Diversify Wealth Management LLC Raises Stake in Sunrun Inc. (NASDAQ:RUN)

Diversify Wealth Management LLC increased its stake in Sunrun Inc. (NASDAQ:RUN - Free Report) by 15.7% during the first quarter, according to its most recent filing with the SEC. The fund owned 280,500 shares of the energy company's stock after buying an additional 38,115 shares during the quarter. Diversify Wealth Management LLC owned 0.12% of Sunrun worth $1,644,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Xponance Inc. lifted its holdings in Sunrun by 23.5% during the first quarter. Xponance Inc. now owns 20,089 shares of the energy company's stock valued at $118,000 after purchasing an additional 3,824 shares during the last quarter. Alps Advisors Inc. lifted its holdings in Sunrun by 3.0% during the first quarter. Alps Advisors Inc. now owns 346,557 shares of the energy company's stock valued at $2,031,000 after purchasing an additional 9,938 shares during the last quarter. DekaBank Deutsche Girozentrale lifted its holdings in Sunrun by 8.5% during the first quarter. DekaBank Deutsche Girozentrale now owns 35,399 shares of the energy company's stock valued at $209,000 after purchasing an additional 2,778 shares during the last quarter. 49 Wealth Management LLC lifted its holdings in Sunrun by 21.1% during the first quarter. 49 Wealth Management LLC now owns 14,759 shares of the energy company's stock valued at $86,000 after purchasing an additional 2,567 shares during the last quarter. Finally, U.S. Capital Wealth Advisors LLC purchased a new stake in Sunrun during the first quarter valued at about $88,000. 91.69% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, CRO Paul S. Dickson sold 8,010 shares of the stock in a transaction that occurred on Monday, July 7th. The stock was sold at an average price of $10.81, for a total transaction of $86,588.10. Following the completion of the sale, the executive owned 679,044 shares of the company's stock, valued at approximately $7,340,465.64. This represents a 1.17% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Edward Harris Fenster acquired 50,000 shares of the company's stock in a transaction dated Monday, May 12th. The shares were bought at an average cost of $10.87 per share, with a total value of $543,500.00. Following the purchase, the director owned 1,408,182 shares of the company's stock, valued at approximately $15,306,938.34. This trade represents a 3.68% increase in their position. The disclosure for this purchase can be found here. In the last 90 days, insiders have sold 41,939 shares of company stock valued at $430,264. Corporate insiders own 3.37% of the company's stock.

Analyst Ratings Changes

RUN has been the topic of several analyst reports. Glj Research cut Sunrun from a "hold" rating to a "sell" rating in a research report on Tuesday, June 17th. BMO Capital Markets cut Sunrun from a "hold" rating to a "strong sell" rating and decreased their price target for the company from $9.00 to $4.00 in a research report on Thursday, May 22nd. Wells Fargo & Company decreased their price target on Sunrun from $10.00 to $8.00 and set an "overweight" rating on the stock in a research report on Wednesday, June 25th. Susquehanna decreased their price target on Sunrun from $13.00 to $10.00 and set a "positive" rating on the stock in a research report on Monday, April 14th. Finally, Citigroup reiterated a "neutral" rating and set a $7.00 price target on shares of Sunrun in a research report on Thursday, April 17th. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Sunrun currently has an average rating of "Hold" and an average target price of $13.97.

Sunrun Stock Down 7.0%

Shares of NASDAQ RUN opened at $10.11 on Friday. Sunrun Inc. has a one year low of $5.38 and a one year high of $22.26. The company has a debt-to-equity ratio of 3.89, a current ratio of 1.32 and a quick ratio of 0.99. The firm's 50 day simple moving average is $8.72 and its two-hundred day simple moving average is $8.22. The stock has a market capitalization of $2.31 billion, a P/E ratio of -0.83 and a beta of 2.60.

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 analysts' consensus estimates of ($0.22) by $0.42. The business had revenue of $504.27 million for the quarter, compared to analysts' expectations of $487.29 million. Sunrun had a negative net margin of 129.97% and a positive return on equity of 9.42%. The business's quarterly revenue was up 10.1% on a year-over-year basis. During the same period last year, the business earned ($0.40) earnings per share. As a group, analysts expect that Sunrun Inc. will post -0.43 EPS for the current fiscal 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.

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