ValuEngine upgraded shares of Sunworks, Inc. (NASDAQ:SUNW) from a strong sell rating to a sell rating in a research report released on Wednesday.

Several other research analysts have also recently issued reports on the stock. Cowen and Company set a $3.00 target price on shares of Sunworks and gave the stock a buy rating in a report on Tuesday, July 11th. Zacks Investment Research raised shares of Sunworks from a sell rating to a hold rating in a report on Wednesday, May 17th. Finally, Roth Capital initiated coverage on shares of Sunworks in a report on Tuesday, June 27th. They issued a neutral rating and a $2.50 target price for the company. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company. The company currently has a consensus rating of Hold and an average target price of $2.75.

Shares of Sunworks (SUNW) remained flat at $1.41 during midday trading on Wednesday. The stock had a trading volume of 137,645 shares. The company’s 50-day moving average price is $1.64 and its 200-day moving average price is $1.62. Sunworks has a 12 month low of $1.28 and a 12 month high of $3.25. The company’s market cap is $31.66 million.

Sunworks (NASDAQ:SUNW) last issued its earnings results on Thursday, August 10th. The semiconductor company reported $0.04 earnings per share (EPS) for the quarter. The business had revenue of $25.01 million during the quarter, compared to analysts’ expectations of $25.20 million. Sunworks had a negative net margin of 15.37% and a negative return on equity of 54.69%. On average, equities research analysts forecast that Sunworks will post ($0.03) EPS for the current fiscal year.

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In other news, insider Abraham Richard Emard sold 44,741 shares of the business’s stock in a transaction that occurred on Thursday, July 13th. The shares were sold at an average price of $1.79, for a total transaction of $80,086.39. Following the completion of the transaction, the insider now directly owns 684,046 shares of the company’s stock, valued at $1,224,442.34. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have sold 245,239 shares of company stock valued at $464,391 over the last three months. 5.55% of the stock is owned by corporate insiders.

A hedge fund recently raised its stake in Sunworks stock. Sei Investments Co. increased its stake in shares of Sunworks, Inc. (NASDAQ:SUNW) by 20.5% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 61,234 shares of the semiconductor company’s stock after purchasing 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 filing with the Securities & Exchange Commission. Institutional investors and hedge funds own 6.16% of the company’s stock.

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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