Vivint Solar, Inc. (NYSE:VSLR) insider L. Chance Allred sold 60,764 shares of the firm’s 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 transaction, the insider now directly owns 91,463 shares of the company’s stock, valued at $473,778.34. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.
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. (NYSE VSLR) opened at 5.40 on Thursday. The company has a market capitalization of $597.11 million, a P/E ratio of 10.06 and a beta of -0.19. The company’s 50-day moving average is $4.74 and its 200 day moving average is $3.42. Vivint Solar, Inc. has a one year low of $2.50 and a one year high of $6.09.
Vivint Solar (NYSE:VSLR) last announced its quarterly earnings data on Tuesday, May 9th. The semiconductor company reported ($0.50) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.48) by $0.02. The firm had revenue of $53.11 million for the quarter, compared to analyst estimates of $47.09 million. Vivint Solar had a negative return on equity of 29.10% and a net margin of 36.54%. The company’s quarterly revenue was up 208.2% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.65) earnings per share. Analysts predict that Vivint Solar, Inc. will post ($1.74) EPS for the current year.
VSLR has been the subject of a number of analyst reports. Zacks Investment Research raised shares of Vivint Solar from a “hold” rating to a “buy” rating and set a $3.25 price objective for the company 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 raised their price objective 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 objective on shares of Vivint Solar and gave the stock a “hold” rating in a report on Monday, May 8th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the company’s stock. Vivint Solar has an average rating of “Hold” and a consensus price target of $5.32.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. IPG Investment Advisors LLC purchased a new position in Vivint Solar during the first quarter valued at about $112,000. FMR LLC raised 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 valued at $24,679,000 after buying an additional 752,239 shares during the last quarter. OMERS ADMINISTRATION Corp purchased a new position in Vivint Solar during the first quarter valued at about $118,000. Neuberger Berman Group LLC raised 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 valued at $285,000 after buying an additional 53,000 shares during the last quarter. Finally, Raymond James Financial Services Advisors Inc. increased its stake in shares of Vivint Solar by 1.4% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 73,259 shares of the semiconductor company’s stock valued at $205,000 after buying an additional 1,000 shares during the period. Hedge funds and other institutional investors own 93.77% of the company’s stock.
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.