Vivint Solar Inc (NYSE:VSLR) CFO Dana C. Russell sold 33,300 shares of Vivint Solar stock in a transaction on Thursday, December 6th. The shares were sold at an average price of $5.15, for a total transaction of $171,495.00. Following the completion of the sale, the chief financial officer now owns 449,463 shares of the company’s stock, valued at approximately $2,314,734.45. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

Shares of NYSE:VSLR traded down $0.18 during mid-day trading on Friday, hitting $5.22. The company had a trading volume of 1,418,385 shares, compared to its average volume of 1,105,963. The firm has a market capitalization of $644.30 million, a P/E ratio of -3.30 and a beta of -0.36. The company has a quick ratio of 1.48, a current ratio of 1.58 and a debt-to-equity ratio of 3.23. Vivint Solar Inc has a one year low of $2.70 and a one year high of $7.44.

Vivint Solar (NYSE:VSLR) last released its quarterly earnings data on Tuesday, November 6th. The company reported ($0.61) earnings per share for the quarter, missing the consensus estimate of ($0.22) by ($0.39). The company had revenue of $77.88 million during the quarter, compared to the consensus estimate of $88.54 million. Vivint Solar had a net margin of 61.71% and a negative return on equity of 50.31%. The business’s revenue was up 3.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.33) EPS. On average, analysts anticipate that Vivint Solar Inc will post -2.08 EPS for the current fiscal year.

Several analysts have recently weighed in on VSLR shares. Zacks Investment Research lowered shares of Vivint Solar from a “hold” rating to a “sell” rating in a research note on Saturday, November 10th. ValuEngine upgraded shares of Vivint Solar from a “hold” rating to a “buy” rating in a research note on Thursday, November 8th. One analyst has rated the stock with a sell rating and four have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $5.50.

A number of hedge funds have recently made changes to their positions in the business. FMR LLC increased its stake in Vivint Solar by 17.2% during the 3rd quarter. FMR LLC now owns 10,679,047 shares of the company’s stock valued at $55,531,000 after purchasing an additional 1,567,320 shares in the last quarter. BlackRock Inc. increased its stake in Vivint Solar by 0.9% during the 3rd quarter. BlackRock Inc. now owns 2,004,278 shares of the company’s stock valued at $10,423,000 after purchasing an additional 17,483 shares in the last quarter. Vanguard Group Inc. increased its stake in Vivint Solar by 2.9% during the 3rd quarter. Vanguard Group Inc. now owns 1,918,306 shares of the company’s stock valued at $9,975,000 after purchasing an additional 53,696 shares in the last quarter. Renaissance Technologies LLC increased its stake in Vivint Solar by 9.9% during the 2nd quarter. Renaissance Technologies LLC now owns 633,530 shares of the company’s stock valued at $3,136,000 after purchasing an additional 57,300 shares in the last quarter. Finally, Bank of America Corp DE increased its stake in Vivint Solar by 1,965.0% during the 2nd quarter. Bank of America Corp DE now owns 562,550 shares of the company’s stock valued at $2,784,000 after purchasing an additional 535,308 shares in the last quarter. Institutional investors and hedge funds own 89.41% of the company’s stock.

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

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