Sunrun Inc. (NASDAQ:RUN) Insider Jeanna Steele Sells 3,668 Shares

Sunrun Inc. (NASDAQ:RUN - Get Free Report) insider Jeanna Steele sold 3,668 shares of the business's stock in a transaction dated Monday, July 7th. The shares were sold at an average price of $10.80, for a total value of $39,614.40. Following the completion of the sale, the insider owned 439,620 shares in the company, valued at $4,747,896. This represents a 0.83% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

Jeanna Steele also recently made the following trade(s):

• On Friday, June 6th, Jeanna Steele sold 1,359 shares of Sunrun stock. The stock was sold at an average price of $8.23, for a total transaction of $11,184.57.

Sunrun Price Performance

Shares of NASDAQ:RUN traded up $0.40 during trading on Thursday, reaching $10.91. The stock had a trading volume of 10,240,951 shares, compared to its average volume of 13,543,423. The company has a debt-to-equity ratio of 3.89, a quick ratio of 0.99 and a current ratio of 1.32. The business has a fifty day moving average price of $8.59 and a 200-day moving average price of $8.21. The stock has a market cap of $2.49 billion, a PE ratio of -0.90 and a beta of 2.60. Sunrun Inc. has a 1-year low of $5.38 and a 1-year high of $22.26.

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

Wall Street Analysts Forecast Growth

RUN has been the topic of a number of analyst reports. Citigroup reaffirmed a "neutral" rating and issued a $7.00 price target on shares of Sunrun in a research note on Thursday, April 17th. The Goldman Sachs Group increased their price objective on Sunrun from $12.00 to $15.00 and gave the company a "buy" rating in a research note on Monday, May 19th. KeyCorp raised Sunrun from an "underweight" rating to a "sector weight" rating in a research note on Tuesday. Glj Research lowered Sunrun from a "hold" rating to a "sell" rating in a research note on Tuesday, June 17th. Finally, Morgan Stanley reissued an "equal weight" rating and set a $11.00 price objective on shares of Sunrun in a research note on Wednesday, April 23rd. Three investment analysts have rated the stock with a sell rating, ten have given a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $13.97.

Institutional Investors Weigh In On Sunrun

Several institutional investors and hedge funds have recently modified their holdings of the company. Vanguard Group Inc. raised its holdings in shares of Sunrun by 1.5% in the 4th quarter. Vanguard Group Inc. now owns 23,749,115 shares of the energy company's stock valued at $219,679,000 after buying an additional 343,448 shares during the period. Greenvale Capital LLP boosted its position in shares of Sunrun by 50.3% in the 4th quarter. Greenvale Capital LLP now owns 13,500,000 shares of the energy company's stock valued at $124,875,000 after purchasing an additional 4,516,793 shares during the period. Alyeska Investment Group L.P. boosted its position in shares of Sunrun by 593.9% in the 4th quarter. Alyeska Investment Group L.P. now owns 12,028,454 shares of the energy company's stock valued at $111,263,000 after purchasing an additional 10,294,947 shares during the period. Sylebra Capital LLC boosted its position in shares of Sunrun by 23.8% in the 1st quarter. Sylebra Capital LLC now owns 8,273,331 shares of the energy company's stock valued at $48,482,000 after purchasing an additional 1,590,169 shares during the period. Finally, Dimensional Fund Advisors LP boosted its position in shares of Sunrun by 27.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 6,621,303 shares of the energy company's stock valued at $61,252,000 after purchasing an additional 1,427,858 shares during the period. Hedge funds and other institutional investors own 91.69% of the company's stock.

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.