Lynn Michelle Jurich Sells 1,544 Shares of Sunrun Inc. (NASDAQ:RUN) Stock

Sunrun Inc. (NASDAQ:RUN) Director Lynn Michelle Jurich sold 1,544 shares of Sunrun stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of $6.64, for a total transaction of $10,252.16. Following the completion of the transaction, the director now directly owns 946,779 shares of the company’s stock, valued at approximately $6,286,612.56. This trade represents a 0.16 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

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

• On Wednesday, February 19th, Lynn Michelle Jurich sold 50,000 shares of Sunrun stock. The stock was sold at an average price of $9.10, for a total value of $455,000.00.
• 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 transaction of $479,500.00.
• On Thursday, December 19th, Lynn Michelle Jurich sold 50,000 shares of Sunrun stock. The stock was sold at an average price of $9.42, for a total transaction of $471,000.00.

Sunrun Trading Up 4.2 %

NASDAQ RUN traded up $0.29 during mid-day trading on Friday, reaching $7.16. 15,127,162 shares of the stock were exchanged, compared to its average volume of 11,094,926. The stock has a market cap of $1.61 billion, a P/E ratio of -3.93 and a beta of 2.59. The company has a debt-to-equity ratio of 1.92, a current ratio of 1.47 and a quick ratio of 1.15. Sunrun Inc. has a one year low of $5.93 and a one year high of $22.26. The stock has a 50 day simple moving average of $9.01 and a 200-day simple moving average of $12.77.

Analysts Set New Price Targets

RUN has been the topic of several recent analyst reports. Barclays decreased their target price on shares of Sunrun from $18.00 to $15.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 28th. StockNews.com raised shares of Sunrun to a “sell” rating in a research note on Friday, December 20th. JPMorgan Chase & Co. cut their target price on Sunrun from $22.00 to $18.00 and set an “overweight” rating for the company in a research note on Thursday, January 23rd. Piper Sandler lowered Sunrun from an “overweight” rating to a “neutral” rating and decreased their price target for the company from $23.00 to $11.00 in a research note on Friday, November 22nd. Finally, Guggenheim downgraded Sunrun from a “buy” rating to a “neutral” rating in a research report on Thursday, November 7th. Two analysts have rated the stock with a sell rating, six have given a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $17.51.

Institutional Trading of Sunrun

Several hedge funds have recently modified their holdings of the stock. Van ECK Associates Corp grew its stake in shares of Sunrun by 1.8% in the 3rd quarter. Van ECK Associates Corp now owns 50,105 shares of the energy company’s stock valued at $905,000 after buying an additional 886 shares during the period. CIBC Asset Management Inc grew its stake in Sunrun by 5.8% in the fourth quarter. CIBC Asset Management Inc now owns 24,774 shares of the energy company’s stock valued at $229,000 after acquiring an additional 1,360 shares during the period. International Assets Investment Management LLC increased its holdings in shares of Sunrun by 1,706.3% during the third quarter. International Assets Investment Management LLC now owns 1,734 shares of the energy company’s stock valued at $31,000 after acquiring an additional 1,638 shares in the last quarter. Guggenheim Capital LLC lifted its holdings in shares of Sunrun by 6.8% in the 4th quarter. Guggenheim Capital LLC now owns 27,321 shares of the energy company’s stock worth $253,000 after purchasing an additional 1,749 shares in the last quarter. Finally, Drive Wealth Management LLC grew its position in Sunrun by 4.5% in the 3rd quarter. Drive Wealth Management LLC now owns 43,327 shares of the energy company’s stock valued at $782,000 after purchasing an additional 1,884 shares during the period. Institutional investors own 91.69% of the company’s stock.

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.