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 Sunrun stock in a transaction dated Friday, January 17th. The stock was sold at an average price of $9.59, for a total value of $479,500.00. Following the sale, the director now directly owns 991,753 shares of the company’s stock, valued at $9,510,911.27. This trade represents a 4.80 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

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 Trading Down 2.3 %

Sunrun stock traded down $0.22 during trading on Tuesday, reaching $9.22. 14,927,370 shares of the company were exchanged, compared to its average volume of 9,978,280. The company has a debt-to-equity ratio of 1.92, a current ratio of 1.47 and a quick ratio of 1.15. The stock’s 50 day simple moving average is $10.30 and its two-hundred day simple moving average is $14.66. The company has a market capitalization of $2.07 billion, a P/E ratio of -5.07 and a beta of 2.58. Sunrun Inc. has a 52-week low of $8.94 and a 52-week high of $22.26.

Sunrun (NASDAQ:RUN) last announced its quarterly earnings results on Thursday, November 7th. The energy company reported ($0.37) earnings per share for the quarter, missing the consensus estimate of ($0.16) by ($0.21). The firm had revenue of $537.17 million for the quarter, compared to analyst estimates of $560.60 million. Sunrun had a negative net margin of 18.80% and a negative return on equity of 5.15%. During the same period in the previous year, the firm posted $0.40 EPS. On average, equities research analysts expect that Sunrun Inc. will post -0.4 earnings per share for the current fiscal year.

Institutional Trading of Sunrun

Several institutional investors have recently added to or reduced their stakes in RUN. Victory Capital Management Inc. lifted its stake in Sunrun by 1.5% during the 2nd quarter. Victory Capital Management Inc. now owns 45,374 shares of the energy company’s stock worth $538,000 after acquiring an additional 691 shares in the last quarter. American Century Companies Inc. increased its stake in Sunrun by 27.2% during the second quarter. American Century Companies Inc. now owns 228,990 shares of the energy company’s stock worth $2,716,000 after purchasing an additional 49,007 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of Sunrun by 20.0% during the second quarter. Dimensional Fund Advisors LP now owns 4,385,218 shares of the energy company’s stock worth $52,025,000 after purchasing an additional 729,633 shares in the last quarter. Mercer Global Advisors Inc. ADV boosted its stake in shares of Sunrun by 3.1% in the second quarter. Mercer Global Advisors Inc. ADV now owns 49,762 shares of the energy company’s stock valued at $600,000 after purchasing an additional 1,485 shares during the period. Finally, Hsbc Holdings PLC grew its holdings in shares of Sunrun by 23.0% in the second quarter. Hsbc Holdings PLC now owns 108,415 shares of the energy company’s stock valued at $1,280,000 after purchasing an additional 20,247 shares in the last quarter. Institutional investors and hedge funds own 91.69% of the company’s stock.

Analyst Ratings Changes

Several research firms recently commented on RUN. Jefferies Financial Group dropped 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. Barclays cut their target price on shares of Sunrun from $19.00 to $18.00 and set an “equal weight” rating for the company in a report on Wednesday, October 16th. Morgan Stanley lowered their price target on shares of Sunrun from $35.00 to $27.00 and set an “overweight” rating on the stock in a report on Friday, November 15th. The Goldman Sachs Group cut their price objective on shares of Sunrun from $19.00 to $17.00 and set a “buy” rating for the company in a report on Tuesday, December 17th. Finally, Susquehanna lowered their target price 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. Two 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. According to data from MarketBeat, Sunrun currently has an average rating of “Moderate Buy” and a consensus price target 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.