Lynn Michelle Jurich Sells 1,544 Shares of Sunrun Inc. (NASDAQ:RUN) Stock

Sunrun Inc. (NASDAQ:RUN) Director Lynn Michelle Jurich sold 1,544 shares of Sunrun stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of $6.64, for a total value of $10,252.16. Following the transaction, the director now directly owns 946,779 shares of the company’s stock, valued at $6,286,612.56. The trade was a 0.16 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

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

• On Wednesday, February 19th, Lynn Michelle Jurich sold 50,000 shares of Sunrun stock. The shares were sold at an average price of $9.10, for a total value of $455,000.00.
• On Friday, January 17th, Lynn Michelle Jurich sold 50,000 shares of Sunrun stock. The shares were sold at an average price of $9.59, for a total value of $479,500.00.
• 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.

Sunrun Stock Performance

Shares of RUN stock opened at $7.16 on Friday. 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 fifty-two week low of $5.93 and a fifty-two week high of $22.26. The stock has a 50 day moving average price of $8.95 and a two-hundred day moving average price of $12.63. The company has a market capitalization of $1.62 billion, a P/E ratio of -3.93 and a beta of 2.84.

Wall Street Analyst Weigh In

RUN has been the subject of a number of recent analyst reports. Truist Financial reaffirmed a “hold” rating and set a $9.00 target price (down previously from $12.00) on shares of Sunrun in a report on Monday, March 3rd. UBS Group cut their price objective on Sunrun from $17.00 to $15.00 and set a “buy” rating for the company in a report on Tuesday, March 4th. Piper Sandler lowered Sunrun from an “overweight” rating to a “neutral” rating and cut their price objective for the stock from $23.00 to $11.00 in a report on Friday, November 22nd. StockNews.com raised Sunrun to a “sell” rating in a report on Friday, December 20th. Finally, Wells Fargo & Company cut their price objective on Sunrun from $15.00 to $12.00 and set an “overweight” rating for the company in a report on Wednesday, January 8th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, Sunrun has an average rating of “Moderate Buy” and an average target price of $17.51.

Institutional Trading of Sunrun

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Clal Insurance Enterprises Holdings Ltd bought a new stake in Sunrun in the fourth quarter valued at approximately $18,500,000. Principal Financial Group Inc. raised its holdings in shares of Sunrun by 33.7% during the third quarter. Principal Financial Group Inc. now owns 1,460,949 shares of the energy company’s stock valued at $26,385,000 after acquiring an additional 367,835 shares in the last quarter. Erste Asset Management GmbH bought a new position in shares of Sunrun during the third quarter valued at approximately $76,152,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its holdings in shares of Sunrun by 113.5% during the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 2,515,302 shares of the energy company’s stock valued at $45,426,000 after acquiring an additional 1,337,302 shares in the last quarter. Finally, Aigen Investment Management LP bought a new position in shares of Sunrun during the third quarter valued at approximately $955,000. Institutional investors own 91.69% of the company’s stock.

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.