Insider Selling: Vivint Solar Inc (NYSE:VSLR) Director Sells $760,000.00 in Stock

Vivint Solar Inc (NYSE:VSLR) Director Todd R. Pedersen sold 100,000 shares of Vivint Solar stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $7.60, for a total value of $760,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

VSLR stock opened at $8.50 on Thursday. The company has a quick ratio of 0.85, a current ratio of 0.89 and a debt-to-equity ratio of 3.70. The business has a 50 day moving average price of $8.07 and a two-hundred day moving average price of $6.36. The company has a market cap of $970.52 million, a price-to-earnings ratio of -3.57 and a beta of 0.36. Vivint Solar Inc has a twelve month low of $3.55 and a twelve month high of $9.82.

Vivint Solar (NYSE:VSLR) last posted its quarterly earnings results on Thursday, August 8th. The company reported ($0.73) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.56) by ($0.17). The company had revenue of $90.80 million during the quarter, compared to the consensus estimate of $91.92 million. Vivint Solar had a negative net margin of 25.06% and a negative return on equity of 97.07%. The firm’s revenue for the quarter was up 12.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.50) earnings per share. On average, equities research analysts anticipate that Vivint Solar Inc will post -2.66 EPS for the current fiscal year.

A number of hedge funds have recently bought and sold shares of VSLR. UBS Asset Management Americas Inc. boosted its stake in shares of Vivint Solar by 6.7% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 33,400 shares of the company’s stock worth $244,000 after acquiring an additional 2,100 shares during the period. Bank of Montreal Can boosted its stake in shares of Vivint Solar by 1,260.2% during the 2nd quarter. Bank of Montreal Can now owns 3,659 shares of the company’s stock worth $27,000 after acquiring an additional 3,390 shares during the period. First Trust Advisors LP boosted its stake in shares of Vivint Solar by 3.8% during the 1st quarter. First Trust Advisors LP now owns 116,179 shares of the company’s stock worth $577,000 after acquiring an additional 4,255 shares during the period. Weiss Asset Management LP boosted its stake in shares of Vivint Solar by 28.0% during the 1st quarter. Weiss Asset Management LP now owns 20,574 shares of the company’s stock worth $102,000 after acquiring an additional 4,495 shares during the period. Finally, Point72 Asset Management L.P. boosted its stake in shares of Vivint Solar by 0.3% during the 2nd quarter. Point72 Asset Management L.P. now owns 1,832,421 shares of the company’s stock worth $13,377,000 after acquiring an additional 4,884 shares during the period. Hedge funds and other institutional investors own 90.28% of the company’s stock.

VSLR has been the subject of a number of analyst reports. Bank of America raised their price target on Vivint Solar from $12.50 to $14.00 and gave the company a “buy” rating in a research note on Friday, August 9th. Citigroup upgraded Vivint Solar from a “neutral” rating to a “buy” rating and raised their price target for the company from $4.25 to $8.50 in a research note on Tuesday, May 7th. KeyCorp initiated coverage on Vivint Solar in a research note on Monday. They issued an “overweight” rating and a $12.00 price target for the company. Roth Capital initiated coverage on Vivint Solar in a research note on Monday, May 6th. They issued a “buy” rating and a $10.00 price target for the company. Finally, Zacks Investment Research upgraded Vivint Solar from a “sell” rating to a “hold” rating in a research note on Saturday, May 11th. One analyst has rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $11.25.

About Vivint Solar

Vivint Solar, Inc provides distributed solar energy primarily to residential customers in the United States. 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. As of December 31, 2018, it had an aggregate capacity of 1,060.9 megawatts covering approximately 154,600 homes.

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

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