Sunrun Inc (NASDAQ:RUN) major shareholder Tiger Global Management Llc acquired 435,254 shares of the stock in a transaction dated Monday, September 9th. The stock was acquired at an average cost of $15.09 per share, with a total value of $6,567,982.86. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Large shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

Tiger Global Management Llc also recently made the following trade(s):

  • On Wednesday, September 11th, Tiger Global Management Llc bought 122,516 shares of Sunrun stock. The shares were acquired at an average price of $15.47 per share, for a total transaction of $1,895,322.52.
  • On Thursday, September 5th, Tiger Global Management Llc purchased 245,175 shares of Sunrun stock. The stock was acquired at an average cost of $15.50 per share, for a total transaction of $3,800,212.50.
  • On Tuesday, September 3rd, Tiger Global Management Llc purchased 627,439 shares of Sunrun stock. The stock was acquired at an average cost of $15.03 per share, for a total transaction of $9,430,408.17.
  • On Friday, August 23rd, Tiger Global Management Llc purchased 312,954 shares of Sunrun stock. The stock was acquired at an average price of $14.98 per share, with a total value of $4,688,050.92.
  • On Monday, August 19th, Tiger Global Management Llc acquired 236,781 shares of Sunrun stock. The shares were bought at an average cost of $15.71 per share, with a total value of $3,719,829.51.
  • On Wednesday, August 21st, Tiger Global Management Llc acquired 640,000 shares of Sunrun stock. The shares were bought at an average price of $15.78 per share, for a total transaction of $10,099,200.00.
  • On Wednesday, August 14th, Tiger Global Management Llc acquired 728,798 shares of Sunrun stock. The shares were bought at an average price of $15.52 per share, for a total transaction of $11,310,944.96.
  • On Wednesday, June 26th, Tiger Global Management Llc bought 102,626 shares of Sunrun stock. The stock was bought at an average cost of $18.48 per share, for a total transaction of $1,896,528.48.
  • On Friday, June 28th, Tiger Global Management Llc bought 866,725 shares of Sunrun stock. The stock was bought at an average price of $18.59 per share, with a total value of $16,112,417.75.
  • On Monday, June 24th, Tiger Global Management Llc purchased 259,491 shares of Sunrun stock. The shares were bought at an average cost of $18.69 per share, with a total value of $4,849,886.79.

Shares of NASDAQ:RUN traded up $0.71 during trading on Wednesday, reaching $15.64. 1,534,547 shares of the stock were exchanged, compared to its average volume of 1,433,704. The firm’s 50-day moving average price is $16.58 and its 200 day moving average price is $16.51. The firm has a market cap of $1.76 billion, a price-to-earnings ratio of 68.00, a price-to-earnings-growth ratio of 5.98 and a beta of 0.75. Sunrun Inc has a 12-month low of $8.81 and a 12-month high of $21.42. The company has a debt-to-equity ratio of 1.68, a quick ratio of 0.69 and a current ratio of 0.83.

Sunrun (NASDAQ:RUN) last posted its quarterly earnings results on Wednesday, August 7th. The energy company reported ($0.01) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.17 by ($0.18). The business had revenue of $204.60 million during the quarter, compared to analysts’ expectations of $198.78 million. Sunrun had a negative net margin of 2.84% and a negative return on equity of 1.89%. The company’s quarterly revenue was up 20.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.06 EPS. As a group, equities research analysts forecast that Sunrun Inc will post 0.5 EPS for the current year.

Several institutional investors have recently added to or reduced their stakes in RUN. BSW Wealth Partners acquired a new stake in shares of Sunrun in the second quarter valued at about $114,000. Hershey Trust Co. acquired a new position in Sunrun during the 2nd quarter worth approximately $126,000. Rehmann Capital Advisory Group boosted its holdings in Sunrun by 222.9% in the 1st quarter. Rehmann Capital Advisory Group now owns 12,235 shares of the energy company’s stock worth $172,000 after acquiring an additional 8,446 shares during the period. Commonwealth Equity Services LLC purchased a new position in Sunrun in the 2nd quarter worth approximately $224,000. Finally, Bank of Montreal Can boosted its holdings in Sunrun by 301.5% in the 2nd quarter. Bank of Montreal Can now owns 12,977 shares of the energy company’s stock worth $243,000 after acquiring an additional 9,745 shares during the period. 83.18% of the stock is owned by institutional investors.

A number of brokerages have weighed in on RUN. Zacks Investment Research upgraded shares of Sunrun from a “strong sell” rating to a “hold” rating in a report on Saturday, August 10th. Goldman Sachs Group upgraded Sunrun from a “neutral” rating to a “buy” rating and set a $20.00 price objective for the company in a report on Monday, June 17th. Roth Capital set a $24.00 price objective on Sunrun and gave the stock a “buy” rating in a report on Thursday, May 23rd. KeyCorp started coverage on Sunrun in a research report on Monday, August 19th. They issued an “overweight” rating and a $19.00 target price on the stock. Finally, Barclays initiated coverage on Sunrun in a report on Thursday, May 16th. They issued an “overweight” rating and a $21.00 target price on the stock. Two equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $21.36.

Sunrun Company Profile

Sunrun Inc engages in the design, development, installation, sale, ownership, and maintenance of residential solar energy systems in the United States. It also sells solar energy systems and products, such as panels and racking, as well as solar leads generated to customers. The company markets and sells its products through direct-to-consumer approach across online, retail, mass media, digital media, canvassing, field marketing, and referral channels, as well as its partner network.

Read More: Market Indexes

Insider Buying and Selling by Quarter for Sunrun (NASDAQ:RUN)

Receive News & Ratings for Sunrun Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sunrun and related companies with MarketBeat.com's FREE daily email newsletter.