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

Sunrun Inc. (NASDAQ:RUN) Director Lynn Michelle Jurich sold 50,000 shares of the business’s stock in a transaction on Wednesday, October 1st. The shares were sold at an average price of $19.31, for a total transaction of $965,500.00. Following the transaction, the director directly owned 850,482 shares of the company’s stock, valued at approximately $16,422,807.42. This trade represents a 5.55% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

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

• On Monday, September 8th, Lynn Michelle Jurich sold 50,000 shares of Sunrun stock. The shares were sold at an average price of $17.44, for a total transaction of $872,000.00.
• On Monday, September 8th, Lynn Michelle Jurich sold 490 shares of Sunrun stock. The shares were sold at an average price of $16.92, for a total transaction of $8,290.80.

Sunrun Stock Performance

Shares of RUN opened at $19.11 on Friday. Sunrun Inc. has a 1 year low of $5.38 and a 1 year high of $20.02. The company has a market cap of $4.41 billion, a price-to-earnings ratio of -1.65 and a beta of 2.41. The company has a debt-to-equity ratio of 3.70, a quick ratio of 1.02 and a current ratio of 1.41. The firm has a fifty day moving average of $14.86 and a 200-day moving average of $10.45.

Sunrun (NASDAQ:RUN) last announced its quarterly earnings results on Wednesday, August 6th. The energy company reported $1.07 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.18) by $1.25. Sunrun had a negative net margin of 120.59% and a positive return on equity of 14.19%. The company had revenue of $569.34 million during the quarter, compared to the consensus estimate of $555.42 million. During the same quarter in the previous year, the company posted $0.55 earnings per share. The company’s revenue for the quarter was up 8.7% compared to the same quarter last year. As a group, equities analysts anticipate that Sunrun Inc. will post -0.43 earnings per share for the current year.

Institutional Investors Weigh In On Sunrun

Several hedge funds and other institutional investors have recently bought and sold shares of the business. GAMMA Investing LLC grew its position in shares of Sunrun by 3.5% during the 3rd quarter. GAMMA Investing LLC now owns 17,971 shares of the energy company’s stock worth $311,000 after buying an additional 607 shares during the period. Osaic Holdings Inc. grew its position in shares of Sunrun by 6.3% during the 2nd quarter. Osaic Holdings Inc. now owns 22,386 shares of the energy company’s stock worth $183,000 after buying an additional 1,332 shares during the period. IQ EQ FUND MANAGEMENT IRELAND Ltd grew its position in shares of Sunrun by 12.0% during the 2nd quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 13,497 shares of the energy company’s stock worth $110,000 after buying an additional 1,442 shares during the period. CANADA LIFE ASSURANCE Co lifted its holdings in shares of Sunrun by 0.6% during the 2nd quarter. CANADA LIFE ASSURANCE Co now owns 268,167 shares of the energy company’s stock valued at $2,195,000 after purchasing an additional 1,586 shares in the last quarter. Finally, Alterna Wealth Management Inc. lifted its holdings in shares of Sunrun by 16.6% during the 1st quarter. Alterna Wealth Management Inc. now owns 12,075 shares of the energy company’s stock valued at $71,000 after purchasing an additional 1,720 shares in the last quarter. 91.69% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

RUN has been the subject of several analyst reports. Susquehanna boosted their price target on shares of Sunrun from $12.00 to $13.00 and gave the company a “positive” rating in a report on Thursday, August 7th. The Goldman Sachs Group upped their price objective on shares of Sunrun from $15.00 to $19.00 and gave the stock a “buy” rating in a report on Thursday, September 11th. Jefferies Financial Group raised shares of Sunrun from a “hold” rating to a “buy” rating and upped their price objective for the stock from $11.00 to $21.00 in a report on Wednesday. BNP Paribas Exane raised shares of Sunrun from a “neutral” rating to an “outperform” rating and set a $21.00 price objective for the company in a report on Monday, July 7th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Sunrun from $20.00 to $23.00 and gave the stock an “overweight” rating in a report on Friday, September 19th. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, nine have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $15.60.

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.