Sunrun Inc. (NASDAQ:RUN) CFO Danny Abajian Sells 8,909 Shares

Sunrun Inc. (NASDAQ:RUN - Get Free Report) CFO Danny Abajian sold 8,909 shares of the firm's stock in a transaction on Monday, July 7th. The shares were sold at an average price of $10.80, for a total transaction of $96,217.20. Following the sale, the chief financial officer owned 446,797 shares in the company, valued at $4,825,407.60. The trade was a 1.95% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Friday, June 6th, Danny Abajian sold 1,604 shares of Sunrun stock. The shares were sold at an average price of $8.23, for a total transaction of $13,200.92.

Sunrun Price Performance

Shares of NASDAQ:RUN traded up $0.41 on Thursday, reaching $10.92. The company's stock had a trading volume of 9,844,514 shares, compared to its average volume of 13,541,748. Sunrun Inc. has a 52-week low of $5.38 and a 52-week high of $22.26. The company has a market cap of $2.50 billion, a P/E ratio of -0.90 and a beta of 2.60. The company has a 50-day simple moving average of $8.59 and a 200 day simple moving average of $8.21. The company has a debt-to-equity ratio of 3.89, a quick ratio of 0.99 and a current ratio of 1.32.

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, beating the consensus estimate of ($0.22) by $0.42. The company had revenue of $504.27 million for the quarter, compared to the consensus estimate of $487.29 million. Sunrun had a negative net margin of 129.97% and a positive return on equity of 9.42%. The firm's revenue was up 10.1% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.40) EPS. As a group, equities research analysts anticipate that Sunrun Inc. will post -0.43 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Sunrun by 8.6% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 662,211 shares of the energy company's stock valued at $6,125,000 after buying an additional 52,176 shares during the period. KLP Kapitalforvaltning AS purchased a new position in shares of Sunrun during the fourth quarter valued at approximately $402,000. Charles Schwab Investment Management Inc. raised its stake in shares of Sunrun by 7.2% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,325,562 shares of the energy company's stock valued at $21,511,000 after acquiring an additional 155,311 shares in the last quarter. Sowell Financial Services LLC bought a new stake in shares of Sunrun during the first quarter valued at approximately $273,000. Finally, Greenvale Capital LLP raised its stake in shares of Sunrun by 50.3% during the fourth quarter. Greenvale Capital LLP now owns 13,500,000 shares of the energy company's stock valued at $124,875,000 after acquiring an additional 4,516,793 shares in the last quarter. Hedge funds and other institutional investors own 91.69% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on RUN. Royal Bank Of Canada downgraded shares of Sunrun from an "outperform" rating to a "sector perform" rating and decreased their price objective for the company from $12.00 to $5.00 in a research report on Wednesday, June 18th. Truist Financial restated a "hold" rating and set a $6.00 price objective (down from $9.00) on shares of Sunrun in a research report on Wednesday, April 16th. BMO Capital Markets cut shares of Sunrun from a "hold" rating to a "strong sell" rating and cut their target price for the company from $9.00 to $4.00 in a research note on Thursday, May 22nd. Jefferies Financial Group raised shares of Sunrun from an "underperform" rating to a "hold" rating and raised their target price for the company from $5.00 to $11.00 in a research note on Wednesday. Finally, Morgan Stanley reaffirmed an "equal weight" rating and set a $11.00 target price on shares of Sunrun in a research note on Wednesday, April 23rd. Three analysts have rated the stock with a sell rating, ten have issued a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $13.97.

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.