Sunlight Financial Holdings Inc. (NYSE:SUNL) Receives $3.46 Consensus Target Price from Analysts

Sunlight Financial Holdings Inc. (NYSE:SUNLGet Rating) has been given a consensus recommendation of “Hold” by the six brokerages that are covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $3.46.

Several research analysts recently weighed in on SUNL shares. Roth Capital lowered Sunlight Financial from a “buy” rating to a “neutral” rating and dropped their price target for the company from $10.00 to $2.50 in a research report on Thursday, September 29th. Cowen lowered their target price on Sunlight Financial from $8.75 to $5.00 and set an “outperform” rating on the stock in a research note on Thursday, September 29th. Credit Suisse Group lowered their target price on Sunlight Financial from $5.00 to $4.00 and set an “outperform” rating on the stock in a research note on Thursday, September 29th. Cowen decreased their price target on Sunlight Financial to $3.25 in a research note on Thursday, November 17th. Finally, Citigroup downgraded Sunlight Financial from a “buy” rating to a “sell” rating and decreased their price target for the stock from $4.00 to $2.00 in a research note on Thursday, September 29th.

Sunlight Financial Stock Up 0.6 %

Shares of Sunlight Financial stock opened at $1.56 on Friday. The stock’s fifty day moving average is $1.55 and its 200-day moving average is $2.88. Sunlight Financial has a 12-month low of $0.96 and a 12-month high of $5.70.

Hedge Funds Weigh In On Sunlight Financial

Several large investors have recently made changes to their positions in SUNL. American International Group Inc. acquired a new position in shares of Sunlight Financial during the 2nd quarter worth about $34,000. Prudential Financial Inc. acquired a new position in shares of Sunlight Financial during the 2nd quarter worth about $37,000. Virtu Financial LLC acquired a new position in Sunlight Financial in the 2nd quarter valued at approximately $41,000. Ergoteles LLC acquired a new position in Sunlight Financial in the 1st quarter valued at approximately $54,000. Finally, Verition Fund Management LLC acquired a new position in Sunlight Financial in the 1st quarter valued at approximately $56,000. Institutional investors and hedge funds own 29.35% of the company’s stock.

About Sunlight Financial

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Sunlight Financial Holdings Inc operates a business-to-business-to-consumer technology-enabled point-of-sale financing platform in the United States. Its platform is used to provide secured and unsecured loans for homeowners originated by third-party lenders to purchase and install residential solar energy systems, and other home improvements.

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Analyst Recommendations for Sunlight Financial (NYSE:SUNL)

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