Sunrun Inc. (NASDAQ:RUN) Given Average Recommendation of “Hold” by Analysts

Shares of Sunrun Inc. (NASDAQ:RUN) have received an average recommendation of “Hold” from the twenty-three research firms that are currently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and twelve have assigned a buy rating to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $19.21.

RUN has been the subject of several recent research reports. Oppenheimer cut their price target on Sunrun from $22.00 to $20.00 and set an “outperform” rating for the company in a research note on Friday, November 8th. Jefferies Financial Group reduced their target price on Sunrun from $31.00 to $29.00 and set a “buy” rating on the stock in a report on Thursday, October 10th. Guggenheim cut shares of Sunrun from a “buy” rating to a “neutral” rating in a research report on Thursday, November 7th. BNP Paribas lowered shares of Sunrun from an “outperform” rating to a “neutral” rating and set a $14.00 target price on the stock. in a report on Friday, November 8th. Finally, Susquehanna cut their price target on shares of Sunrun from $24.00 to $23.00 and set a “positive” rating for the company in a report on Wednesday, October 16th.

Insider Transactions at Sunrun

In related news, CRO Paul S. Dickson sold 4,017 shares of the business’s stock in a transaction on Monday, October 7th. The shares were sold at an average price of $16.35, for a total transaction of $65,677.95. Following the transaction, the executive now owns 423,866 shares in the company, valued at $6,930,209.10. The trade was a 0.94 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Jeanna Steele sold 2,624 shares of the firm’s stock in a transaction on Monday, October 7th. The stock was sold at an average price of $16.35, for a total transaction of $42,902.40. Following the completion of the sale, the insider now owns 305,636 shares of the company’s stock, valued at $4,997,148.60. The trade was a 0.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 169,691 shares of company stock worth $2,011,601. Company insiders own 3.77% of the company’s stock.

Institutional Trading of Sunrun

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. International Assets Investment Management LLC raised its holdings in Sunrun by 1,706.3% during the third quarter. International Assets Investment Management LLC now owns 1,734 shares of the energy company’s stock worth $31,000 after buying an additional 1,638 shares during the last quarter. Blue Trust Inc. boosted its stake in Sunrun by 385.5% during the 3rd quarter. Blue Trust Inc. now owns 1,845 shares of the energy company’s stock valued at $33,000 after purchasing an additional 1,465 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in shares of Sunrun in the third quarter worth approximately $44,000. Duncker Streett & Co. Inc. bought a new position in shares of Sunrun in the second quarter valued at approximately $36,000. Finally, CWM LLC boosted its position in shares of Sunrun by 883.9% during the second quarter. CWM LLC now owns 3,355 shares of the energy company’s stock valued at $40,000 after buying an additional 3,014 shares during the last quarter. 91.69% of the stock is owned by institutional investors.

Sunrun Price Performance

Shares of Sunrun stock opened at $9.87 on Friday. The company has a quick ratio of 1.15, a current ratio of 1.47 and a debt-to-equity ratio of 1.92. The stock has a market capitalization of $2.21 billion, a price-to-earnings ratio of -5.42 and a beta of 2.54. Sunrun has a twelve month low of $9.01 and a twelve month high of $22.26. The company has a 50-day simple moving average of $11.97 and a two-hundred day simple moving average of $15.09.

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.