Sunrun Inc. (NASDAQ:RUN) Director Lynn Michelle Jurich Sells 50,000 Shares

Sunrun Inc. (NASDAQ:RUN) Director Lynn Michelle Jurich sold 50,000 shares of the company’s stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $9.10, for a total value of $455,000.00. Following the sale, the director now owns 941,753 shares of the company’s stock, valued at $8,569,952.30. This trade represents a 5.04 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

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

• On Friday, January 17th, Lynn Michelle Jurich sold 50,000 shares of Sunrun stock. The stock was 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 stock was sold at an average price of $9.42, for a total value of $471,000.00.

Sunrun Trading Down 0.8 %

Shares of NASDAQ:RUN opened at $8.54 on Friday. Sunrun Inc. has a 52-week low of $7.87 and a 52-week high of $22.26. The stock has a market cap of $1.92 billion, a price-to-earnings ratio of -4.69 and a beta of 2.59. 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 business has a 50-day moving average price of $9.47 and a 200-day moving average price of $13.51.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on RUN shares. BNP Paribas upgraded Sunrun from a “neutral” rating to an “outperform” rating and set a $16.00 price objective for the company in a research note on Tuesday, January 7th. 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 decreased their price target on Sunrun from $20.00 to $11.00 and set a “market perform” rating for the company in a research note on Monday, November 11th. Morgan Stanley decreased their price target on Sunrun from $35.00 to $27.00 and set an “overweight” rating for the company in a research note on Friday, November 15th. Finally, Oppenheimer decreased 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. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $18.36.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of RUN. Creative Planning grew its holdings in Sunrun by 0.3% during the third quarter. Creative Planning now owns 290,259 shares of the energy company’s stock worth $5,242,000 after acquiring an additional 784 shares during the period. Van ECK Associates Corp grew its holdings in Sunrun by 1.8% during the third quarter. Van ECK Associates Corp now owns 50,105 shares of the energy company’s stock worth $905,000 after acquiring an additional 886 shares during the period. CIBC Asset Management Inc grew its holdings in Sunrun by 5.8% during the fourth quarter. CIBC Asset Management Inc now owns 24,774 shares of the energy company’s stock worth $229,000 after acquiring an additional 1,360 shares during the period. Blue Trust Inc. grew its holdings in Sunrun by 385.5% during the third quarter. Blue Trust Inc. now owns 1,845 shares of the energy company’s stock worth $33,000 after acquiring an additional 1,465 shares during the period. Finally, International Assets Investment Management LLC grew 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 acquiring an additional 1,638 shares during the period. 91.69% of the stock is currently owned by hedge funds and other institutional investors.

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.