Sunrun Inc. (NASDAQ:RUN) Director Sells $479,500.00 in Stock

Sunrun Inc. (NASDAQ:RUN) Director Lynn Michelle Jurich sold 50,000 shares of the company’s stock in a transaction on Friday, January 17th. The stock was sold at an average price of $9.59, for a total transaction of $479,500.00. Following the sale, the director now directly owns 991,753 shares of the company’s stock, valued at approximately $9,510,911.27. This represents a 4.80 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link.

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

• On Thursday, December 19th, Lynn Michelle Jurich sold 50,000 shares of Sunrun stock. The shares were sold at an average price of $9.42, for a total value of $471,000.00.
• On Tuesday, November 19th, Lynn Michelle Jurich sold 50,000 shares of Sunrun stock. The stock was sold at an average price of $9.94, for a total transaction of $497,000.00.

Sunrun Stock Performance

Shares of NASDAQ RUN opened at $9.34 on Friday. The stock has a market capitalization of $2.10 billion, a PE ratio of -5.13 and a beta of 2.58. The company has a debt-to-equity ratio of 1.92, a quick ratio of 1.15 and a current ratio of 1.47. Sunrun Inc. has a 52 week low of $8.22 and a 52 week high of $22.26. The stock has a 50 day moving average price of $10.22 and a 200 day moving average price of $14.56.

Sunrun (NASDAQ:RUN) last issued its earnings results on Thursday, November 7th. The energy company reported ($0.37) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.16) by ($0.21). Sunrun had a negative net margin of 18.80% and a negative return on equity of 5.15%. The firm had revenue of $537.17 million during the quarter, compared to analyst estimates of $560.60 million. During the same quarter last year, the business posted $0.40 earnings per share. Analysts predict that Sunrun Inc. will post -0.41 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts recently commented on the company. Jefferies Financial Group cut their target price on Sunrun from $31.00 to $29.00 and set a “buy” rating for the company in a research note on Thursday, October 10th. Guggenheim lowered Sunrun from a “buy” rating to a “neutral” rating in a research report on Thursday, November 7th. Morgan Stanley reduced their target price on shares of Sunrun from $35.00 to $27.00 and set an “overweight” rating on the stock in a research note on Friday, November 15th. BMO Capital Markets decreased their price objective on Sunrun from $20.00 to $11.00 and set a “market perform” rating for the company in a research note on Monday, November 11th. Finally, Oppenheimer lowered their target price on shares of Sunrun from $22.00 to $20.00 and set an “outperform” rating for the company in a research note on Friday, November 8th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $19.11.

Hedge Funds Weigh In On Sunrun

Institutional investors and hedge funds have recently modified their holdings of the stock. Victory Capital Management Inc. boosted its stake in Sunrun by 1.5% in the 2nd quarter. Victory Capital Management Inc. now owns 45,374 shares of the energy company’s stock valued at $538,000 after purchasing an additional 691 shares during the period. Creative Planning boosted its position in shares of Sunrun by 0.3% during the 3rd quarter. Creative Planning now owns 290,259 shares of the energy company’s stock worth $5,242,000 after acquiring an additional 784 shares in the last quarter. Van ECK Associates Corp boosted its holdings in shares of Sunrun by 1.8% in the 3rd quarter. Van ECK Associates Corp now owns 50,105 shares of the energy company’s stock valued at $905,000 after purchasing an additional 886 shares in the last quarter. Blue Trust Inc. boosted its stake in Sunrun by 385.5% in the third quarter. Blue Trust Inc. now owns 1,845 shares of the energy company’s stock valued at $33,000 after buying an additional 1,465 shares in the last quarter. Finally, Mercer Global Advisors Inc. ADV grew its holdings in shares of Sunrun by 3.1% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 49,762 shares of the energy company’s stock valued at $600,000 after purchasing an additional 1,485 shares during the last quarter. 91.69% of the stock is currently owned by institutional investors and hedge funds.

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.