Sunrun Inc. (NASDAQ:RUN) CFO Sells $58,834.44 in Stock

Sunrun Inc. (NASDAQ:RUN) CFO Danny Abajian sold 4,662 shares of Sunrun stock in a transaction dated Monday, July 8th. The shares were sold at an average price of $12.62, for a total transaction of $58,834.44. Following the completion of the sale, the chief financial officer now owns 283,098 shares in the company, valued at approximately $3,572,696.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Danny Abajian also recently made the following trade(s):

• On Thursday, June 6th, Danny Abajian sold 2,092 shares of Sunrun stock. The stock was sold at an average price of $14.43, for a total transaction of $30,187.56.

Sunrun Stock Performance

RUN stock traded up $0.56 during trading hours on Tuesday, reaching $13.21. The stock had a trading volume of 10,234,919 shares, compared to its average volume of 13,265,146. The stock has a market capitalization of $2.93 billion, a PE ratio of -1.98 and a beta of 2.61. The company has a debt-to-equity ratio of 1.84, a current ratio of 1.31 and a quick ratio of 0.99. The stock has a 50-day simple moving average of $12.74 and a 200 day simple moving average of $13.27. Sunrun Inc. has a fifty-two week low of $8.43 and a fifty-two week high of $23.85.

Sunrun (NASDAQ:RUN) last posted its earnings results on Wednesday, May 8th. The energy company reported ($0.40) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.49) by $0.09. Sunrun had a negative net margin of 68.22% and a negative return on equity of 3.58%. The company had revenue of $458.20 million during the quarter, compared to analysts’ expectations of $471.38 million. During the same quarter last year, the company posted ($1.12) EPS. Sunrun’s quarterly revenue was down 22.3% compared to the same quarter last year. Analysts predict that Sunrun Inc. will post -1.27 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

RUN has been the topic of a number of recent research reports. Jefferies Financial Group lowered their price target on shares of Sunrun from $32.00 to $26.00 and set a “buy” rating on the stock in a research report on Thursday, May 9th. Mizuho decreased their target price on shares of Sunrun from $28.00 to $23.00 and set a “buy” rating on the stock in a report on Friday, April 19th. Susquehanna reduced their price target on shares of Sunrun from $25.00 to $23.00 and set a “positive” rating on the stock in a research note on Thursday, May 9th. Royal Bank of Canada reduced their price target on shares of Sunrun from $17.00 to $15.00 and set an “outperform” rating on the stock in a research note on Friday, March 15th. Finally, Morgan Stanley boosted their price target on shares of Sunrun from $24.00 to $29.00 and gave the company an “overweight” rating in a research note on Friday, June 14th. Seven analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $21.47.

Hedge Funds Weigh In On Sunrun

A number of hedge funds have recently bought and sold shares of RUN. Vanguard Group Inc. increased its stake in Sunrun by 14.0% during the 1st quarter. Vanguard Group Inc. now owns 22,325,106 shares of the energy company’s stock valued at $294,245,000 after purchasing an additional 2,743,148 shares in the last quarter. Greenvale Capital LLP increased its position in shares of Sunrun by 15.3% in the fourth quarter. Greenvale Capital LLP now owns 8,300,000 shares of the energy company’s stock worth $162,929,000 after purchasing an additional 1,100,000 shares during the last quarter. Robeco Schweiz AG grew its position in Sunrun by 23.5% during the first quarter. Robeco Schweiz AG now owns 4,611,300 shares of the energy company’s stock valued at $60,777,000 after acquiring an additional 876,000 shares during the last quarter. Dimensional Fund Advisors LP grew its position in Sunrun by 6.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,781,951 shares of the energy company’s stock valued at $54,617,000 after acquiring an additional 179,688 shares during the last quarter. Finally, Deutsche Bank AG boosted its stake in shares of Sunrun by 112.9% during the third quarter. Deutsche Bank AG now owns 2,226,821 shares of the energy company’s stock valued at $27,969,000 after purchasing an additional 1,180,823 shares during the period. 91.69% of the stock is owned by institutional investors.

About Sunrun

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.