Alex J. Dunn Sells 100,000 Shares of Vivint Solar, Inc. (NYSE:VSLR) Stock

Vivint Solar, Inc. (NYSE:VSLR) Director Alex J. Dunn sold 100,000 shares of the stock in a transaction dated Friday, November 17th. The shares were sold at an average price of $3.43, for a total transaction of $343,000.00. Following the completion of the transaction, the director now directly owns 395,649 shares in the company, valued at $1,357,076.07. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Vivint Solar, Inc. (NYSE VSLR) opened at $3.35 on Wednesday. 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, Inc. has a 52 week low of $2.55 and a 52 week high of $6.09.

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

Several institutional investors have recently made changes to their positions in the company. Quentec Asset Management LLC grew its stake in shares of Vivint Solar by 24.5% in the third quarter. Quentec Asset Management LLC now owns 3,964,748 shares of the company’s stock worth $13,480,000 after acquiring an additional 781,333 shares during the period. GCA Investment Management LLC bought a new stake in Vivint Solar in the second quarter worth $4,556,000. Vanguard Group Inc. increased its position in Vivint Solar by 23.3% during the second quarter. Vanguard Group Inc. now owns 1,743,605 shares of the company’s stock valued at $10,200,000 after acquiring an additional 329,748 shares during the last quarter. Parametric Portfolio Associates LLC increased its position in Vivint Solar by 235.2% during the first quarter. Parametric Portfolio Associates LLC now owns 201,415 shares of the company’s stock valued at $564,000 after acquiring an additional 141,329 shares during the last quarter. Finally, Virtu KCG Holdings LLC increased its position in Vivint Solar by 456.9% during the second quarter. Virtu KCG Holdings LLC now owns 161,804 shares of the company’s stock valued at $947,000 after acquiring an additional 132,751 shares during the last quarter. 92.60% of the stock is owned by institutional investors.

Several research analysts have recently commented on VSLR shares. Guggenheim started coverage on shares of Vivint Solar in a report on Wednesday, September 27th. They set a “buy” rating and a $5.00 target price on the stock. Zacks Investment Research raised shares of Vivint Solar from a “hold” rating to a “buy” rating and set a $5.25 price objective on the stock in a research note on Saturday, August 12th. BidaskClub cut shares of Vivint Solar from a “strong-buy” rating to a “buy” rating in a research note on Friday, August 11th. Bank of America initiated coverage on shares of Vivint Solar in a research report on Monday, November 6th. They issued a “buy” rating on the stock. Finally, TheStreet upgraded shares of Vivint Solar from a “d” rating to a “c” rating in a research report on Monday, October 2nd. One investment analyst has rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $5.05.

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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.

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

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