Vivint Solar Inc (VSLR) CRO Paul S. Dickson Sells 12,300 Shares
Vivint Solar Inc (NYSE:VSLR) CRO Paul S. Dickson sold 12,300 shares of the firm’s stock in a transaction on Thursday, September 6th. The shares were sold at an average price of $4.98, for a total value of $61,254.00. Following the transaction, the executive now owns 229,935 shares in the company, valued at $1,145,076.30. The sale was disclosed in a document filed with the SEC, which is available at this link.
NYSE:VSLR traded down $0.05 during trading hours on Friday, hitting $5.00. 326,601 shares of the company traded hands, compared to its average volume of 341,171. The company has a current ratio of 1.77, a quick ratio of 1.68 and a debt-to-equity ratio of 3.20. Vivint Solar Inc has a one year low of $2.70 and a one year high of $6.15. The stock has a market cap of $598.93 million, a PE ratio of -3.16 and a beta of -0.45.
Vivint Solar (NYSE:VSLR) last announced its earnings results on Tuesday, August 7th. The company reported ($0.50) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.20) by ($0.30). Vivint Solar had a net margin of 67.35% and a negative return on equity of 36.77%. The business had revenue of $80.80 million for the quarter, compared to analysts’ expectations of $91.30 million. sell-side analysts forecast that Vivint Solar Inc will post -0.05 earnings per share for the current fiscal year.
Several equities analysts have weighed in on the company. Guggenheim upgraded Vivint Solar from a “neutral” rating to a “buy” rating in a research note on Friday, June 22nd. ValuEngine upgraded Vivint Solar from a “sell” rating to a “hold” rating in a research note on Saturday, June 2nd. Zacks Investment Research cut Vivint Solar from a “hold” rating to a “sell” rating in a research note on Saturday, August 11th. JMP Securities upgraded Vivint Solar from a “market perform” rating to an “outperform” rating in a research note on Wednesday, August 8th. Finally, Bank of America raised their price objective on Vivint Solar from $6.50 to $7.00 and gave the company a “buy” rating in a research note on Tuesday, July 24th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $5.50.
Vivint Solar Company Profile
Vivint Solar, Inc provides distributed solar energy to residential, commercial, and industrial customers in the United States. The company operates in two segments, Residential, and Commercial and Industrial. 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.
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