Vivint Solar Inc (NYSE:VSLR) CEO David Bywater sold 5,600 shares of the company’s stock in a transaction that occurred on Monday, June 11th. The stock was sold at an average price of $3.94, for a total transaction of $22,064.00. Following the sale, the chief executive officer now owns 771,177 shares in the company, valued at $3,038,437.38. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.
David Bywater also recently made the following trade(s):
- On Wednesday, June 6th, David Bywater sold 7,100 shares of Vivint Solar stock. The shares were sold at an average price of $3.76, for a total value of $26,696.00.
- On Friday, March 16th, David Bywater sold 17,639 shares of Vivint Solar stock. The shares were sold at an average price of $3.25, for a total value of $57,326.75.
- On Wednesday, March 14th, David Bywater sold 27,261 shares of Vivint Solar stock. The shares were sold at an average price of $3.25, for a total value of $88,598.25.
Shares of Vivint Solar opened at $4.10 on Wednesday, according to MarketBeat. The company has a debt-to-equity ratio of 2.68, a current ratio of 0.99 and a quick ratio of 0.88. The company has a market capitalization of $455.55 million, a P/E ratio of -2.59 and a beta of -0.51. Vivint Solar Inc has a 52-week low of $2.70 and a 52-week high of $6.09.
Vivint Solar (NYSE:VSLR) last posted its quarterly earnings data on Tuesday, May 8th. The company reported ($0.53) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.32) by ($0.21). The firm had revenue of $68.30 million during the quarter, compared to analyst estimates of $67.56 million. Vivint Solar had a net margin of 64.57% and a negative return on equity of 28.69%. Vivint Solar’s revenue was up 28.6% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.50) earnings per share. sell-side analysts predict that Vivint Solar Inc will post -1.18 EPS for the current fiscal year.
A number of equities analysts recently issued reports on the company. ValuEngine downgraded Vivint Solar from a “sell” rating to a “strong sell” rating in a report on Monday, April 2nd. Zacks Investment Research downgraded Vivint Solar from a “buy” rating to a “hold” rating in a report on Wednesday, May 9th. Finally, Bank of America set a $6.00 price target on Vivint Solar and gave the company a “buy” rating in a report on Thursday, March 8th. Five analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $5.50.
Several hedge funds have recently bought and sold shares of VSLR. Guggenheim Capital LLC boosted its holdings in shares of Vivint Solar by 84.1% in the fourth quarter. Guggenheim Capital LLC now owns 2,098,429 shares of the company’s stock valued at $8,499,000 after acquiring an additional 958,796 shares during the period. Millennium Management LLC acquired a new stake in shares of Vivint Solar in the first quarter valued at approximately $1,969,000. Bank of New York Mellon Corp boosted its holdings in shares of Vivint Solar by 161.8% in the fourth quarter. Bank of New York Mellon Corp now owns 338,412 shares of the company’s stock valued at $1,371,000 after acquiring an additional 209,141 shares during the period. JPMorgan Chase & Co. boosted its holdings in shares of Vivint Solar by 402.4% in the first quarter. JPMorgan Chase & Co. now owns 82,527 shares of the company’s stock valued at $301,000 after acquiring an additional 66,101 shares during the period. Finally, Victory Capital Management Inc. boosted its holdings in shares of Vivint Solar by 141.4% in the first quarter. Victory Capital Management Inc. now owns 51,867 shares of the company’s stock valued at $189,000 after acquiring an additional 30,383 shares during the period. 90.98% of the stock is owned by institutional investors and hedge funds.
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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