SolarCity Corp CEO Lyndon R. Rive Sells 43,275 Shares (SCTY)
SolarCity Corp (NASDAQ:SCTY) CEO Lyndon R. Rive sold 43,275 shares of the stock in a transaction that occurred on Thursday, July 3rd. The stock was sold at an average price of $71.58, for a total transaction of $3,097,624.50. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
Several analysts have recently commented on the stock. Analysts at Canaccord Genuity initiated coverage on shares of SolarCity Corp in a research note on Wednesday. They set a “buy” rating and a $94.00 price target on the stock. Separately, 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. Finally, 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. Two analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $80.89.
SolarCity Corp (NASDAQ:SCTY) traded down 1.07% on Thursday, hitting $71.34. The stock had a trading volume of 3,050,768 shares. 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 $57.85 and its 200-day moving average is $63.50. The company’s market cap is $6.570 billion.
SolarCity Corp (NASDAQ:SCTY) last issued its quarterly earnings data on Wednesday, May 7th. The company reported ($0.26) EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted ($0.41) earnings per share. The company’s quarterly revenue was up 111.9% on a year-over-year basis. Analysts expect that SolarCity Corp will post $-3.86 EPS 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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