46,513 Shares in Sunrun Inc. (NASDAQ:RUN) Purchased by Sowell Financial Services LLC

Sowell Financial Services LLC acquired a new stake in shares of Sunrun Inc. (NASDAQ:RUN - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 46,513 shares of the energy company's stock, valued at approximately $273,000.

Other institutional investors have also recently made changes to their positions in the company. Aster Capital Management DIFC Ltd bought a new stake in shares of Sunrun during the fourth quarter worth about $29,000. Summit Securities Group LLC bought a new stake in shares of Sunrun during the fourth quarter worth about $53,000. Union Bancaire Privee UBP SA bought a new stake in shares of Sunrun during the fourth quarter worth about $56,000. Sterling Capital Management LLC increased its position in shares of Sunrun by 807.5% during the fourth quarter. Sterling Capital Management LLC now owns 6,888 shares of the energy company's stock worth $64,000 after acquiring an additional 6,129 shares in the last quarter. Finally, Lighthouse Investment Partners LLC bought a new stake in shares of Sunrun during the fourth quarter worth about $92,000. Institutional investors and hedge funds own 91.69% of the company's stock.

Insider Activity

In related news, insider Jeanna Steele sold 9,942 shares of the business's stock in a transaction dated Monday, April 7th. The stock was sold at an average price of $6.74, for a total transaction of $67,009.08. Following the completion of the transaction, the insider now directly owns 291,238 shares in the company, valued at $1,962,944.12. The trade was a 3.30% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CRO Paul S. Dickson sold 19,343 shares of the business's stock in a transaction dated Monday, April 7th. The stock was sold at an average price of $6.74, for a total value of $130,371.82. Following the transaction, the executive now owns 399,729 shares of the company's stock, valued at approximately $2,694,173.46. The trade was a 4.62% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 88,993 shares of company stock worth $612,979. 3.37% of the stock is owned by corporate insiders.

Sunrun Stock Performance

Shares of RUN traded up $0.10 during mid-day trading on Friday, hitting $6.23. The stock had a trading volume of 30,360,284 shares, compared to its average volume of 12,892,400. The firm has a market cap of $1.42 billion, a P/E ratio of -0.51 and a beta of 2.61. The business has a fifty day moving average price of $8.11 and a 200-day moving average price of $8.31. The company has a debt-to-equity ratio of 3.89, a current ratio of 1.32 and a quick ratio of 0.99. Sunrun Inc. has a 52 week low of $5.38 and a 52 week high of $22.26.

Sunrun (NASDAQ:RUN - Get Free Report) last issued its earnings results on Wednesday, May 7th. The energy company reported $0.20 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.22) by $0.42. The firm had revenue of $504.27 million for the quarter, compared to analyst estimates of $487.29 million. Sunrun had a positive return on equity of 9.42% and a negative net margin of 129.97%. The business's revenue was up 10.1% on a year-over-year basis. During the same period in the previous year, the company posted ($0.40) earnings per share. On average, equities research analysts expect that Sunrun Inc. will post -0.43 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. Susquehanna decreased their target price on shares of Sunrun from $13.00 to $10.00 and set a "positive" rating for the company in a research report on Monday, April 14th. Citigroup reiterated a "neutral" rating and issued a $7.00 price objective on shares of Sunrun in a research note on Thursday, April 17th. Royal Bank Of Canada cut shares of Sunrun from an "outperform" rating to a "sector perform" rating and dropped their target price for the stock from $12.00 to $5.00 in a research report on Wednesday. BMO Capital Markets downgraded Sunrun from a "hold" rating to a "strong sell" rating and cut their target price for the stock from $9.00 to $4.00 in a research note on Thursday, May 22nd. Finally, Jefferies Financial Group downgraded Sunrun from a "hold" rating to an "underperform" rating and decreased their price target for the company from $6.00 to $5.00 in a research report on Wednesday, June 11th. Five research analysts have rated the stock with a sell rating, ten have assigned a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, Sunrun has an average rating of "Hold" and a consensus target price of $13.43.

Sunrun 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.