Paul S. Dickson Sells 8,010 Shares of Sunrun Inc. (NASDAQ:RUN) Stock

Sunrun Inc. (NASDAQ:RUN - Get Free Report) CRO Paul S. Dickson sold 8,010 shares of the business's stock in a transaction that occurred on Monday, July 7th. The shares were sold at an average price of $10.81, for a total value of $86,588.10. Following the completion of the transaction, the executive directly owned 679,044 shares in the company, valued at approximately $7,340,465.64. This trade represents a 1.17% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

Sunrun Stock Performance

Shares of RUN stock traded down $0.76 during trading on Friday, hitting $10.11. The company's stock had a trading volume of 15,610,645 shares, compared to its average volume of 13,581,673. The company has a current ratio of 1.32, a quick ratio of 0.99 and a debt-to-equity ratio of 3.89. The company has a market cap of $2.31 billion, a PE ratio of -0.83 and a beta of 2.60. The business has a fifty day moving average of $8.67 and a 200-day moving average of $8.22. 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 announced 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 during 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% compared to the same quarter last year. During the same period last year, the firm posted ($0.40) EPS. As a group, research analysts anticipate that Sunrun Inc. will post -0.43 earnings per share for the current year.

Institutional Trading of Sunrun

Hedge funds have recently added to or reduced their stakes in the stock. Charles Schwab Investment Management Inc. grew its position in shares of Sunrun by 7.2% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,325,562 shares of the energy company's stock valued at $21,511,000 after acquiring an additional 155,311 shares during the period. Raymond James Financial Inc. purchased a new stake in Sunrun in the fourth quarter worth $867,000. Edgestream Partners L.P. raised its stake in shares of Sunrun by 43.2% in the fourth quarter. Edgestream Partners L.P. now owns 127,370 shares of the energy company's stock valued at $1,178,000 after buying an additional 38,402 shares during the period. OFI Invest Asset Management purchased a new position in shares of Sunrun during the 4th quarter valued at $284,000. Finally, Wealthfront Advisers LLC bought a new position in shares of Sunrun during the 4th quarter worth $307,000. Institutional investors own 91.69% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. BMO Capital Markets lowered shares of Sunrun from a "hold" rating to a "strong sell" rating and dropped their price objective for the company from $9.00 to $4.00 in a report on Thursday, May 22nd. Glj Research downgraded Sunrun from a "hold" rating to a "sell" rating in a research note on Tuesday, June 17th. BNP Paribas upgraded Sunrun from a "hold" rating to a "strong-buy" rating in a report on Monday. UBS Group decreased their price objective on Sunrun from $17.00 to $12.00 and set a "buy" rating for the company in a report on Friday, May 30th. Finally, Susquehanna lowered their target price on Sunrun from $13.00 to $10.00 and set a "positive" rating on the stock in a research report on Monday, April 14th. Three research analysts have rated the stock with a sell rating, ten have assigned a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Sunrun presently has a consensus rating of "Hold" and a consensus target price of $13.97.

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.