Via Renewables (NASDAQ:VIA) Stock Price Up 1.6% - Time to Buy?

Key Points

• Via Renewables (NASDAQ:VIA) saw its stock rise 1.6% during mid-day trading, closing at $51.87 with 661,907 shares traded.
• Analysts from Wall Street Zen have issued a "hold" rating on Via Renewables, indicating cautious sentiment towards the stock's performance.
• Insider sales were prominent, with notable executives selling approximately $22.6 million worth of shares, raising questions about future ownership stability.

Via Renewables, Inc. (NASDAQ:VIA - Get Free Report) rose 1.6% during mid-day trading on Tuesday . The company traded as high as $55.32 and last traded at $51.87. Approximately 661,907 shares traded hands during trading, a decline of 26% from the average daily volume of 894,114 shares. The stock had previously closed at $51.05.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen assumed coverage on Via Renewables in a report on Thursday, May 22nd. They issued a "hold" rating for the company.

Via Renewables Stock Up 1.6%

The company has a quick ratio of 2.32, a current ratio of 2.34 and a debt-to-equity ratio of 1.64. The firm has a market cap of $375.18 million, a PE ratio of 12.90 and a beta of 1.34.

Insiders Place Their Bets

In other Via Renewables news, insider Erin Abrams sold 25,000 shares of the business's stock in a transaction dated Monday, September 15th. The stock was sold at an average price of $43.10, for a total transaction of $1,077,500.00. Following the completion of the sale, the insider directly owned 121,014 shares of the company's stock, valued at approximately $5,215,703.40. The trade was a 17.12% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Daniel Ramot sold 500,000 shares of the business's stock in a transaction dated Monday, September 15th. The stock was sold at an average price of $43.10, for a total value of $21,550,000.00. Following the sale, the chief executive officer directly owned 2,414,053 shares of the company's stock, valued at $104,045,684.30. This represents a 17.16% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 913,645 shares of company stock valued at $39,378,100. 66.20% of the stock is currently owned by insiders.

Via Renewables Company Profile

Via Renewables, Inc, through its subsidiaries, operates as an independent retail energy services company in the United States. It operates through two segments, Retail Electricity and Retail Natural Gas. The Retail Electricity segment engages in the transmission and sale of electricity to residential and commercial customers.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.