Insider Selling: Vivint Solar Inc (VSLR) COO Sells $103,025.00 in Stock

Vivint Solar Inc (NYSE:VSLR) COO Bryan Christiansen sold 31,700 shares of the company’s stock in a transaction on Wednesday, December 6th. The stock was sold at an average price of $3.25, for a total value of $103,025.00. Following the sale, the chief operating officer now owns 332,462 shares of the company’s stock, valued at $1,080,501.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Vivint Solar Inc (VSLR) traded up $0.10 during midday trading on Monday, reaching $3.50. The company had a trading volume of 183,400 shares, compared to its average volume of 440,627. Vivint Solar Inc has a 1-year low of $2.55 and a 1-year high of $6.09. The company has a debt-to-equity ratio of 1.30, a current ratio of 1.18 and a quick ratio of 1.05.

Vivint Solar (NYSE:VSLR) last posted its quarterly earnings data on Tuesday, November 7th. The company reported ($0.33) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.29) by ($0.04). The company had revenue of $75.10 million during the quarter, compared to analyst estimates of $74.56 million. Vivint Solar had a net margin of 18.65% and a negative return on equity of 26.04%. The business’s revenue for the quarter was up 81.8% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.36) earnings per share. sell-side analysts anticipate that Vivint Solar Inc will post -1.48 EPS for the current fiscal year.

Institutional investors have recently modified their holdings of the business. Dynamic Technology Lab Private Ltd grew its holdings in Vivint Solar by 75.3% during the 2nd quarter. Dynamic Technology Lab Private Ltd now owns 19,161 shares of the company’s stock worth $112,000 after acquiring an additional 8,233 shares during the period. Rhumbline Advisers grew its holdings in Vivint Solar by 9.8% during the 2nd quarter. Rhumbline Advisers now owns 28,571 shares of the company’s stock worth $167,000 after acquiring an additional 2,549 shares during the period. JPMorgan Chase & Co. acquired a new stake in Vivint Solar during the 2nd quarter worth about $278,000. Teachers Advisors LLC grew its holdings in Vivint Solar by 6.8% during the 2nd quarter. Teachers Advisors LLC now owns 47,791 shares of the company’s stock worth $280,000 after acquiring an additional 3,062 shares during the period. Finally, Raymond James Financial Services Advisors Inc. grew its holdings in Vivint Solar by 0.3% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 73,459 shares of the company’s stock worth $430,000 after acquiring an additional 200 shares during the period. Hedge funds and other institutional investors own 92.60% of the company’s stock.

Several research firms have weighed in on VSLR. ValuEngine cut Vivint Solar from a “hold” rating to a “sell” rating in a research note on Friday, September 1st. BidaskClub downgraded shares of Vivint Solar from a “buy” rating to a “hold” rating in a report on Thursday, September 14th. Zacks Investment Research upgraded shares of Vivint Solar from a “hold” rating to a “buy” rating and set a $4.25 price target for the company in a report on Saturday, November 11th. Bank of America initiated coverage on shares of Vivint Solar in a report on Monday, November 6th. They set a “buy” rating for the company. Finally, TheStreet upgraded shares of Vivint Solar from a “d” rating to a “c” rating in a report on Monday, October 2nd. One analyst has rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $5.05.

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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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