Vivint Solar Inc (NYSE:VSLR) CFO Dana C. Russell sold 17,426 shares of the business’s stock in a transaction that occurred on Thursday, March 8th. The shares were sold at an average price of $3.25, for a total transaction of $56,634.50. Following the transaction, the chief financial officer now directly owns 337,658 shares in the company, valued at $1,097,388.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
Vivint Solar Inc (VSLR) remained flat at $$3.25 during mid-day trading on Monday. The company had a trading volume of 397,568 shares, compared to its average volume of 472,551. The company has a quick ratio of 0.97, a current ratio of 1.10 and a debt-to-equity ratio of 1.08. The company has a market capitalization of $372.98, a P/E ratio of 1.86 and a beta of -0.30. Vivint Solar Inc has a twelve month low of $2.65 and a twelve month high of $6.09.
Vivint Solar (NYSE:VSLR) last posted its earnings results on Wednesday, March 7th. The company reported ($0.43) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.32) by ($0.11). The business had revenue of $66.78 million during the quarter, compared to the consensus estimate of $66.87 million. Vivint Solar had a negative return on equity of 24.76% and a net margin of 78.01%. The business’s revenue was up 59.9% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.41) earnings per share. equities research analysts forecast that Vivint Solar Inc will post -1.17 earnings per share for the current year.
A number of brokerages recently commented on VSLR. Zacks Investment Research raised shares of Vivint Solar from a “hold” rating to a “buy” rating and set a $4.50 price objective on the stock in a research report on Saturday, January 6th. Guggenheim reaffirmed a “neutral” rating and set a $5.00 price objective on shares of Vivint Solar in a research report on Thursday, January 18th. They noted that the move was a valuation call. ValuEngine downgraded shares of Vivint Solar from a “sell” rating to a “strong sell” rating in a research report on Friday, December 1st. Finally, Bank of America set a $6.00 price objective on shares of Vivint Solar and gave the company a “buy” rating in a research report on Thursday. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $5.25.
TRADEMARK VIOLATION WARNING: This piece was originally posted by American Banking News and is owned by of American Banking News. If you are accessing this piece on another domain, it was copied illegally and reposted in violation of United States & international copyright laws. The correct version of this piece can be read at https://www.americanbankingnews.com/2018/03/12/vivint-solar-inc-vslr-cfo-sells-56634-50-in-stock.html.
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.
Receive News & Ratings for Vivint Solar Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Vivint Solar and related companies with MarketBeat.com's FREE daily email newsletter.