Vivint Solar, Inc. (NYSE:VSLR) insider L. Chance Allred sold 60,764 shares of the firm’s stock in a transaction on Monday, July 17th. The shares were sold at an average price of $5.18, for a total value of $314,757.52. Following the completion of the sale, the insider now owns 91,463 shares in the company, valued at $473,778.34. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through 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 value of $95,170.00.
Shares of Vivint Solar, Inc. (NYSE:VSLR) opened at 4.75 on Friday. The firm has a 50-day moving average of $5.40 and a 200 day moving average of $3.68. The stock has a market capitalization of $543.71 million, a PE ratio of 9.98 and a beta of -0.25. Vivint Solar, Inc. has a 1-year low of $2.50 and a 1-year high of $6.09.
Vivint Solar (NYSE:VSLR) last released its quarterly earnings results on Tuesday, August 8th. The semiconductor company reported ($0.33) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.40) by $0.07. Vivint Solar had a net margin of 26.35% and a negative return on equity of 26.46%. The business had revenue of $73 million for the quarter, compared to the consensus estimate of $65.41 million. During the same period in the prior year, the company posted $0.12 earnings per share. Vivint Solar’s revenue was up 109.2% compared to the same quarter last year. On average, equities analysts anticipate that Vivint Solar, Inc. will post ($1.48) earnings per share for the current fiscal year.
Large investors have recently bought and sold shares of the company. FMR LLC boosted its stake in Vivint Solar by 8.4% in the fourth quarter. FMR LLC now owns 9,678,104 shares of the semiconductor company’s stock valued at $24,679,000 after buying an additional 752,239 shares in the last quarter. Vanguard Group Inc. boosted its stake in Vivint Solar by 23.3% in the second quarter. Vanguard Group Inc. now owns 1,743,605 shares of the semiconductor company’s stock valued at $10,200,000 after buying an additional 329,748 shares in the last quarter. GCA Investment Management LLC purchased a new stake in Vivint Solar during the second quarter valued at $4,556,000. Parametric Portfolio Associates LLC boosted its stake 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 valued at $564,000 after buying an additional 141,329 shares in the last quarter. Finally, Virtu KCG Holdings LLC boosted its stake in Vivint Solar by 456.9% in the second quarter. Virtu KCG Holdings LLC now owns 161,804 shares of the semiconductor company’s stock valued at $947,000 after buying an additional 132,751 shares in the last quarter. 93.72% of the stock is owned by institutional investors and hedge funds.
A number of equities analysts recently issued reports on VSLR shares. Credit Suisse Group set a $4.00 price target on shares of Vivint Solar and gave the company a “hold” rating in a research report on Monday, May 8th. Zacks Investment Research upgraded shares of Vivint Solar from a “hold” rating to a “buy” rating and set a $3.25 price target for the company in a research report on Thursday, May 11th. Deutsche Bank AG downgraded shares of Vivint Solar from a “buy” rating to a “hold” rating and set a $6.00 price target for the company. in a research report on Wednesday. Goldman Sachs Group, Inc. (The) upgraded shares of Vivint Solar from a “neutral” rating to a “buy” rating and lifted their price target for the company from $3.50 to $6.00 in a research report on Tuesday, June 20th. Finally, ValuEngine upgraded Vivint Solar from a “sell” rating to a “hold” rating in a research report on Wednesday, June 21st. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company’s stock. Vivint Solar currently has a consensus rating of “Hold” and a consensus target price of $5.04.
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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