Sunworks, Inc. (SUNW) COO Abraham Richard Emard Sells 15,000 Shares

Sunworks, Inc. (NASDAQ:SUNW) COO Abraham Richard Emard sold 15,000 shares of the business’s stock in a transaction on Friday, July 14th. The stock was sold at an average price of $1.85, for a total value of $27,750.00. Following the transaction, the chief operating officer now directly owns 632,305 shares of the company’s stock, valued at $1,169,764.25. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Get Analysts' Upgrades and Downgrades Daily

Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.

Abraham Richard Emard also recently made the following trade(s):

On Monday, July 17th, Abraham Richard Emard sold 25,394 shares of Sunworks stock. The stock was sold at an average price of $1.86, for a total value of $47,232.84.
On Wednesday, July 12th, Abraham Richard Emard sold 34,500 shares of Sunworks stock. The stock was sold at an average price of $1.79, for a total value of $61,755.00.
On Tuesday, July 11th, Abraham Richard Emard sold 8,000 shares of Sunworks stock. The stock was sold at an average price of $1.79, for a total value of $14,320.00.
On Thursday, July 13th, Abraham Richard Emard sold 44,741 shares of Sunworks stock. The stock was sold at an average price of $1.79, for a total value of $80,086.39.

Shares of Sunworks, Inc. (NASDAQ:SUNW) traded up 3.06% during mid-day trading on Thursday, reaching $2.02. The company’s stock had a trading volume of 154,272 shares. The firm’s market capitalization is $45.33 million. The firm has a 50-day moving average of $1.73 and a 200-day moving average of $1.73. Sunworks, Inc. has a 52 week low of $1.28 and a 52 week high of $3.36.

Sunworks (NASDAQ:SUNW) last posted its quarterly earnings results on Thursday, May 11th. The semiconductor company reported ($0.14) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.11) by $0.03. The firm had revenue of $14.35 million during the quarter. Sunworks had a negative return on equity of 52.21% and a negative net margin of 14.65%. During the same period last year, the business earned ($0.02) EPS. Equities research analysts forecast that Sunworks, Inc. will post ($0.03) earnings per share for the current fiscal year.

TRADEMARK VIOLATION WARNING: “[[title]]” was first published by [[site]] and is owned by of [[site]]. If you are accessing this piece of content on another website, it was copied illegally and republished in violation of U.S. & international trademark & copyright law. The correct version of this piece of content can be accessed at [[permalink]].

A hedge fund recently bought a new stake in Sunworks stock. Renaissance Technologies LLC acquired a new position in shares of Sunworks, Inc. (NASDAQ:SUNW) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 62,468 shares of the semiconductor company’s stock, valued at approximately $125,000. Renaissance Technologies LLC owned about 0.30% of Sunworks at the end of the most recent quarter. Institutional investors and hedge funds own 5.48% of the company’s stock.

Several research analysts recently commented on SUNW shares. Cowen and Company set a $3.00 target price on Sunworks and gave the stock a “buy” rating in a research note on Tuesday, July 11th. Zacks Investment Research raised Sunworks from a “sell” rating to a “hold” rating in a research note on Wednesday, June 14th. Finally, Roth Capital started coverage on Sunworks in a research note on Tuesday, June 27th. They set a “neutral” rating and a $2.50 target price for the company. Three investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Sunworks presently has a consensus rating of “Hold” and a consensus target price of $3.44.

About Sunworks

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.