Vivint Solar Inc (NYSE:VSLR) CFO Dana C. Russell sold 36,415 shares of the business’s stock in a transaction on Monday, March 12th. The shares were sold at an average price of $3.25, for a total value of $118,348.75. Following the completion of the sale, the chief financial officer now owns 337,658 shares in the company, valued at $1,097,388.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
Vivint Solar Inc (NYSE:VSLR) remained flat at $$3.25 during trading hours on Monday. 397,568 shares of the company’s stock traded hands, compared to its average volume of 472,551. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.97 and a current ratio of 1.10. Vivint Solar Inc has a 12 month low of $2.65 and a 12 month high of $6.09. The company has a market capitalization of $372.98, a P/E ratio of 1.86 and a beta of -0.30.
Vivint Solar (NYSE:VSLR) last released its quarterly earnings data on Wednesday, March 7th. The company reported ($0.43) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.32) by ($0.11). Vivint Solar had a net margin of 78.01% and a negative return on equity of 24.76%. The company had revenue of $66.78 million for the quarter, compared to the consensus estimate of $66.87 million. During the same quarter in the previous year, the firm posted ($0.41) earnings per share. The business’s revenue for the quarter was up 59.9% compared to the same quarter last year. equities analysts forecast that Vivint Solar Inc will post -1.17 EPS for the current fiscal year.
Several analysts have issued reports on VSLR shares. Guggenheim restated a “neutral” rating and issued a $5.00 target price on shares of Vivint Solar in a research note on Thursday, January 18th. They noted that the move was a valuation call. Bank of America set a $6.00 target price on Vivint Solar and gave the company a “buy” rating in a research note on Thursday. Zacks Investment Research lowered Vivint Solar from a “buy” rating to a “hold” rating in a research note on Tuesday, November 14th. Finally, ValuEngine upgraded Vivint Solar from a “strong sell” rating to a “sell” rating in a research note on Friday, February 2nd. One research analyst has rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the company’s stock. Vivint Solar currently has an average rating of “Hold” and an average target price of $5.25.
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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.
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