SolarCity Corp. Target of Unusually Large Options Trading (SCTY)
Shares of SolarCity Corp. (NASDAQ:SCTY) was the recipient of some unusual options trading activity on Thursday. Investors acquired 17,666 call options on the company, Analyst Ratings Network.com reports. This is an increase of 118% compared to the typical volume of 8,111 call options.
In other SolarCity Corp. news, EVP Linda L. Keala sold 3,230 shares of SolarCity Corp. stock on the open market in a transaction that occurred on Tuesday, December 31st. The stock was sold at an average price of $57.39, for a total transaction of $185,369.70. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
A number of analysts have recently weighed in on SCTY shares. Analysts at Credit Suisse reiterated an “outperform” rating on shares of SolarCity Corp. in a research note to investors on Friday, November 15th. They now have a $75.00 price target on the stock. Separately, analysts at Deutsche Bank reiterated a “positive” rating on shares of SolarCity Corp. in a research note to investors on Thursday, November 14th. Finally, analysts at Robert W. Baird upgraded shares of SolarCity Corp. from a “neutral” rating to an “outperform” rating in a research note to investors on Thursday, November 14th. They now have a $71.00 price target on the stock, up previously from $50.00. Five analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $69.20.
Shares of SolarCity Corp. (NASDAQ:SCTY) opened at 59.71 on Friday. SolarCity Corp. has a 1-year low of $13.11 and a 1-year high of $65.30. The stock has a 50-day moving average of $52.54 and a 200-day moving average of $43.9. The company’s market cap is $4.964 billion.
SolarCity Corp. (NASDAQ:SCTY) last announced its earnings results on Wednesday, November 6th. The company reported ($0.43) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.47) by $0.04. The company had revenue of $48.60 million for the quarter, compared to the consensus estimate of $41.40 million. SolarCity Corp.’s revenue was up 52.0% compared to the same quarter last year.
SolarCity Corporation (NASDAQ:SCTY) is engaged in the design, installation and sale or lease of solar energy systems to residential and commercial customers, or sale of electricity generated by solar energy systems to customers.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.