Sunrun Inc. (NASDAQ:RUN) Shares Purchased by Sylebra Capital LLC

Sylebra Capital LLC boosted its stake in shares of Sunrun Inc. (NASDAQ:RUN - Free Report) by 124.0% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 6,683,162 shares of the energy company's stock after purchasing an additional 3,699,405 shares during the period. Sunrun accounts for about 2.3% of Sylebra Capital LLC's investment portfolio, making the stock its 11th biggest holding. Sylebra Capital LLC owned 2.98% of Sunrun worth $61,819,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the stock. Aster Capital Management DIFC Ltd bought a new stake in Sunrun in the fourth quarter valued at approximately $29,000. Newbridge Financial Services Group Inc. raised its stake in Sunrun by 133.3% in the fourth quarter. Newbridge Financial Services Group Inc. now owns 3,500 shares of the energy company's stock valued at $32,000 after buying an additional 2,000 shares during the period. Summit Securities Group LLC bought a new stake in Sunrun in the fourth quarter valued at approximately $53,000. Union Bancaire Privee UBP SA bought a new stake in Sunrun in the fourth quarter valued at approximately $56,000. Finally, Sterling Capital Management LLC raised its stake in Sunrun by 807.5% in the fourth quarter. Sterling Capital Management LLC now owns 6,888 shares of the energy company's stock valued at $64,000 after buying an additional 6,129 shares during the period. 91.69% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

RUN has been the topic of a number of recent research reports. Citigroup reiterated a "neutral" rating and set a $7.00 target price on shares of Sunrun in a research note on Thursday, April 17th. BNP Paribas lowered Sunrun from a "strong-buy" rating to a "hold" rating in a research note on Thursday, May 22nd. Glj Research upgraded Sunrun from a "strong sell" rating to a "hold" rating and set a $7.78 target price on the stock in a research note on Friday. Wall Street Zen upgraded Sunrun to a "sell" rating in a research note on Thursday, May 8th. Finally, Morgan Stanley reiterated an "equal weight" rating and set a $11.00 target price on shares of Sunrun in a research note on Wednesday, April 23rd. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat.com, Sunrun currently has a consensus rating of "Hold" and an average target price of $14.15.

Sunrun Trading Up 7.2%

RUN traded up $0.49 during midday trading on Friday, hitting $7.34. 25,367,211 shares of the company were exchanged, compared to its average volume of 11,764,472. The firm has a market capitalization of $1.68 billion, a P/E ratio of -4.03 and a beta of 2.66. Sunrun Inc. has a 1-year low of $5.45 and a 1-year high of $22.26. The firm's 50 day moving average price is $7.61 and its 200-day moving average price is $8.64. The company has a quick ratio of 1.15, a current ratio of 1.47 and a debt-to-equity ratio of 1.92.

Sunrun (NASDAQ:RUN - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The energy company reported $0.20 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.22) by $0.42. Sunrun had a negative return on equity of 5.15% and a negative net margin of 18.80%. The company had revenue of $504.27 million for the quarter, compared to the consensus estimate of $487.29 million. During the same period in the previous year, the business earned ($0.40) EPS. The firm's revenue was up 10.1% compared to the same quarter last year. As a group, equities analysts forecast that Sunrun Inc. will post -0.43 EPS for the current fiscal year.

Insider Transactions at Sunrun

In related news, Director Edward Harris Fenster acquired 150,000 shares of the stock in a transaction on Monday, March 3rd. The stock was acquired at an average cost of $6.80 per share, for a total transaction of $1,020,000.00. Following the completion of the acquisition, the director now directly owns 1,358,182 shares of the company's stock, valued at approximately $9,235,637.60. This represents a 12.42% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CRO Paul S. Dickson sold 19,343 shares of the firm's 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 $130,371.82. Following the transaction, the executive now directly owns 399,729 shares of the company's stock, valued at $2,694,173.46. This represents a 4.62% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 88,540 shares of company stock worth $595,944 in the last 90 days. Insiders own 3.37% of the company's stock.

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.