Sunrun Inc. (NASDAQ:RUN - Get Free Report) insider Jeanna Steele sold 1,359 shares of the company's stock in a transaction dated Friday, June 6th. The shares were sold at an average price of $8.23, for a total value of $11,184.57. Following the completion of the sale, the insider now owns 443,288 shares in the company, valued at $3,648,260.24. This trade represents a 0.31% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
Jeanna Steele also recently made the following trade(s):
- On Monday, April 7th, Jeanna Steele sold 9,942 shares of Sunrun stock. The stock was sold at an average price of $6.74, for a total transaction of $67,009.08.
Sunrun Stock Performance
Shares of Sunrun stock traded down $0.16 during mid-day trading on Wednesday, hitting $8.70. 14,209,008 shares of the stock were exchanged, compared to its average volume of 12,012,966. Sunrun Inc. has a 12 month low of $5.45 and a 12 month high of $22.26. The company has a 50-day simple moving average of $7.92 and a 200 day simple moving average of $8.53. The company has a market capitalization of $1.99 billion, a P/E ratio of -4.78 and a beta of 2.61. The company has a debt-to-equity ratio of 1.92, a quick ratio of 1.15 and a current ratio of 1.47.
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. The firm had revenue of $504.27 million during the quarter, compared to the consensus estimate of $487.29 million. Sunrun had a negative return on equity of 5.15% and a negative net margin of 18.80%. The business's revenue for the quarter was up 10.1% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.40) EPS. Sell-side analysts anticipate that Sunrun Inc. will post -0.43 earnings per share for the current fiscal year.
Analyst Ratings Changes
A number of research analysts have recently issued reports on the company. BNP Paribas Exane downgraded Sunrun from an "outperform" rating to a "neutral" rating and set a $10.00 price objective on the stock. in a research note on Thursday, May 22nd. TD Cowen dropped their price target on Sunrun from $18.00 to $14.00 and set a "buy" rating on the stock in a research note on Friday, February 28th. The Goldman Sachs Group increased their price target on Sunrun from $12.00 to $15.00 and gave the stock a "buy" rating in a report on Monday, May 19th. Morgan Stanley reissued an "equal weight" rating and set a $11.00 target price on shares of Sunrun in a research note on Wednesday, April 23rd. Finally, Mizuho set a $13.00 price target on shares of Sunrun and gave the stock an "outperform" rating in a report on Monday, June 2nd. Three research analysts have rated the stock with a sell rating, ten have assigned a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $14.06.
Check Out Our Latest Stock Analysis on RUN
Institutional Trading of Sunrun
A number of large investors have recently added to or reduced their stakes in the stock. Janney Montgomery Scott LLC purchased a new stake in Sunrun during the fourth quarter valued at about $118,000. Bleakley Financial Group LLC grew its holdings in shares of Sunrun by 39.3% during the fourth quarter. Bleakley Financial Group LLC now owns 18,915 shares of the energy company's stock worth $175,000 after purchasing an additional 5,332 shares in the last quarter. Empowered Funds LLC grew its stake in Sunrun by 23.2% in the 4th quarter. Empowered Funds LLC now owns 13,734 shares of the energy company's stock worth $127,000 after buying an additional 2,588 shares in the last quarter. Newbridge Financial Services Group Inc. lifted its stake 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 worth $32,000 after purchasing an additional 2,000 shares during the last quarter. Finally, CIBC Asset Management Inc grew its position in Sunrun by 5.8% during the fourth quarter. CIBC Asset Management Inc now owns 24,774 shares of the energy company's stock valued at $229,000 after acquiring an additional 1,360 shares during the last quarter. Hedge funds and other institutional investors own 91.69% of the company's stock.
Sunrun Company Profile
(
Get Free Report)
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.
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