Vivint Solar, Inc. (NYSE:VSLR) Insider Sells $314,757.52 in Stock

Vivint Solar, Inc. (NYSE:VSLR) insider L. Chance Allred sold 60,764 shares of Vivint Solar stock in a transaction that occurred on Monday, July 17th. The shares were sold at an average price of $5.18, for a total transaction of $314,757.52. Following the completion of the transaction, the insider now directly owns 91,463 shares in the company, valued at approximately $473,778.34. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible 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 transaction of $95,170.00.

Vivint Solar, Inc. (NYSE:VSLR) opened at 5.05 on Friday. The firm has a market capitalization of $558.41 million, a P/E ratio of 9.40 and a beta of -0.25. The company has a 50 day moving average of $5.28 and a 200 day moving average of $3.58. 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 data on Tuesday, May 9th. The semiconductor company reported ($0.50) EPS for the quarter, missing the consensus estimate of ($0.48) by $0.02. Vivint Solar had a net margin of 36.54% and a negative return on equity of 29.10%. The business had revenue of $53.11 million for the quarter, compared to analysts’ expectations of $47.09 million. During the same period last year, the business earned ($0.65) earnings per share. The company’s quarterly revenue was up 208.2% on a year-over-year basis. On average, equities research analysts anticipate that Vivint Solar, Inc. will post ($1.74) earnings per share for the current year.

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A number of hedge funds and other institutional investors have recently bought and sold shares of VSLR. FMR LLC increased 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 worth $24,679,000 after buying an additional 752,239 shares in the last quarter. GCA Investment Management LLC purchased a new position in Vivint Solar during the second quarter worth $4,556,000. Parametric Portfolio Associates LLC increased its position 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 worth $564,000 after buying an additional 141,329 shares in the last quarter. Bank of New York Mellon Corp increased its position in Vivint Solar by 0.6% in the first quarter. Bank of New York Mellon Corp now owns 152,176 shares of the semiconductor company’s stock worth $426,000 after buying an additional 914 shares in the last quarter. Finally, First Trust Advisors LP increased its position in Vivint Solar by 17.0% in the second quarter. First Trust Advisors LP now owns 114,852 shares of the semiconductor company’s stock worth $672,000 after buying an additional 16,707 shares in the last quarter. 93.74% of the stock is currently owned by institutional investors.

VSLR has been the topic of several analyst reports. ValuEngine raised shares of Vivint Solar from a “sell” rating to a “hold” rating in a research report on Wednesday, June 21st. Zacks Investment Research raised shares of Vivint Solar from a “hold” rating to a “buy” rating and set a $3.25 price target on the stock in a research report on Thursday, May 11th. Credit Suisse Group set a $4.00 price target on shares of Vivint Solar and gave the stock a “hold” rating in a research report on Monday, May 8th. Finally, Goldman Sachs Group, Inc. (The) raised shares of Vivint Solar from a “neutral” rating to a “buy” rating and upped their price target for the stock from $3.50 to $6.00 in a research report on Tuesday, June 20th. One analyst has rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company’s stock. Vivint Solar has an average rating of “Hold” and a consensus target price of $5.32.

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.