Sunworks, Inc. (SUNW) COO Sells $27,750.00 in Stock
Sunworks, Inc. (NASDAQ:SUNW) COO Abraham Richard Emard sold 15,000 shares of the company’s stock in a transaction on Friday, July 14th. The shares were 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 in the company, valued at $1,169,764.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
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 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. (NASDAQ SUNW) traded up 4.82% on Wednesday, reaching $1.96. The company’s stock had a trading volume of 440,017 shares. The company has a 50 day moving average price of $1.72 and a 200 day moving average price of $1.73. Sunworks, Inc. has a 52-week low of $1.28 and a 52-week high of $3.36. The company’s market cap is $43.98 million.
Sunworks (NASDAQ:SUNW) last issued its quarterly earnings data on Thursday, May 11th. The semiconductor company reported ($0.14) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.11) by $0.03. The business had revenue of $14.35 million for the quarter. Sunworks had a negative return on equity of 52.21% and a negative net margin of 14.65%. During the same quarter in the previous year, the firm earned ($0.02) earnings per share. On average, analysts anticipate that Sunworks, Inc. will post ($0.03) earnings per share for the current fiscal year.
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An institutional investor recently bought a new position in Sunworks stock. Renaissance Technologies LLC purchased a new stake in shares of Sunworks, Inc. (NASDAQ:SUNW) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 62,468 shares of the semiconductor company’s stock, valued at approximately $125,000. Renaissance Technologies LLC owned 0.30% of Sunworks at the end of the most recent reporting period. Hedge funds and other institutional investors own 5.48% of the company’s stock.
Several research firms recently weighed in on SUNW. Roth Capital began coverage on Sunworks in a research report on Tuesday, June 27th. They set a “neutral” rating and a $2.50 price target on the stock. Cowen and Company set a $3.00 price target on Sunworks and gave the company a “buy” rating in a research report on Tuesday, July 11th. Finally, Zacks Investment Research raised Sunworks from a “sell” rating to a “hold” rating in a research report on Wednesday, June 14th. Three equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Sunworks presently has a consensus rating of “Hold” and a consensus target price of $3.44.
Sunworks Company Profile
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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