Vivint Solar Inc (NYSE:VSLR) COO Bryan Christiansen sold 40,100 shares of the stock in a transaction on Thursday, December 6th. The stock was sold at an average price of $5.16, for a total transaction of $206,916.00. Following the transaction, the chief operating officer now owns 179,665 shares of the company’s stock, valued at approximately $927,071.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
Bryan Christiansen also recently made the following trade(s):
- On Tuesday, September 11th, Bryan Christiansen sold 1,236 shares of Vivint Solar stock. The stock was sold at an average price of $5.10, for a total transaction of $6,303.60.
VSLR stock traded down $0.18 during trading hours on Friday, reaching $5.22. The stock had a trading volume of 1,418,385 shares, compared to its average volume of 1,105,963. The stock has a market cap of $644.30 million, a P/E ratio of -3.30 and a beta of -0.36. The company has a debt-to-equity ratio of 3.23, a current ratio of 1.58 and a quick ratio of 1.48. Vivint Solar Inc has a fifty-two week low of $2.70 and a fifty-two week high of $7.44.
Vivint Solar (NYSE:VSLR) last announced its quarterly earnings results on Tuesday, November 6th. The company reported ($0.61) EPS for the quarter, missing analysts’ consensus estimates of ($0.22) by ($0.39). The firm had revenue of $77.88 million during the quarter, compared to analyst estimates of $88.54 million. Vivint Solar had a net margin of 61.71% and a negative return on equity of 50.31%. The business’s revenue was up 3.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.33) EPS. As a group, equities research analysts anticipate that Vivint Solar Inc will post -2.08 EPS for the current fiscal year.
Several brokerages recently commented on VSLR. Zacks Investment Research cut shares of Vivint Solar from a “hold” rating to a “sell” rating in a report on Saturday, August 11th. ValuEngine upgraded shares of Vivint Solar from a “hold” rating to a “buy” rating in a research note on Thursday, November 8th. One research analyst has rated the stock with a sell rating and four have issued a buy rating to the company. Vivint Solar presently has an average rating of “Buy” and an average target price of $5.50.
A number of hedge funds have recently made changes to their positions in the business. First Trust Advisors LP lifted its stake in Vivint Solar by 8.8% in the second quarter. First Trust Advisors LP now owns 118,942 shares of the company’s stock valued at $589,000 after acquiring an additional 9,578 shares during the last quarter. TIAA CREF Investment Management LLC lifted its stake in Vivint Solar by 24.2% in the third quarter. TIAA CREF Investment Management LLC now owns 75,311 shares of the company’s stock valued at $392,000 after acquiring an additional 14,697 shares during the last quarter. BlackRock Inc. lifted its stake in Vivint Solar by 0.9% in the third quarter. BlackRock Inc. now owns 2,004,278 shares of the company’s stock valued at $10,423,000 after acquiring an additional 17,483 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in Vivint Solar by 4.6% in the third quarter. Bank of New York Mellon Corp now owns 420,196 shares of the company’s stock valued at $2,185,000 after acquiring an additional 18,416 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale lifted its stake in Vivint Solar by 312.9% in the third quarter. DekaBank Deutsche Girozentrale now owns 28,076 shares of the company’s stock valued at $149,000 after acquiring an additional 21,276 shares during the last quarter. Hedge funds and other institutional investors own 89.41% of the company’s stock.
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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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