SolarCity Corp CEO Unloads 76,725 Shares (SCTY)
SolarCity Corp (NASDAQ:SCTY) CEO Lyndon R. Rive sold 76,725 shares of the stock on the open market in a transaction dated Friday, June 27th. The stock was sold at an average price of $70.76, for a total transaction of $5,429,061.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Several analysts have recently commented on the stock. Analysts at Roth Capital raised their price target on shares of SolarCity Corp from $65.00 to $80.00 in a research note on Wednesday, June 18th. Separately, analysts at Robert W. Baird raised their price target on shares of SolarCity Corp from $75.00 to $80.00 in a research note on Friday, May 9th. Finally, analysts at Raymond James reiterated an “outperform” rating on shares of SolarCity Corp in a research note on Thursday, May 8th. They now have a $75.00 price target on the stock. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. SolarCity Corp has an average rating of “Buy” and an average price target of $79.25.
Shares of SolarCity Corp (NASDAQ:SCTY) traded down 0.38% on Monday, hitting $70.60. 3,602,967 shares of the company’s stock traded hands. SolarCity Corp has a 52-week low of $28.31 and a 52-week high of $88.35. The stock’s 50-day moving average is $56.37 and its 200-day moving average is $63.23. The company’s market cap is $6.502 billion.
SolarCity Corp (NASDAQ:SCTY) last issued its quarterly earnings data on Wednesday, May 7th. The company reported ($0.26) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.74) by $0.48. The company had revenue of $63.54 million for the quarter, compared to the consensus estimate of $53.39 million. During the same quarter in the previous year, the company posted ($0.41) earnings per share. The company’s revenue for the quarter was up 111.9% on a year-over-year basis. On average, analysts predict that SolarCity Corp will post $-3.86 earnings per share for the current fiscal 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.
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