Vivint Solar Inc (NYSE:VSLR) Director Joseph S. Tibbetts, Jr. sold 20,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 14th. The stock was sold at an average price of $5.11, for a total transaction of $102,200.00. Following the sale, the director now owns 65,689 shares in the company, valued at $335,670.79. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

VSLR stock opened at $5.20 on Friday. The company has a debt-to-equity ratio of 3.20, a quick ratio of 1.68 and a current ratio of 1.77. Vivint Solar Inc has a fifty-two week low of $2.70 and a fifty-two week high of $6.15. The company has a market cap of $640.44 million, a P/E ratio of -3.29 and a beta of -0.41.

Vivint Solar (NYSE:VSLR) last announced its quarterly earnings results on Tuesday, August 7th. The company reported ($0.50) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.20) by ($0.30). The business had revenue of $80.80 million during the quarter, compared to analyst estimates of $91.30 million. Vivint Solar had a net margin of 67.35% and a negative return on equity of 36.77%. analysts anticipate that Vivint Solar Inc will post -1.55 EPS for the current year.

A number of research firms recently weighed in on VSLR. Zacks Investment Research lowered shares of Vivint Solar from a “hold” rating to a “sell” rating in a research note on Saturday, August 11th. ValuEngine upgraded shares of Vivint Solar from a “sell” rating to a “hold” rating in a research note on Thursday, June 28th. JMP Securities upgraded shares of Vivint Solar from a “market perform” rating to an “outperform” rating in a research note on Wednesday, August 8th. Bank of America upped their target price on shares of Vivint Solar from $6.50 to $7.00 and gave the stock a “buy” rating in a research note on Tuesday, July 24th. Finally, Guggenheim upgraded shares of Vivint Solar from a “neutral” rating to a “buy” rating in a research note on Friday, June 22nd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $5.50.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. First Trust Advisors LP boosted its holdings in Vivint Solar by 8.8% in the second quarter. First Trust Advisors LP now owns 118,942 shares of the company’s stock valued at $589,000 after purchasing an additional 9,578 shares in the last quarter. Dynamic Technology Lab Private Ltd boosted its holdings in Vivint Solar by 217.5% in the second 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 in the last quarter. Schwab Charles Investment Management Inc. boosted its holdings in Vivint Solar by 26.2% in the second quarter. Schwab Charles Investment Management Inc. now owns 126,702 shares of the company’s stock valued at $628,000 after purchasing an additional 26,275 shares in the last quarter. Victory Capital Management Inc. boosted its holdings in Vivint Solar by 141.4% in the first 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 in the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in Vivint Solar by 54.3% in the second 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 in the last quarter. 91.18% of the stock is owned by hedge funds and other institutional investors.

About Vivint Solar

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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