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

SUNW has been the topic of several other research reports. Cowen and Company set a $3.00 price objective on shares of Sunworks and gave the stock a buy rating in a research note on Tuesday, July 11th. Roth Capital assumed coverage on shares of Sunworks in a research note on Tuesday, June 27th. They issued a neutral rating and a $2.50 price objective on the stock. Finally, Zacks Investment Research raised Sunworks from a sell rating to a hold rating in a research report on Wednesday, June 14th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company’s stock. Sunworks currently has an average rating of Hold and a consensus price target of $2.75.

Shares of Sunworks (NASDAQ:SUNW) opened at 1.47 on Wednesday. The firm’s 50 day moving average is $1.69 and its 200-day moving average is $1.63. The firm’s market capitalization is $33.01 million. Sunworks has a one year low of $1.28 and a one year high of $3.25.

Sunworks (NASDAQ:SUNW) last announced its quarterly earnings data 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 for the quarter, compared to the consensus estimate 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 predict that Sunworks will post ($0.03) earnings per share for the current fiscal year.

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In related news, COO Abraham Richard Emard sold 34,500 shares of the firm’s stock in a transaction on Wednesday, July 12th. The stock was sold at an average price of $1.79, for a total value of $61,755.00. Following the completion of 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 document filed with the SEC, which can be accessed through the SEC website. Over the last ninety days, insiders sold 245,239 shares of company stock valued at $464,391. 5.55% of the stock is owned by company insiders.

An institutional investor recently raised its position in Sunworks stock. Sei Investments Co. increased its position in Sunworks, Inc. (NASDAQ:SUNW) by 20.5% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 61,234 shares of the semiconductor company’s stock after purchasing an additional 10,408 shares during the quarter. Sei Investments Co. owned approximately 0.27% of Sunworks worth $107,000 at the end of the most recent quarter. 6.16% of the stock is currently owned by institutional investors.

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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