Sunrun Inc. (NASDAQ:RUN) Insider Jeanna Steele Sells 2,357 Shares

Sunrun Inc. (NASDAQ:RUN) insider Jeanna Steele sold 2,357 shares of the stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $18.23, for a total value of $42,968.11. Following the transaction, the insider now directly owns 308,260 shares in the company, valued at approximately $5,619,579.80. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Jeanna Steele also recently made the following trade(s):

• On Wednesday, August 7th, Jeanna Steele sold 24,161 shares of Sunrun stock. The shares were sold at an average price of $19.24, for a total value of $464,857.64.
• On Monday, July 8th, Jeanna Steele sold 2,513 shares of Sunrun stock. The stock was sold at an average price of $12.61, for a total transaction of $31,688.93.

Sunrun Price Performance

Shares of NASDAQ:RUN opened at $17.20 on Wednesday. The stock has a market cap of $3.84 billion, a price-to-earnings ratio of -2.58 and a beta of 2.59. The company has a debt-to-equity ratio of 1.84, a current ratio of 1.66 and a quick ratio of 1.31. Sunrun Inc. has a 12 month low of $8.43 and a 12 month high of $22.26. The stock’s 50 day moving average price is $17.63 and its 200 day moving average price is $14.02.

Sunrun (NASDAQ:RUN) last announced its earnings results on Tuesday, August 6th. The energy company reported $0.55 earnings per share for the quarter, beating the consensus estimate 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 business had revenue of $523.87 million during the quarter, compared to analysts’ expectations of $516.76 million. During the same quarter last year, the business posted $0.25 earnings per share. The company’s quarterly revenue was down 11.2% on a year-over-year basis. Equities research analysts anticipate that Sunrun Inc. will post -0.16 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Sunrun

Hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. boosted its holdings in Sunrun by 0.9% during the fourth quarter. Vanguard Group Inc. now owns 19,581,958 shares of the energy company’s stock worth $384,394,000 after buying an additional 176,861 shares in the last quarter. Truist Financial Corp bought a new stake in shares of Sunrun during the 4th quarter worth $307,000. Victory Capital Management Inc. grew its holdings in shares of Sunrun by 579.1% in the 4th quarter. Victory Capital Management Inc. now owns 258,697 shares of the energy company’s stock worth $5,078,000 after acquiring an additional 220,605 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its position in shares of Sunrun by 142.4% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 242,702 shares of the energy company’s stock worth $3,199,000 after purchasing an additional 142,563 shares during the period. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Sunrun by 6.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,781,951 shares of the energy company’s stock valued at $54,617,000 after purchasing an additional 179,688 shares during the last quarter. Institutional investors and hedge funds own 91.69% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on RUN shares. Evercore ISI reduced their price target on shares of Sunrun from $42.00 to $38.00 and set an “outperform” rating on the stock in a research report on Wednesday, August 7th. Oppenheimer raised their target price on shares of Sunrun from $19.00 to $22.00 and gave the stock an “outperform” rating in a report on Wednesday, August 7th. UBS Group upped their target price on Sunrun from $14.00 to $18.00 and gave the company a “neutral” rating in a report on Wednesday, August 7th. Morgan Stanley raised their price target on Sunrun from $31.00 to $35.00 and gave the stock an “overweight” rating in a report on Wednesday, August 21st. Finally, BMO Capital Markets upped their price objective on Sunrun from $17.00 to $20.00 and gave the stock a “market perform” rating in a research note on Wednesday, August 7th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and fourteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $22.98.

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.