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 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.
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.
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