Insider Selling: Sunrun (NASDAQ:RUN) Director Sells $703,828.76 in Stock

Sunrun Inc. (NASDAQ:RUN) Director Lynn Michelle Jurich sold 55,507 shares of the company’s stock in a transaction dated Monday, March 2nd. The shares were sold at an average price of $12.68, for a total transaction of $703,828.76. Following the completion of the transaction, the director owned 608,397 shares in the company, valued at $7,714,473.96. This trade represents a 8.36% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

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

• On Monday, February 2nd, Lynn Michelle Jurich sold 50,000 shares of Sunrun stock. The stock was sold at an average price of $18.59, for a total transaction of $929,500.00.
• On Friday, January 2nd, Lynn Michelle Jurich sold 50,000 shares of Sunrun stock. The shares were sold at an average price of $19.28, for a total transaction of $964,000.00.
• On Monday, December 8th, Lynn Michelle Jurich sold 451 shares of Sunrun stock. The stock was sold at an average price of $17.79, for a total transaction of $8,023.29.

Sunrun Stock Down 3.1%

NASDAQ RUN opened at $11.79 on Friday. The company has a current ratio of 1.66, a quick ratio of 1.27 and a debt-to-equity ratio of 3.38. The company has a market cap of $2.76 billion, a price-to-earnings ratio of 6.89 and a beta of 2.43. The company has a 50 day moving average of $18.49 and a 200-day moving average of $18.31. Sunrun Inc. has a 1-year low of $5.38 and a 1-year high of $22.44.

Sunrun (NASDAQ:RUN) last posted its quarterly earnings data on Thursday, February 26th. The energy company reported $0.38 EPS for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.46. The firm had revenue of $1.16 billion for the quarter, compared to analyst estimates of $610.29 million. Sunrun had a return on equity of 11.72% and a net margin of 15.22%.The company’s revenue was up 123.5% on a year-over-year basis. During the same quarter last year, the company earned $1.41 EPS. On average, equities research analysts expect that Sunrun Inc. will post -0.43 earnings per share for the current fiscal year.

Analysts Set New Price Targets

RUN has been the topic of a number of analyst reports. Raymond James Financial initiated coverage on shares of Sunrun in a research note on Monday, January 12th. They set a “market perform” rating on the stock. The Goldman Sachs Group increased their price target on shares of Sunrun from $21.00 to $24.00 and gave the stock a “buy” rating in a research report on Monday. Jefferies Financial Group cut shares of Sunrun from a “buy” rating to a “hold” rating and set a $22.00 price objective on the stock. in a research note on Friday, February 27th. Deutsche Bank Aktiengesellschaft set a $19.00 target price on Sunrun in a research note on Wednesday, January 7th. Finally, Zacks Research upgraded Sunrun from a “hold” rating to a “strong-buy” rating in a research note on Thursday, February 26th. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $19.84.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Farther Finance Advisors LLC grew its position in Sunrun by 156.9% during the 4th quarter. Farther Finance Advisors LLC now owns 1,449 shares of the energy company’s stock worth $27,000 after acquiring an additional 885 shares during the last quarter. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Sunrun during the fourth quarter valued at about $27,000. Sycomore Asset Management bought a new stake in shares of Sunrun during the third quarter worth about $28,000. Hantz Financial Services Inc. grew its holdings in shares of Sunrun by 59.1% during the fourth quarter. Hantz Financial Services Inc. now owns 1,519 shares of the energy company’s stock worth $28,000 after purchasing an additional 564 shares during the last quarter. Finally, Kestra Advisory Services LLC acquired a new position in shares of Sunrun in the fourth quarter valued at approximately $30,000. 91.69% of the stock is currently owned by institutional investors.

Sunrun Company Profile

Sunrun, Inc (NASDAQ: RUN) is a leading provider of residential solar energy systems in the United States. The company designs, installs and maintains rooftop solar panels and battery storage solutions for homeowners under flexible financing arrangements. Customers can choose from leasing, power purchase agreements or solar ownership models, all of which are supported by Sunrun’s network of installation partners and service technicians. Sunrun also offers integrated home energy management services, including its Brightbox battery storage product, which enables customers to store solar energy for use during peak hours or power outages.

Founded in 2007 by Lynn Jurich, Ed Fenster and Nat Kreamer, Sunrun is headquartered in San Francisco, California.