Vivint Solar, Inc. (NYSE:VSLR) insider L. Chance Allred sold 60,764 shares of the stock in a transaction dated Monday, July 17th. The stock was sold at an average price of $5.18, for a total transaction of $314,757.52. Following the completion of the sale, the insider now directly owns 91,463 shares in the company, valued at $473,778.34. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
L. Chance Allred also recently made the following trade(s):
- On Thursday, May 25th, L. Chance Allred sold 30,700 shares of Vivint Solar stock. The stock was sold at an average price of $3.10, for a total transaction of $95,170.00.
Vivint Solar, Inc. (VSLR) traded down 9.82% on Monday, hitting $5.05. 1,693,675 shares of the company traded hands. Vivint Solar, Inc. has a 1-year low of $2.50 and a 1-year high of $6.09. The firm’s 50 day moving average price is $3.75 and its 200 day moving average price is $3.16. The firm has a market capitalization of $558.41 million, a PE ratio of 9.40 and a beta of -0.24.
Vivint Solar (NYSE:VSLR) last posted its quarterly earnings results on Tuesday, May 9th. The semiconductor company reported ($0.50) EPS 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 business 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 firm posted ($0.65) earnings per share. The firm’s revenue for the quarter was up 208.2% on a year-over-year basis. Equities research analysts predict that Vivint Solar, Inc. will post ($1.74) EPS for the current fiscal year.
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Hedge funds and other institutional investors have recently bought and sold shares of the company. FMR LLC boosted its position in Vivint Solar by 8.4% in the fourth quarter. FMR LLC now owns 9,678,104 shares of the semiconductor company’s stock worth $24,679,000 after buying an additional 752,239 shares in the last quarter. Parametric Portfolio Associates LLC boosted its position in Vivint Solar by 235.2% in the first quarter. Parametric Portfolio Associates LLC now owns 201,415 shares of the semiconductor company’s stock worth $564,000 after buying an additional 141,329 shares in the last quarter. Neuberger Berman Group LLC boosted its position in Vivint Solar by 108.3% in the first quarter. Neuberger Berman Group LLC now owns 101,935 shares of the semiconductor company’s stock worth $285,000 after buying an additional 53,000 shares in the last quarter. OMERS ADMINISTRATION Corp acquired a new position in Vivint Solar during the first quarter worth approximately $118,000. Finally, IPG Investment Advisors LLC acquired a new position in Vivint Solar during the first quarter worth approximately $112,000. 93.77% of the stock is currently owned by institutional investors.
VSLR has been the topic of a number of recent analyst reports. 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 report on Thursday, May 11th. Goldman Sachs Group, Inc. (The) raised shares of Vivint Solar from a “neutral” rating to a “buy” rating and increased their price target 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 price target 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 assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $5.32.
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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