Sunworks Inc (NASDAQ:SUNW) insider Abraham Richard Emard sold 80,679 shares of Sunworks stock in a transaction dated Wednesday, October 19th. The stock was sold at an average price of $3.05, for a total transaction of $246,070.95. Following the sale, the insider now owns 680,105 shares of the company’s stock, valued at $2,074,320.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

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

  • On Thursday, August 18th, Abraham Richard Emard sold 7,121 shares of Sunworks stock. The stock was sold at an average price of $3.03, for a total transaction of $21,576.63.
  • On Wednesday, August 10th, Abraham Richard Emard sold 50,000 shares of Sunworks stock. The stock was sold at an average price of $3.11, for a total transaction of $155,500.00.
  • On Wednesday, August 3rd, Abraham Richard Emard sold 11,600 shares of Sunworks stock. The stock was sold at an average price of $3.33, for a total transaction of $38,628.00.
  • On Tuesday, August 2nd, Abraham Richard Emard sold 15,200 shares of Sunworks stock. The stock was sold at an average price of $3.27, for a total transaction of $49,704.00.

Sunworks Inc (NASDAQ:SUNW) traded up 1.00% during midday trading on Wednesday, reaching $3.03. 264,479 shares of the company were exchanged. Sunworks Inc has a 52-week low of $1.84 and a 52-week high of $4.07. The firm’s 50-day moving average price is $2.74 and its 200 day moving average price is $2.63. The stock has a market capitalization of $63.18 million, a price-to-earnings ratio of 26.58 and a beta of 2.14.

Sunworks (NASDAQ:SUNW) last issued its quarterly earnings results on Wednesday, August 10th. The company reported $0.03 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.05 by $0.02. The business had revenue of $31.50 million for the quarter, compared to the consensus estimate of $11 million. Equities analysts predict that Sunworks Inc will post $0.06 earnings per share for the current year.

An institutional investor recently raised its position in Sunworks stock. BlackRock Fund Advisors raised its position in shares of Sunworks Inc (NASDAQ:SUNW) by 24.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 57,176 shares of the company’s stock after buying an additional 11,328 shares during the period. BlackRock Fund Advisors owned approximately 0.29% of Sunworks worth $133,000 as of its most recent filing with the SEC.

SUNW has been the subject of a number of recent research reports. Chardan Capital started coverage on shares of Sunworks in a report on Thursday, August 4th. They issued a “buy” rating and a $5.00 target price for the company. Zacks Investment Research upgraded shares of Sunworks from a “sell” rating to a “hold” rating in a report on Thursday, July 14th. One analyst has rated the stock with a hold rating and four have given a buy rating to the company. Sunworks presently has an average rating of “Buy” and a consensus target price of $4.58.

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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