Sunrun Inc. (NASDAQ:RUN) Director Lynn Michelle Jurich Sells 1,937 Shares

Sunrun Inc. (NASDAQ:RUN) Director Lynn Michelle Jurich sold 1,937 shares of the firm’s stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $18.23, for a total value of $35,311.51. Following the sale, the director now owns 1,242,446 shares in the company, valued at $22,649,790.58. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

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

• On Friday, July 19th, Lynn Michelle Jurich sold 50,000 shares of Sunrun stock. The stock was sold at an average price of $16.93, for a total transaction of $846,500.00.
• On Thursday, June 20th, Lynn Michelle Jurich sold 50,000 shares of Sunrun stock. The shares were sold at an average price of $12.11, for a total value of $605,500.00.

Sunrun Stock Performance

Sunrun stock traded down $0.09 during midday trading on Tuesday, reaching $17.20. 5,823,178 shares of the stock traded hands, compared to its average volume of 12,792,063. Sunrun Inc. has a fifty-two week low of $8.43 and a fifty-two week high of $22.26. The company has a current ratio of 1.66, a quick ratio of 1.31 and a debt-to-equity ratio of 1.84. The firm has a market cap of $3.84 billion, a price-to-earnings ratio of -2.58 and a beta of 2.59. The firm has a fifty day moving average price of $17.63 and a two-hundred day moving average price of $14.02.

Sunrun (NASDAQ:RUN) last announced its quarterly earnings results on Tuesday, August 6th. The energy company reported $0.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.33) by $0.88. Sunrun had a negative return on equity of 2.41% and a negative net margin of 66.36%. The company had revenue of $523.87 million during the quarter, compared to analyst estimates of $516.76 million. During the same quarter in the previous year, the firm posted $0.25 EPS. The firm’s quarterly revenue was down 11.2% on a year-over-year basis. On average, equities research analysts forecast that Sunrun Inc. will post -0.16 earnings per share for the current year.

Institutional Trading of Sunrun

A number of hedge funds and other institutional investors have recently made changes to their positions in RUN. Victory Capital Management Inc. lifted its position in Sunrun by 1.5% in the second quarter. Victory Capital Management Inc. now owns 45,374 shares of the energy company’s stock worth $538,000 after purchasing an additional 691 shares during the period. Crossmark Global Holdings Inc. lifted its holdings in shares of Sunrun by 6.0% in the second quarter. Crossmark Global Holdings Inc. now owns 15,690 shares of the energy company’s stock valued at $186,000 after buying an additional 895 shares during the period. Treasurer of the State of North Carolina grew its holdings in Sunrun by 1.0% during the fourth quarter. Treasurer of the State of North Carolina now owns 93,585 shares of the energy company’s stock worth $1,837,000 after acquiring an additional 910 shares during the period. Manchester Capital Management LLC raised its position in Sunrun by 41.9% in the fourth quarter. Manchester Capital Management LLC now owns 3,178 shares of the energy company’s stock worth $62,000 after acquiring an additional 938 shares in the last quarter. Finally, Spire Wealth Management raised its position in Sunrun by 18.7% in the first quarter. Spire Wealth Management now owns 6,405 shares of the energy company’s stock worth $84,000 after acquiring an additional 1,010 shares in the last quarter. 91.69% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. Barclays increased their target price on Sunrun from $16.00 to $19.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 23rd. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Sunrun from $12.00 to $16.50 and gave the stock a “hold” rating in a report on Thursday, August 8th. Morgan Stanley upped their target price on shares of Sunrun from $31.00 to $35.00 and gave the company an “overweight” rating in a research note on Wednesday, August 21st. Piper Sandler increased their price target on shares of Sunrun from $20.00 to $23.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 7th. Finally, Truist Financial reissued a “hold” rating and issued a $18.00 price objective (up from $12.00) on shares of Sunrun in a report on Wednesday, August 7th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat, Sunrun has a consensus rating of “Moderate Buy” and an average target price of $22.98.

About Sunrun

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.