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 institutional investors have recently made changes to their positions in VSLR. Dynamic Technology Lab Private Ltd increased its position in shares of Vivint Solar by 217.5% during the 2nd quarter. Dynamic Technology Lab Private Ltd now owns 33,671 shares of the company’s stock valued at $167,000 after purchasing an additional 23,065 shares during the last quarter. Victory Capital Management Inc. increased its position in shares of Vivint Solar by 141.4% during the 1st quarter. Victory Capital Management Inc. now owns 51,867 shares of the company’s stock valued at $189,000 after purchasing an additional 30,383 shares during the last quarter. Kayne Anderson Capital Advisors LP purchased a new stake in shares of Vivint Solar during the 2nd quarter valued at $206,000. JPMorgan Chase & Co. increased its position in shares of Vivint Solar by 402.4% during the 1st quarter. JPMorgan Chase & Co. now owns 82,527 shares of the company’s stock valued at $301,000 after purchasing an additional 66,101 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its position in shares of Vivint Solar by 54.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 92,712 shares of the company’s stock valued at $459,000 after purchasing an additional 32,623 shares during the last quarter. 88.07% of the stock is owned by hedge funds and other institutional investors.

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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