Sunrun Inc. (NASDAQ:RUN) Shares Sold by Ameriprise Financial Inc.

Ameriprise Financial Inc. trimmed its holdings in shares of Sunrun Inc. (NASDAQ:RUN - Free Report) by 12.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 576,590 shares of the energy company's stock after selling 78,527 shares during the period. Ameriprise Financial Inc. owned about 0.26% of Sunrun worth $5,333,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. SG Americas Securities LLC boosted its holdings in shares of Sunrun by 40.4% in the 4th quarter. SG Americas Securities LLC now owns 74,893 shares of the energy company's stock valued at $693,000 after buying an additional 21,533 shares in the last quarter. Janney Montgomery Scott LLC bought a new stake in shares of Sunrun in the 4th quarter valued at about $118,000. Union Bancaire Privee UBP SA bought a new stake in shares of Sunrun in the 4th quarter valued at about $56,000. Ridgecrest Wealth Partners LLC boosted its stake in Sunrun by 11.0% in the 4th quarter. Ridgecrest Wealth Partners LLC now owns 80,000 shares of the energy company's stock worth $740,000 after purchasing an additional 7,929 shares in the last quarter. Finally, Pacific Capital Wealth Advisors Inc. boosted its stake in Sunrun by 102.9% in the 4th quarter. Pacific Capital Wealth Advisors Inc. now owns 80,732 shares of the energy company's stock worth $747,000 after purchasing an additional 40,942 shares in the last quarter. 91.69% of the stock is currently owned by institutional investors.

Insider Activity

In other news, Director Edward Harris Fenster bought 50,000 shares of the business's stock in a transaction dated Monday, May 12th. The stock was purchased at an average cost of $10.87 per share, with a total value of $543,500.00. Following the acquisition, the director now directly owns 1,408,182 shares in the company, valued at $15,306,938.34. This trade represents a 3.68% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Jeanna Steele sold 9,942 shares of Sunrun stock in a transaction that occurred on Monday, April 7th. The shares were sold at an average price of $6.74, for a total transaction of $67,009.08. Following the transaction, the insider now directly owns 291,238 shares of the company's stock, valued at approximately $1,962,944.12. This trade represents a 3.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 88,540 shares of company stock valued at $595,944 in the last three months. 3.37% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of analysts recently commented on RUN shares. Roth Capital set a $20.00 target price on shares of Sunrun in a research note on Friday, February 28th. Royal Bank of Canada lowered their target price on shares of Sunrun from $14.00 to $12.00 and set an "outperform" rating for the company in a research note on Thursday, May 8th. Truist Financial reiterated a "hold" rating and issued a $6.00 target price (down from $9.00) on shares of Sunrun in a research note on Wednesday, April 16th. Citigroup reiterated a "neutral" rating and issued a $7.00 target price on shares of Sunrun in a research note on Thursday, April 17th. Finally, TD Cowen lowered their target price on shares of Sunrun from $18.00 to $14.00 and set a "buy" rating for the company in a research note on Friday, February 28th. Three analysts have rated the stock with a sell rating, ten have assigned a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, Sunrun presently has an average rating of "Hold" and an average price target of $14.38.

Sunrun Stock Performance

Shares of NASDAQ:RUN traded up $0.10 during trading on Thursday, hitting $6.85. 14,731,417 shares of the stock traded hands, compared to its average volume of 11,726,139. 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 company has a market cap of $1.57 billion, a price-to-earnings ratio of -3.76 and a beta of 2.66. The company has a fifty day moving average price of $7.60 and a two-hundred day moving average price of $8.66. 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 posted its earnings results on Wednesday, May 7th. The energy company reported $0.20 earnings per share for the quarter, beating the consensus estimate of ($0.22) by $0.42. The firm had revenue of $504.27 million during the quarter, compared to analyst estimates of $487.29 million. Sunrun had a negative net margin of 18.80% and a negative return on equity of 5.15%. The business's quarterly revenue was up 10.1% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.40) EPS. As a group, equities analysts predict that Sunrun Inc. will post -0.43 EPS for the current year.

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.