Insider Selling: Vivint Solar, Inc. (VSLR) Insider Sells 60,764 Shares of Stock

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.

TRADEMARK VIOLATION NOTICE: “Insider Selling: Vivint Solar, Inc. (VSLR) Insider Sells 60,764 Shares of Stock” was first posted by Community Financial News and is owned by of Community Financial News. If you are reading this report on another site, it was stolen and reposted in violation of US & international copyright law. The legal version of this report can be accessed at https://www.com-unik.info/2017/08/12/vivint-solar-inc-vslr-insider-sells-314757-52-in-stock-updated-updated-updated.html.

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.

Insider Buying and Selling by Quarter for Vivint Solar (NYSE:VSLR)

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