Lynn Michelle Jurich Sells 50,000 Shares of Sunrun Inc. (NASDAQ:RUN) Stock

Sunrun Inc. (NASDAQ:RUN) Director Lynn Michelle Jurich sold 50,000 shares of the stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $9.10, for a total value of $455,000.00. Following the completion of the sale, the director now directly owns 941,753 shares of the company’s stock, valued at approximately $8,569,952.30. The trade was a 5.04 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

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

• On Friday, January 17th, Lynn Michelle Jurich sold 50,000 shares of Sunrun stock. The shares were sold at an average price of $9.59, for a total value of $479,500.00.
• On Thursday, December 19th, Lynn Michelle Jurich sold 50,000 shares of Sunrun stock. The shares were sold at an average price of $9.42, for a total value of $471,000.00.

Sunrun Stock Performance

Shares of Sunrun stock opened at $8.42 on Friday. The company has a quick ratio of 1.15, a current ratio of 1.47 and a debt-to-equity ratio of 1.92. The business has a 50 day moving average price of $9.44 and a 200-day moving average price of $13.45. Sunrun Inc. has a 52 week low of $7.87 and a 52 week high of $22.26. The company has a market cap of $1.89 billion, a PE ratio of -4.63 and a beta of 2.59.

Institutional Trading of Sunrun

A number of large investors have recently bought and sold shares of RUN. Creative Planning increased its position in Sunrun by 0.3% in the third quarter. Creative Planning now owns 290,259 shares of the energy company’s stock worth $5,242,000 after buying an additional 784 shares during the last quarter. Bleakley Financial Group LLC increased its position in Sunrun by 22.4% in the third quarter. Bleakley Financial Group LLC now owns 13,583 shares of the energy company’s stock worth $245,000 after buying an additional 2,483 shares during the last quarter. Blue Trust Inc. boosted its holdings in shares of Sunrun by 385.5% in the third quarter. Blue Trust Inc. now owns 1,845 shares of the energy company’s stock worth $33,000 after acquiring an additional 1,465 shares during the period. Sequoia Financial Advisors LLC bought a new position in shares of Sunrun in the third quarter worth $181,000. Finally, Waldron Private Wealth LLC bought a new position in shares of Sunrun in the third quarter worth $135,000. 91.69% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages recently commented on RUN. UBS Group upgraded Sunrun from a “neutral” rating to a “buy” rating and upped their target price for the company from $14.00 to $17.00 in a research report on Friday, January 10th. The Goldman Sachs Group cut their target price on Sunrun from $19.00 to $17.00 and set a “buy” rating on the stock in a research report on Tuesday, December 17th. Truist Financial restated a “hold” rating and set a $12.00 target price (down previously from $18.00) on shares of Sunrun in a research report on Tuesday, November 12th. Guggenheim lowered Sunrun from a “buy” rating to a “neutral” rating in a research report on Thursday, November 7th. Finally, Oppenheimer cut their target price on Sunrun from $22.00 to $20.00 and set an “outperform” rating on the stock in a research report on Friday, November 8th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and fourteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $18.36.

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.