Sunlight Financial (NYSE:SUNL) Sets New 12-Month Low at $4.52

Sunlight Financial Holdings Inc (NYSE:SUNL)’s stock price hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $4.52 and last traded at $4.57, with a volume of 22196 shares trading hands. The stock had previously closed at $4.87.

A number of research firms have recently commented on SUNL. Zacks Investment Research cut Sunlight Financial from a “hold” rating to a “sell” rating in a research note on Friday, November 19th. Piper Sandler assumed coverage on Sunlight Financial in a research note on Monday, October 4th. They issued an “overweight” rating and a $6.00 target price on the stock. Barclays lifted their target price on Sunlight Financial from $8.00 to $9.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 16th. Roth Capital reduced their price target on shares of Sunlight Financial from $15.00 to $10.00 and set a “buy” rating on the stock in a research note on Tuesday, November 16th. Finally, Credit Suisse Group began coverage on shares of Sunlight Financial in a research report on Monday, October 4th. They issued an “outperform” rating and a $9.00 price objective for the company. One analyst has rated the stock with a sell rating and six have given a buy rating to the stock. According to MarketBeat, Sunlight Financial currently has a consensus rating of “Buy” and a consensus price target of $9.83.

The company’s fifty day simple moving average is $5.33.

Sunlight Financial (NYSE:SUNL) last posted its quarterly earnings data on Monday, November 15th. The company reported ($0.15) EPS for the quarter, missing the consensus estimate of $0.05 by ($0.20). On average, equities research analysts expect that Sunlight Financial Holdings Inc will post 0.26 earnings per share for the current fiscal year.

Large investors have recently added to or reduced their stakes in the business. Coatue Management LLC purchased a new stake in shares of Sunlight Financial during the third quarter valued at $15,930,000. Neuberger Berman Group LLC purchased a new stake in shares of Sunlight Financial in the 3rd quarter valued at $15,545,000. Franklin Resources Inc. acquired a new stake in shares of Sunlight Financial in the third quarter worth $9,862,000. Point72 Asset Management L.P. purchased a new position in shares of Sunlight Financial during the third quarter worth $3,560,000. Finally, Uniplan Investment Counsel Inc. acquired a new position in Sunlight Financial during the third quarter valued at $3,166,000. 59.14% of the stock is currently owned by institutional investors.

Sunlight Financial Company Profile (NYSE:SUNL)

Sunlight Financial Holdings Inc is a premier, technology-enabled point-of-sale finance company. Sunlight Financial Holdings Inc, formerly known as Spartan Acquisition Corp. II, is based in NEW YORK.

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