Sunworks, Inc. (NASDAQ:SUNW) COO Abraham Richard Emard sold 26,700 shares of the business’s stock in a transaction on Wednesday, July 19th. The shares were sold at an average price of $1.91, for a total value of $50,997.00. Following the sale, the chief operating officer now owns 620,351 shares in the company, valued at $1,184,870.41. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
Abraham Richard Emard also recently made the following trade(s):
- On Tuesday, July 18th, Abraham Richard Emard sold 1,560 shares of Sunworks stock. The shares were sold at an average price of $1.92, for a total value of $2,995.20.
- On Thursday, July 20th, Abraham Richard Emard sold 54,844 shares of Sunworks stock. The shares were sold at an average price of $1.96, for a total value of $107,494.24.
- On Friday, July 14th, Abraham Richard Emard sold 15,000 shares of Sunworks stock. The shares were sold at an average price of $1.85, for a total value of $27,750.00.
- On Monday, July 17th, Abraham Richard Emard sold 25,394 shares of Sunworks stock. The shares were 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 shares were 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 shares were 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 shares were sold at an average price of $1.79, for a total value of $80,086.39.
Shares of Sunworks, Inc. (SUNW) traded up 1.98% during trading on Friday, reaching $2.06. The company’s stock had a trading volume of 288,828 shares. Sunworks, Inc. has a 12-month low of $1.28 and a 12-month high of $3.36. The company has a 50 day moving average of $1.74 and a 200 day moving average of $1.73. The company’s market cap is $46.23 million.
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 business had revenue of $14.35 million for the quarter. Sunworks had a negative net margin of 14.65% and a negative return on equity of 52.21%. During the same quarter in the previous year, the company posted ($0.02) earnings per share. On average, analysts anticipate that Sunworks, Inc. will post ($0.03) EPS for the current fiscal year.
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A number of analysts recently issued reports on SUNW shares. Zacks Investment Research upgraded Sunworks from a “sell” rating to a “hold” rating in a research note on Wednesday, May 17th. Roth Capital started coverage on Sunworks in a research note on Tuesday, June 27th. They set a “neutral” rating and a $2.50 price objective on the stock. Finally, Cowen and Company decreased their price objective on Sunworks from $4.00 to $3.00 and set an “outperform” rating on the stock in a research note on Thursday, March 30th. Three investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $3.44.
A hedge fund recently bought a new stake in Sunworks stock. Renaissance Technologies LLC purchased a new position in shares of Sunworks, Inc. (NASDAQ:SUNW) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 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 reporting period. 5.48% of the stock is owned by hedge funds and other institutional investors.
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.
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