Sunrun Inc. (NASDAQ:RUN) CFO Sells $13,200.92 in Stock

Sunrun Inc. (NASDAQ:RUN - Get Free Report) CFO Danny Abajian sold 1,604 shares of the stock in a transaction that occurred on Friday, June 6th. The stock was sold at an average price of $8.23, for a total value of $13,200.92. Following the sale, the chief financial officer now owns 458,100 shares in the company, valued at approximately $3,770,163. This trade represents a 0.35% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

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

• On Monday, April 7th, Danny Abajian sold 16,927 shares of Sunrun stock. The shares were sold at an average price of $6.74, for a total value of $114,087.98.

Sunrun Price Performance

RUN stock traded down $0.16 during mid-day trading on Wednesday, hitting $8.70. The stock had a trading volume of 14,209,008 shares, compared to its average volume of 12,012,966. The firm has a fifty day simple moving average of $7.92 and a 200 day simple moving average of $8.53. The firm has a market capitalization of $1.99 billion, a P/E ratio of -4.78 and a beta of 2.61. The company has a current ratio of 1.47, a quick ratio of 1.15 and a debt-to-equity ratio of 1.92. Sunrun Inc. has a 52 week low of $5.45 and a 52 week high of $22.26.

Sunrun (NASDAQ:RUN - Get Free Report) last released its earnings results on Wednesday, May 7th. The energy company reported $0.20 earnings per share for the quarter, topping the consensus estimate of ($0.22) by $0.42. The firm had revenue of $504.27 million during the quarter, compared to analysts' expectations of $487.29 million. Sunrun had a negative return on equity of 5.15% and a negative net margin of 18.80%. The company's quarterly revenue was up 10.1% on a year-over-year basis. During the same period in the prior year, the company earned ($0.40) earnings per share. As a group, research analysts forecast that Sunrun Inc. will post -0.43 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on RUN shares. BNP Paribas downgraded shares of Sunrun from a "strong-buy" rating to a "hold" rating in a research report on Thursday, May 22nd. The Goldman Sachs Group boosted their price objective on shares of Sunrun from $12.00 to $15.00 and gave the stock a "buy" rating in a research note on Monday, May 19th. Jefferies Financial Group cut shares of Sunrun from a "hold" rating to an "underperform" rating and reduced their price objective for the stock from $6.00 to $5.00 in a research report on Wednesday. Glj Research upgraded shares of Sunrun from a "strong sell" rating to a "hold" rating and set a $7.78 price target on the stock in a research note on Friday, May 30th. Finally, Truist Financial reiterated a "hold" rating and set a $6.00 target price (down previously from $9.00) on shares of Sunrun in a research note on Wednesday, April 16th. Three investment analysts have rated the stock with a sell rating, ten have given a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $14.06.

Institutional Trading of Sunrun

Institutional investors and hedge funds have recently modified their holdings of the business. Aster Capital Management DIFC Ltd bought a new position in Sunrun in the fourth quarter valued at about $29,000. Newbridge Financial Services Group Inc. grew its holdings in shares of Sunrun by 133.3% during the 4th quarter. Newbridge Financial Services Group Inc. now owns 3,500 shares of the energy company's stock valued at $32,000 after purchasing an additional 2,000 shares during the last quarter. Summit Securities Group LLC acquired a new position in Sunrun during the 4th quarter worth approximately $53,000. Union Bancaire Privee UBP SA bought a new position in Sunrun in the 4th quarter valued at approximately $56,000. Finally, Sterling Capital Management LLC boosted its position in Sunrun by 807.5% in the fourth quarter. Sterling Capital Management LLC now owns 6,888 shares of the energy company's stock valued at $64,000 after buying an additional 6,129 shares in the last quarter. 91.69% of the stock is currently owned by institutional investors.

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.