Sunrun Inc. (NASDAQ:RUN) CRO Paul S. Dickson Sells 2,447 Shares

Sunrun Inc. (NASDAQ:RUN - Get Free Report) CRO Paul S. Dickson sold 2,447 shares of the firm's stock in a transaction on Friday, June 6th. The shares were sold at an average price of $8.23, for a total transaction of $20,138.81. Following the transaction, the executive now directly owns 687,054 shares of the company's stock, valued at $5,654,454.42. The trade was a 0.35% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

Sunrun Stock Performance

Shares of NASDAQ RUN traded up $0.04 during mid-day trading on Friday, reaching $8.51. 7,287,565 shares of the company's stock were exchanged, compared to its average volume of 11,971,790. The firm has a market capitalization of $1.94 billion, a price-to-earnings ratio of -4.69 and a beta of 2.61. The firm has a 50-day moving average price of $7.96 and a two-hundred day moving average price of $8.51. The company has a debt-to-equity ratio of 1.92, a current ratio of 1.47 and a quick ratio of 1.15. 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 released its earnings results on Wednesday, May 7th. The energy company reported $0.20 earnings per share for the quarter, beating analysts' consensus estimates of ($0.22) by $0.42. Sunrun had a negative net margin of 18.80% and a negative return on equity of 5.15%. The firm had revenue of $504.27 million for the quarter, compared to analysts' expectations of $487.29 million. During the same period in the previous year, the company earned ($0.40) earnings per share. The company's quarterly revenue was up 10.1% on a year-over-year basis. Analysts predict that Sunrun Inc. will post -0.43 EPS for the current year.

Hedge Funds Weigh In On Sunrun

Institutional investors have recently added to or reduced their stakes in the business. Aster Capital Management DIFC Ltd bought a new stake in Sunrun during the fourth quarter valued at approximately $29,000. Newbridge Financial Services Group Inc. raised its position in Sunrun by 133.3% during the fourth quarter. Newbridge Financial Services Group Inc. now owns 3,500 shares of the energy company's stock valued at $32,000 after purchasing an additional 2,000 shares in the last quarter. Summit Securities Group LLC bought a new stake in Sunrun during the fourth quarter worth about $53,000. Union Bancaire Privee UBP SA bought a new stake in Sunrun in the fourth quarter worth $56,000. Finally, Apollon Wealth Management LLC bought a new stake in Sunrun in the first quarter valued at approximately $60,000. 91.69% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have issued reports on the company. Susquehanna dropped their price target on Sunrun from $13.00 to $10.00 and set a "positive" rating on the stock in a research note on Monday, April 14th. Roth Capital set a $20.00 target price on shares of Sunrun in a research note on Friday, February 28th. BNP Paribas Exane downgraded shares of Sunrun from an "outperform" rating to a "neutral" rating and set a $10.00 price target for the company. in a research note on Thursday, May 22nd. Wall Street Zen lowered shares of Sunrun from a "hold" rating to a "sell" rating in a report on Friday, June 6th. Finally, Truist Financial reaffirmed a "hold" rating and set a $6.00 price target (down from $9.00) on shares of Sunrun in a research note on Wednesday, April 16th. Three research analysts have rated the stock with a sell rating, ten have given a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $14.06.

About Sunrun

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.