Via Renewables (NASDAQ:VIA) Shares Up 1.6% - Still a 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)'s stock price traded up 1.6% on Tuesday . The stock traded as high as $55.32 and last traded at $51.87. 661,907 shares were traded during trading, a decline of 26% from the average session volume of 894,114 shares. The stock had previously closed at $51.05.

Via Renewables Trading Up 5.0%

The company has a quick ratio of 2.32, a current ratio of 2.34 and a debt-to-equity ratio of 1.64.

Insiders Place Their Bets

In other Via Renewables news, Director Nechemia Jacob Peres sold 388,645 shares of the business's stock in a transaction on Monday, September 15th. The shares were sold at an average price of $43.10, for a total value of $16,750,599.50. Following the transaction, the director owned 6,425 shares in the company, valued at $276,917.50. The trade was a 98.37% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Daniel Ramot sold 500,000 shares of the business's stock in a transaction on Monday, September 15th. The stock was sold at an average price of $43.10, for a total transaction of $21,550,000.00. Following the completion of the transaction, the chief executive officer owned 2,414,053 shares in the company, valued at $104,045,684.30. This represents a 17.16% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 913,645 shares of company stock worth $39,378,100 in the last quarter. 66.20% of the stock is owned by corporate 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.