Shares of Sunworks, Inc. (NASDAQ:SUNW) have been assigned a consensus rating of “Hold” from the six analysts that are covering the firm, Marketbeat reports. One analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and one has assigned a buy recommendation to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $2.75.
Several research analysts have weighed in on SUNW shares. Cowen and Company set a $3.00 target price on Sunworks and gave the stock a “buy” rating in a report on Tuesday, July 11th. Roth Capital started coverage on Sunworks in a report on Tuesday, June 27th. They set a “neutral” rating and a $2.50 target price on the stock. Zacks Investment Research upgraded Sunworks from a “sell” rating to a “hold” rating in a report on Wednesday, June 14th. Finally, ValuEngine upgraded Sunworks from a “strong sell” rating to a “sell” rating in a report on Wednesday, September 13th.
In other Sunworks news, COO Abraham Richard Emard sold 34,500 shares of Sunworks stock in a transaction dated Wednesday, July 12th. The stock was sold at an average price of $1.79, for a total value of $61,755.00. Following the sale, the chief operating officer now owns 684,046 shares of the company’s stock, valued at approximately $1,224,442.34. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders sold a total of 245,239 shares of company stock worth $464,391 in the last three months. Company insiders own 5.55% of the company’s stock.
An institutional investor recently raised its position in Sunworks stock. Sei Investments Co. lifted its stake in Sunworks, Inc. (NASDAQ:SUNW) by 20.5% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 61,234 shares of the semiconductor company’s stock after acquiring an additional 10,408 shares during the quarter. Sei Investments Co. owned approximately 0.27% of Sunworks worth $107,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 6.16% of the company’s stock.
Sunworks (NASDAQ:SUNW) traded up 4.26% on Wednesday, reaching $1.47. The company had a trading volume of 96,982 shares. The stock’s market capitalization is $33.01 million. Sunworks has a 12 month low of $1.28 and a 12 month high of $3.25. The firm has a 50 day moving average price of $1.64 and a 200-day moving average price of $1.62.
Sunworks (NASDAQ:SUNW) last posted its earnings results on Thursday, August 10th. The semiconductor company reported $0.04 earnings per share for the quarter. The firm had revenue of $25.01 million for the quarter, compared to analyst estimates of $25.20 million. Sunworks had a negative return on equity of 54.69% and a negative net margin of 15.37%. Analysts forecast that Sunworks will post ($0.03) earnings per share for the current fiscal year.
Sunworks, Inc, formerly Solar3D, Inc, provides photo voltaic (PV) based power systems for the residential, commercial and agricultural markets in California and Nevada. The Company, through its operating subsidiaries, designs, arranges financing, integrates, installs and manages systems ranging in size from 2 kilowatt (KW) for residential loads to multi megawatts (MW) systems for larger commercial projects.
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