Vivint Solar Inc (NYSE:VSLR) CFO Dana C. Russell sold 250,000 shares of the company’s stock in a transaction on Tuesday, February 11th. The stock was sold at an average price of $10.05, for a total transaction of $2,512,500.00. Following the sale, the chief financial officer now directly owns 575,445 shares of the company’s stock, valued at $5,783,222.25. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.
VSLR opened at $10.91 on Friday. The company has a quick ratio of 0.91, a current ratio of 0.95 and a debt-to-equity ratio of 4.27. The stock’s 50 day moving average price is $8.52 and its two-hundred day moving average price is $7.68. The firm has a market capitalization of $1.34 billion, a P/E ratio of -16.04 and a beta of 0.31. Vivint Solar Inc has a 12-month low of $4.38 and a 12-month high of $11.27.
Several hedge funds have recently modified their holdings of the company. Cubist Systematic Strategies LLC bought a new stake in shares of Vivint Solar in the fourth quarter valued at approximately $50,000. Citigroup Inc. raised its stake in Vivint Solar by 37.2% during the 4th quarter. Citigroup Inc. now owns 10,109 shares of the company’s stock valued at $73,000 after purchasing an additional 2,740 shares during the last quarter. Foresight Wealth Management LLC acquired a new position in Vivint Solar during the 4th quarter valued at $85,000. Great Valley Advisor Group Inc. acquired a new position in Vivint Solar during the 3rd quarter valued at $92,000. Finally, Virtu Financial LLC bought a new stake in Vivint Solar in the 4th quarter valued at $113,000. Institutional investors own 97.91% of the company’s stock.
Several brokerages recently commented on VSLR. ValuEngine downgraded shares of Vivint Solar from a “buy” rating to a “hold” rating in a report on Tuesday, December 24th. Zacks Investment Research cut shares of Vivint Solar from a “buy” rating to a “hold” rating in a report on Saturday, January 11th. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $11.67.
Vivint Solar Company Profile
Vivint Solar, Inc provides distributed solar energy primarily to residential customers in the United States. 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. As of December 31, 2018, it had an aggregate capacity of 1,060.9 megawatts covering approximately 154,600 homes.
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