Sunrun Inc. (NASDAQ:RUN) CRO Paul S. Dickson Sells 2,968 Shares

Sunrun Inc. (NASDAQ:RUN) CRO Paul S. Dickson sold 2,968 shares of Sunrun stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $11.18, for a total transaction of $33,182.24. Following the sale, the executive now owns 418,492 shares of the company’s stock, valued at approximately $4,678,740.56. This represents a 0.70 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Sunrun Stock Up 3.6 %

Shares of NASDAQ RUN traded up $0.40 during midday trading on Tuesday, reaching $11.37. The company’s stock had a trading volume of 10,173,392 shares, compared to its average volume of 8,641,270. The company has a current ratio of 1.47, a quick ratio of 1.15 and a debt-to-equity ratio of 1.92. Sunrun Inc. has a fifty-two week low of $9.01 and a fifty-two week high of $22.26. The stock has a market capitalization of $2.55 billion, a price-to-earnings ratio of -6.25 and a beta of 2.58. The stock has a 50 day simple moving average of $10.98 and a 200-day simple moving average of $14.82.

Institutional Trading of Sunrun

Hedge funds and other institutional investors have recently made changes to their positions in the business. Principal Financial Group Inc. increased its holdings in Sunrun by 33.7% during the third quarter. Principal Financial Group Inc. now owns 1,460,949 shares of the energy company’s stock worth $26,385,000 after buying an additional 367,835 shares during the last quarter. Franklin Resources Inc. acquired a new position in Sunrun during the third quarter worth $896,000. Wilmington Savings Fund Society FSB acquired a new position in Sunrun during the third quarter worth $44,000. Virtu Financial LLC acquired a new position in Sunrun during the third quarter worth $482,000. Finally, TCW Group Inc. acquired a new position in shares of Sunrun in the third quarter valued at $218,000. 91.69% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. UBS Group lowered their price target on shares of Sunrun from $18.00 to $14.00 and set a “neutral” rating for the company in a research report on Tuesday, November 26th. Roth Mkm reduced their price objective on shares of Sunrun from $35.00 to $30.00 and set a “buy” rating on the stock in a research note on Friday, November 8th. Susquehanna reduced their price objective on shares of Sunrun from $24.00 to $23.00 and set a “positive” rating on the stock in a research note on Wednesday, October 16th. Oppenheimer reduced their price objective on shares of Sunrun from $22.00 to $20.00 and set an “outperform” rating on the stock in a research note on Friday, November 8th. Finally, Jefferies Financial Group reduced their price objective on shares of Sunrun from $31.00 to $29.00 and set a “buy” rating on the stock in a research note on Thursday, October 10th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $19.31.

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.