Sunrun Inc. (NASDAQ:RUN) CFO Danny Abajian Sells 1,604 Shares

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

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 Stock Performance

RUN traded up $1.53 during midday trading on Friday, reaching $10.00. The company had a trading volume of 42,796,049 shares, compared to its average volume of 12,119,051. 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 of $8.04 and a two-hundred day moving average of $8.50. The company has a market cap of $2.28 billion, a P/E ratio of -5.49 and a beta of 2.61. Sunrun Inc. has a 1 year low of $5.45 and a 1 year high of $22.26.

Sunrun (NASDAQ:RUN - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The energy company reported $0.20 EPS for the quarter, topping analysts' consensus estimates of ($0.22) by $0.42. The business 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 business's quarterly revenue was up 10.1% on a year-over-year basis. During the same quarter in the prior year, the business posted ($0.40) earnings per share. As a group, equities research analysts predict that Sunrun Inc. will post -0.43 earnings per share for the current fiscal year.

Institutional Trading of Sunrun

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Janney Montgomery Scott LLC purchased a new stake in shares of Sunrun during the fourth quarter worth about $118,000. Bleakley Financial Group LLC grew its position in shares of Sunrun by 39.3% during the fourth quarter. Bleakley Financial Group LLC now owns 18,915 shares of the energy company's stock worth $175,000 after purchasing an additional 5,332 shares in the last quarter. Empowered Funds LLC grew its position in shares of Sunrun by 23.2% during the fourth quarter. Empowered Funds LLC now owns 13,734 shares of the energy company's stock worth $127,000 after purchasing an additional 2,588 shares in the last quarter. Newbridge Financial Services Group Inc. grew its position in shares of Sunrun by 133.3% during the fourth quarter. Newbridge Financial Services Group Inc. now owns 3,500 shares of the energy company's stock worth $32,000 after purchasing an additional 2,000 shares in the last quarter. Finally, CIBC Asset Management Inc grew its position in shares of Sunrun by 5.8% during the fourth quarter. CIBC Asset Management Inc now owns 24,774 shares of the energy company's stock worth $229,000 after purchasing an additional 1,360 shares in the last quarter. Hedge funds and other institutional investors own 91.69% of the company's stock.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the company. TD Cowen lowered their price target on Sunrun from $18.00 to $14.00 and set a "buy" rating on the stock in a report on Friday, February 28th. UBS Group lowered their price target on Sunrun from $17.00 to $12.00 and set a "buy" rating on the stock in a report on Friday, May 30th. Mizuho set a $13.00 price target on Sunrun and gave the company an "outperform" rating in a report on Monday, June 2nd. Truist Financial reaffirmed a "hold" rating and set a $6.00 price target (down from $9.00) on shares of Sunrun in a report on Wednesday, April 16th. Finally, BNP Paribas Exane downgraded Sunrun from an "outperform" rating to a "neutral" rating and set a $10.00 target price on the stock. in a report on Thursday, May 22nd. Three analysts have rated the stock with a sell rating, ten have assigned a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $14.06.

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.