John Patrick Sullivan Buys 50,000 Shares of iSun, Inc. (NASDAQ:ISUN) Stock

iSun, Inc. (NASDAQ:ISUNGet Rating) CFO John Patrick Sullivan acquired 50,000 shares of the stock in a transaction dated Monday, May 22nd. The stock was acquired at an average cost of $0.49 per share, with a total value of $24,500.00. Following the purchase, the chief financial officer now owns 188,599 shares of the company’s stock, valued at approximately $92,413.51. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

iSun Trading Up 4.7 %

ISUN opened at $0.61 on Friday. The business has a fifty day moving average price of $0.71 and a 200 day moving average price of $1.31. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.82 and a quick ratio of 0.74. iSun, Inc. has a 12 month low of $0.47 and a 12 month high of $4.98. The stock has a market capitalization of $8.53 million, a price-to-earnings ratio of -0.53 and a beta of 0.69.

iSun (NASDAQ:ISUNGet Rating) last announced its quarterly earnings data on Thursday, March 30th. The company reported ($0.20) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.31) by $0.11. iSun had a negative return on equity of 40.04% and a negative net margin of 21.24%. The business had revenue of $25.86 million during the quarter, compared to analysts’ expectations of $20.60 million. Sell-side analysts expect that iSun, Inc. will post -0.41 earnings per share for the current fiscal year.

Institutional Investors Weigh In On iSun

A number of large investors have recently modified their holdings of the company. Renaissance Technologies LLC purchased a new stake in shares of iSun during the 3rd quarter worth $27,000. Cambridge Investment Research Advisors Inc. acquired a new stake in iSun in the first quarter valued at $43,000. Northern Trust Corp purchased a new stake in iSun during the 2nd quarter worth about $48,000. Jane Street Group LLC acquired a new position in shares of iSun during the 3rd quarter worth about $55,000. Finally, State Street Corp increased its holdings in shares of iSun by 29.3% in the 3rd quarter. State Street Corp now owns 29,158 shares of the company’s stock valued at $64,000 after acquiring an additional 6,600 shares during the last quarter. 9.60% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, Roth Capital reissued a “buy” rating on shares of iSun in a research report on Thursday, March 16th.

iSun Company Profile

(Get Rating)

iSUN, Inc engages in the provision of design, development, engineering, procurement, installation, storage, and electric vehicle infrastructure services for residential, commercial, industrial, and utility customers. The firm is also involved in providing electrical contracting, and data and communication services.

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