Diversify Wealth Management LLC Grows Stock Position in Sunrun Inc. (NASDAQ:RUN)

Diversify Wealth Management LLC increased its stake in shares of Sunrun Inc. (NASDAQ:RUN - Free Report) by 15.7% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 280,500 shares of the energy company's stock after purchasing an additional 38,115 shares during the quarter. Diversify Wealth Management LLC owned approximately 0.12% of Sunrun worth $1,644,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Sunrun by 8.6% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 662,211 shares of the energy company's stock worth $6,125,000 after purchasing an additional 52,176 shares during the last quarter. KLP Kapitalforvaltning AS purchased a new stake in Sunrun in the fourth quarter valued at about $402,000. Charles Schwab Investment Management Inc. raised its stake in Sunrun by 7.2% in 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 buying an additional 155,311 shares during the last quarter. Sowell Financial Services LLC purchased a new stake in Sunrun in the first quarter valued at about $273,000. Finally, Greenvale Capital LLP raised its stake in Sunrun by 50.3% in the fourth quarter. Greenvale Capital LLP now owns 13,500,000 shares of the energy company's stock valued at $124,875,000 after buying an additional 4,516,793 shares during the last quarter. 91.69% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on RUN shares. Truist Financial reiterated a "hold" rating and issued a $6.00 price target (down from $9.00) on shares of Sunrun in a research note on Wednesday, April 16th. Jefferies Financial Group upgraded Sunrun from an "underperform" rating to a "hold" rating and increased their price target for the company from $5.00 to $11.00 in a research note on Wednesday. Wall Street Zen upgraded Sunrun from a "sell" rating to a "hold" rating in a research note on Saturday. The Goldman Sachs Group increased their price target on Sunrun from $12.00 to $15.00 and gave the company a "buy" rating in a research note on Monday, May 19th. Finally, BNP Paribas Exane upgraded Sunrun from a "neutral" rating to an "outperform" rating and set a $21.00 price target for the company in a research note on Monday, July 7th. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $13.97.

Insider Buying and Selling

In other Sunrun news, insider Jeanna Steele sold 3,668 shares of the firm's stock in a transaction that occurred on Monday, July 7th. The stock was sold at an average price of $10.80, for a total value of $39,614.40. Following the sale, the insider directly owned 439,620 shares of the company's stock, valued at approximately $4,747,896. This trade represents a 0.83% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Danny Abajian sold 8,909 shares of the firm's stock in a transaction that occurred on Monday, July 7th. The shares were sold at an average price of $10.80, for a total value of $96,217.20. Following the completion of the sale, the chief financial officer directly owned 446,797 shares in the company, valued at approximately $4,825,407.60. The trade was a 1.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 41,939 shares of company stock valued at $430,264 in the last 90 days. Corporate insiders own 3.37% of the company's stock.

Sunrun Stock Performance

Sunrun stock traded down $0.76 during midday trading on Friday, hitting $10.11. 15,610,645 shares of the company were exchanged, compared to its average volume of 13,541,119. The firm has a market capitalization of $2.31 billion, a PE ratio of -0.83 and a beta of 2.60. Sunrun Inc. has a fifty-two week low of $5.38 and a fifty-two week high of $22.26. The business has a fifty day simple moving average of $8.72 and a two-hundred day simple moving average of $8.22. 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 data on Wednesday, May 7th. The energy company reported $0.20 EPS for the quarter, beating the consensus estimate of ($0.22) by $0.42. Sunrun had a positive return on equity of 9.42% and a negative net margin of 129.97%. The company had revenue of $504.27 million for the quarter, compared to analyst estimates of $487.29 million. During the same period last year, the company earned ($0.40) earnings per share. Sunrun's quarterly revenue was up 10.1% compared to the same quarter last year. On average, sell-side analysts forecast that Sunrun Inc. will post -0.43 earnings per share 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.