Sunrun Inc. (NASDAQ:RUN) CRO Sells $48,650.10 in Stock

Sunrun Inc. (NASDAQ:RUN) CRO Paul S. Dickson sold 3,855 shares of the company’s stock in a transaction dated Monday, July 8th. The shares were sold at an average price of $12.62, for a total transaction of $48,650.10. Following the sale, the executive now directly owns 443,329 shares of the company’s stock, valued at approximately $5,594,811.98. The sale was disclosed in a filing with the SEC, which is available at this link.

Sunrun Price Performance

Sunrun stock opened at $16.07 on Friday. The firm has a market cap of $3.56 billion, a PE ratio of -2.41 and a beta of 2.61. Sunrun Inc. has a 52-week low of $8.43 and a 52-week high of $23.85. The company has a quick ratio of 0.99, a current ratio of 1.31 and a debt-to-equity ratio of 1.84. The company’s 50 day moving average is $12.92 and its two-hundred day moving average is $13.29.

Sunrun (NASDAQ:RUN) last released 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. The company had revenue of $458.20 million for the quarter, compared to analyst estimates of $471.38 million. Sunrun had a negative net margin of 68.22% and a negative return on equity of 3.58%. The firm’s quarterly revenue was down 22.3% on a year-over-year basis. During the same period in the prior year, the business earned ($1.12) EPS. On average, research analysts expect that Sunrun Inc. will post -1.27 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages recently issued reports on RUN. Mizuho dropped their price objective on shares of Sunrun from $28.00 to $23.00 and set a “buy” rating for the company in a research note on Friday, April 19th. Susquehanna dropped their price objective on shares of Sunrun from $25.00 to $23.00 and set a “positive” rating for the company in a research note on Thursday, May 9th. Jefferies Financial Group dropped their price target on shares of Sunrun from $32.00 to $26.00 and set a “buy” rating for the company in a research note on Thursday, May 9th. Royal Bank of Canada dropped their price target on shares of Sunrun from $17.00 to $15.00 and set an “outperform” rating for the company in a research note on Friday, March 15th. Finally, Morgan Stanley increased 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 investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat, Sunrun has an average rating of “Moderate Buy” and an average target price of $21.47.

Institutional Investors Weigh In On Sunrun

A number of hedge funds have recently added to or reduced their stakes in the business. Fifth Third Bancorp increased its position in shares of Sunrun by 76.9% in the 4th quarter. Fifth Third Bancorp now owns 1,758 shares of the energy company’s stock valued at $35,000 after purchasing an additional 764 shares during the last quarter. Versant Capital Management Inc increased its position in shares of Sunrun by 149.7% in the 4th quarter. Versant Capital Management Inc now owns 1,880 shares of the energy company’s stock valued at $37,000 after purchasing an additional 1,127 shares during the last quarter. USCF Advisers LLC increased its position in shares of Sunrun by 130.0% in the 4th quarter. USCF Advisers LLC now owns 2,300 shares of the energy company’s stock valued at $45,000 after purchasing an additional 1,300 shares during the last quarter. BNP Paribas purchased a new stake in shares of Sunrun in the 1st quarter valued at approximately $37,000. Finally, Parallel Advisors LLC grew its position in shares of Sunrun by 91.4% in the 4th quarter. Parallel Advisors LLC now owns 3,168 shares of the energy company’s stock valued at $62,000 after buying an additional 1,513 shares during the last quarter. 91.69% of the stock is currently owned by institutional investors and hedge funds.

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.