Sunrun Inc. (NASDAQ:RUN) Director Sells $605,500.00 in Stock

Sunrun Inc. (NASDAQ:RUN) Director Lynn Michelle Jurich sold 50,000 shares of the firm’s stock in a transaction dated Thursday, June 20th. The stock was sold at an average price of $12.11, for a total transaction of $605,500.00. Following the completion of the sale, the director now directly owns 1,344,383 shares of the company’s stock, valued at $16,280,478.13. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Lynn Michelle Jurich also recently made the following trade(s):

• On Wednesday, June 5th, Lynn Michelle Jurich sold 50,000 shares of Sunrun stock. The stock was sold at an average price of $14.06, for a total transaction of $703,000.00.

Sunrun Stock Performance

Shares of NASDAQ:RUN opened at $12.70 on Thursday. The company has a debt-to-equity ratio of 1.84, a current ratio of 1.31 and a quick ratio of 0.99. The business has a 50-day simple moving average of $12.38 and a two-hundred day simple moving average of $13.61. Sunrun Inc. has a fifty-two week low of $8.43 and a fifty-two week high of $23.85.

Sunrun (NASDAQ:RUN) last issued its quarterly earnings data on Wednesday, May 8th. The energy company reported ($0.40) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.49) by $0.09. Sunrun had a negative net margin of 68.22% and a negative return on equity of 3.58%. The company had revenue of $458.20 million for the quarter, compared to the consensus estimate of $471.38 million. During the same quarter in the prior year, the firm earned ($1.12) earnings per share. The firm’s revenue for the quarter was down 22.3% compared to the same quarter last year. Equities research analysts forecast that Sunrun Inc. will post -1.27 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have recently issued reports on RUN. Morgan Stanley increased their target price on Sunrun from $24.00 to $29.00 and gave the stock an “overweight” rating in a research report on Friday, June 14th. Royal Bank of Canada lowered their price objective on Sunrun from $17.00 to $15.00 and set an “outperform” rating for the company in a research report on Friday, March 15th. Jefferies Financial Group reduced their target price on shares of Sunrun from $32.00 to $26.00 and set a “buy” rating on the stock in a research report on Thursday, May 9th. Susquehanna lowered their price target on shares of Sunrun from $25.00 to $23.00 and set a “positive” rating for the company in a research report on Thursday, May 9th. Finally, Mizuho cut their price objective on shares of Sunrun from $28.00 to $23.00 and set a “buy” rating on the stock in a report on Friday, April 19th. Seven research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat, Sunrun presently has a consensus rating of “Moderate Buy” and a consensus price target of $21.47.

Hedge Funds Weigh In On Sunrun

A number of institutional investors and hedge funds have recently modified their holdings of the company. C M Bidwell & Associates Ltd. increased its holdings in Sunrun by 1,483.9% during the third quarter. C M Bidwell & Associates Ltd. now owns 2,360 shares of the energy company’s stock valued at $30,000 after buying an additional 2,211 shares during the last quarter. Fifth Third Bancorp increased its stake in shares of Sunrun by 76.9% in the 4th quarter. Fifth Third Bancorp now owns 1,758 shares of the energy company’s stock worth $35,000 after purchasing an additional 764 shares in the last quarter. Versant Capital Management Inc raised its holdings in Sunrun by 149.7% in the 4th quarter. Versant Capital Management Inc now owns 1,880 shares of the energy company’s stock worth $37,000 after purchasing an additional 1,127 shares during the period. BNP Paribas purchased a new position in Sunrun during the first quarter valued at $37,000. Finally, USCF Advisers LLC grew its holdings in Sunrun by 130.0% during the fourth quarter. USCF Advisers LLC now owns 2,300 shares of the energy company’s stock valued at $45,000 after purchasing an additional 1,300 shares during the period. 91.69% of the stock is currently owned by hedge funds and other institutional investors.

Sunrun Company Profile

Sunrun Inc designs, develops, installs, sells, owns, and maintains residential solar energy systems in the United States. It also sells solar energy systems and products, such as panels and racking; and solar leads generated to customers. In addition, the company offers battery storage along with solar energy systems; and sells services to commercial developers through multi-family and new homes.