Insider Selling: Sunrun Inc. (NASDAQ:RUN) Director Sells 50,000 Shares of Stock

Sunrun Inc. (NASDAQ:RUN) Director Lynn Michelle Jurich sold 50,000 shares of the stock in a transaction dated Friday, January 17th. The shares were sold at an average price of $9.59, for a total value of $479,500.00. Following the completion of the sale, the director now directly owns 991,753 shares of the company’s stock, valued at approximately $9,510,911.27. The trade was a 4.80 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible 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 stock was sold at an average price of $9.42, for a total transaction 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 value of $497,000.00.

Sunrun Stock Up 10.4 %

Shares of NASDAQ:RUN opened at $9.34 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. The firm has a market capitalization of $2.10 billion, a PE ratio of -5.13 and a beta of 2.58. The firm has a fifty day moving average of $10.22 and a 200 day moving average of $14.56. Sunrun Inc. has a 52-week low of $8.22 and a 52-week high of $22.26.

Sunrun (NASDAQ:RUN) last released its earnings results on Thursday, November 7th. The energy company reported ($0.37) 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 business had revenue of $537.17 million for the quarter, compared to the consensus estimate of $560.60 million. During the same period in the prior year, the business posted $0.40 EPS. As a group, research analysts anticipate that Sunrun Inc. will post -0.41 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on RUN shares. Jefferies Financial Group decreased their price target on shares of Sunrun from $31.00 to $29.00 and set a “buy” rating for the company in a research note on Thursday, October 10th. Glj Research restated a “sell” rating and set a $7.78 price objective on shares of Sunrun in a research note on Thursday, November 7th. BMO Capital Markets cut their target price on Sunrun from $20.00 to $11.00 and set a “market perform” rating on the stock in a research note on Monday, November 11th. Roth Mkm reduced their price target on shares of Sunrun from $35.00 to $30.00 and set a “buy” rating for the company in a research report on Friday, November 8th. Finally, TD Cowen initiated coverage on Sunrun in a report on Thursday, December 19th. They set a “buy” rating and a $21.00 price objective for the company. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and fourteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $19.11.

Institutional Trading of Sunrun

A number of institutional investors have recently made changes to their positions in RUN. Principal Financial Group Inc. increased its holdings in Sunrun by 33.7% during the 3rd quarter. Principal Financial Group Inc. now owns 1,460,949 shares of the energy company’s stock valued at $26,385,000 after purchasing an additional 367,835 shares during the period. Erste Asset Management GmbH bought a new position in Sunrun during the 3rd quarter valued at approximately $76,152,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its position in shares of Sunrun by 113.5% in the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 2,515,302 shares of the energy company’s stock worth $45,426,000 after purchasing an additional 1,337,302 shares during the last quarter. Aigen Investment Management LP purchased a new position in Sunrun in the third quarter worth about $955,000. Finally, Assenagon Asset Management S.A. raised its holdings in Sunrun by 207.3% in the 3rd quarter. Assenagon Asset Management S.A. now owns 1,375,584 shares of the energy company’s stock worth $24,843,000 after acquiring an additional 927,947 shares during the last quarter. Hedge funds and other institutional investors own 91.69% of the company’s stock.

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.