Insider Selling: Sunrun Inc. (NASDAQ:RUN) Director Sells $1,010,000.00 in Stock

by · The Markets Daily

Sunrun Inc. (NASDAQ:RUN – Get Free Report) Director Lynn Michelle Jurich sold 50,000 shares of the business’s stock in a transaction on Thursday, September 19th. The stock was sold at an average price of $20.20, for a total value of $1,010,000.00. Following the sale, the director now owns 1,192,446 shares in the company, valued at $24,087,409.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

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

  • On Friday, September 6th, Lynn Michelle Jurich sold 1,937 shares of Sunrun stock. The stock was sold at an average price of $18.23, for a total value of $35,311.51.
  • On Friday, July 19th, Lynn Michelle Jurich sold 50,000 shares of Sunrun stock. The stock was sold at an average price of $16.93, for a total value of $846,500.00.

Sunrun Stock Performance

Sunrun stock opened at $18.91 on Friday. The stock has a fifty day moving average price of $18.54 and a 200 day moving average price of $14.42. Sunrun Inc. has a 52 week low of $8.43 and a 52 week high of $22.26. The company has a current ratio of 1.66, a quick ratio of 1.31 and a debt-to-equity ratio of 1.84. The firm has a market capitalization of $4.19 billion, a P/E ratio of -2.84 and a beta of 2.59.

Sunrun (NASDAQ:RUN – Get Free Report) last posted its quarterly earnings results on Tuesday, August 6th. The energy company reported $0.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.33) by $0.88. Sunrun had a negative return on equity of 2.41% and a negative net margin of 66.36%. The firm had revenue of $523.87 million during the quarter, compared to the consensus estimate of $516.76 million. During the same quarter in the previous year, the business earned $0.25 earnings per share. The firm’s quarterly revenue was down 11.2% compared to the same quarter last year. Equities research analysts anticipate that Sunrun Inc. will post -0.16 earnings per share for the current year.

Institutional Investors Weigh In On Sunrun

A number of institutional investors have recently added to or reduced their stakes in the company. Healthcare of Ontario Pension Plan Trust Fund grew its position in Sunrun by 4.1% during the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 582,217 shares of the energy company’s stock valued at $6,905,000 after acquiring an additional 22,779 shares during the period. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Sunrun in the second quarter worth about $104,000. Sanctuary Advisors LLC purchased a new stake in shares of Sunrun in the second quarter worth about $2,174,000. Cetera Investment Advisers boosted its position in shares of Sunrun by 5.1% in the second quarter. Cetera Investment Advisers now owns 100,017 shares of the energy company’s stock worth $1,186,000 after buying an additional 4,840 shares during the period. Finally, Granite Bay Wealth Management LLC purchased a new stake in shares of Sunrun in the second quarter worth about $525,000. Hedge funds and other institutional investors own 91.69% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have commented on RUN shares. Deutsche Bank Aktiengesellschaft boosted their target price on Sunrun from $12.00 to $16.50 and gave the stock a “hold” rating in a research report on Thursday, August 8th. Piper Sandler boosted their target price on Sunrun from $20.00 to $23.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 7th. Barclays boosted their price target on Sunrun from $16.00 to $19.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 23rd. JPMorgan Chase & Co. boosted their price target on Sunrun from $19.00 to $22.00 and gave the stock an “overweight” rating in a report on Wednesday, August 7th. Finally, Morgan Stanley boosted their price target on Sunrun from $31.00 to $35.00 and gave the stock an “overweight” rating in a report on Wednesday, August 21st. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $22.33.

Check Out Our Latest Stock Report on Sunrun

About Sunrun

(Get Free Report)

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.

Read More