Sunworks, Inc. (NASDAQ:SUNW) has been assigned a $3.00 price target by equities researchers at Cowen and Company in a report issued on Friday. The brokerage presently has a “buy” rating on the semiconductor company’s stock. Cowen and Company’s target price indicates a potential upside of 76.47% from the company’s previous close.

SUNW has been the topic of a number of other reports. Zacks Investment Research raised Sunworks from a “sell” rating to a “hold” rating in a report on Wednesday, May 17th. Roth Capital initiated coverage on Sunworks in a report on Tuesday, June 27th. They set a “neutral” rating and a $2.50 price target on the stock. Three analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Sunworks has a consensus rating of “Hold” and an average target price of $2.92.

Shares of Sunworks (NASDAQ SUNW) traded down 2.86% during trading on Friday, reaching $1.70. The company’s stock had a trading volume of 288,114 shares. The stock’s 50 day moving average is $1.86 and its 200 day moving average is $1.71. Sunworks has a one year low of $1.28 and a one year high of $3.25. The firm’s market cap is $38.17 million.

Sunworks (NASDAQ:SUNW) last released its earnings results on Thursday, August 10th. The semiconductor company reported $0.04 EPS for the quarter. Sunworks had a negative return on equity of 53.89% and a negative net margin of 15.47%. The business had revenue of $25.01 million for the quarter, compared to the consensus estimate of $25.20 million. On average, equities analysts forecast that Sunworks will post ($0.03) EPS for the current fiscal year.

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In other news, COO Abraham Richard Emard sold 34,500 shares of the company’s stock in a transaction on Wednesday, July 12th. The stock was sold at an average price of $1.79, for a total transaction of $61,755.00. Following the transaction, the chief operating officer now directly owns 684,046 shares of the company’s stock, valued at $1,224,442.34. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Over the last ninety days, insiders have bought 34,625 shares of company stock worth $52,089 and have sold 245,239 shares worth $464,391. Corporate insiders own 5.55% of the company’s stock.

A hedge fund recently raised its stake in Sunworks stock. Sei Investments Co. boosted its position in shares of Sunworks, Inc. (NASDAQ:SUNW) by 20.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 61,234 shares of the semiconductor company’s stock after buying an additional 10,408 shares during the period. Sei Investments Co. owned approximately 0.27% of Sunworks worth $107,000 as of its most recent SEC filing. 5.53% of the stock is owned by 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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