSLR) Director Alex J. Dunn sold 100,000 shares of Vivint Solar stock in a transaction dated Friday, November 17th. The stock was sold at an average price of $3.43, for a total value of $343,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
Shares of Vivint Solar, Inc. (NYSE VSLR) traded up $0.10 during trading on Monday, reaching $3.55. The company had a trading volume of 251,495 shares, compared to its average volume of 450,157. Vivint Solar, Inc. has a twelve month low of $2.55 and a twelve month high of $6.09. The company has a debt-to-equity ratio of 1.30, a current ratio of 1.18 and a quick ratio of 1.05.
Vivint Solar (NYSE:VSLR) last released its quarterly earnings results on Tuesday, November 7th. The company reported ($0.33) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.29) by ($0.04). The company had revenue of $75.10 million for the quarter, compared to analyst estimates of $74.56 million. Vivint Solar had a net margin of 18.65% and a negative return on equity of 26.04%. Vivint Solar’s revenue for the quarter was up 81.8% on a year-over-year basis. During the same quarter last year, the firm posted ($0.36) EPS. analysts expect that Vivint Solar, Inc. will post -1.48 EPS for the current fiscal year.
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A number of analysts recently commented on the company. Bank of America Corporation assumed coverage on Vivint Solar in a research report on Monday, November 6th. They issued a “buy” rating for the company. Guggenheim assumed coverage on Vivint Solar in a research report on Wednesday, September 27th. They issued a “buy” rating and a $5.00 target price for the company. Deutsche Bank AG lowered Vivint Solar from a “buy” rating to a “hold” rating and set a $6.00 target price for the company. in a research report on Wednesday, August 9th. BidaskClub lowered Vivint Solar from a “hold” rating to a “sell” rating in a research report on Thursday, September 28th. Finally, Zacks Investment Research raised Vivint Solar from a “hold” rating to a “buy” rating and set a $5.25 target price for the company in a research report on Saturday, August 12th. One 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 a consensus price target of $5.05.
A number of hedge funds have recently added to or reduced their stakes in VSLR. Dynamic Technology Lab Private Ltd boosted its stake 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 valued at $112,000 after purchasing an additional 8,233 shares during the last quarter. Rhumbline Advisers boosted its stake in Vivint Solar by 9.8% during 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 last quarter. JPMorgan Chase & Co. acquired a new position in Vivint Solar during the 2nd quarter valued at about $278,000. Teachers Advisors LLC boosted its stake in Vivint Solar by 6.8% during 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 last quarter. Finally, Bank of New York Mellon Corp boosted its stake in Vivint Solar by 0.6% during the 1st quarter. Bank of New York Mellon Corp now owns 152,176 shares of the company’s stock valued at $426,000 after purchasing an additional 914 shares during the last quarter. Institutional investors and hedge funds own 92.54% of the company’s stock.
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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