Sunrun Inc. (NASDAQ:RUN) Insider Sells $122,824.32 in Stock

Sunrun Inc. (NASDAQ:RUN - Get Free Report) insider Jeanna Steele sold 10,176 shares of the firm's stock in a transaction on Monday, April 8th. The stock was sold at an average price of $12.07, for a total value of $122,824.32. Following the completion of the sale, the insider now directly owns 228,743 shares of the company's stock, valued at approximately $2,760,928.01. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Monday, March 18th, Jeanna Steele sold 805 shares of Sunrun stock. The stock was sold at an average price of $10.02, for a total value of $8,066.10.
• On Wednesday, March 6th, Jeanna Steele sold 8,187 shares of Sunrun stock. The stock was sold at an average price of $12.11, for a total value of $99,144.57.
• On Thursday, February 29th, Jeanna Steele sold 1,110 shares of Sunrun stock. The shares were sold at an average price of $12.12, for a total value of $13,453.20.

Sunrun Price Performance

Shares of RUN traded down $0.73 on Wednesday, hitting $12.29. The company's stock had a trading volume of 14,770,327 shares, compared to its average volume of 14,601,208. The company has a market capitalization of $2.70 billion, a PE ratio of -1.66 and a beta of 2.46. The company has a debt-to-equity ratio of 1.68, a current ratio of 1.26 and a quick ratio of 0.96. Sunrun Inc. has a fifty-two week low of $8.43 and a fifty-two week high of $23.85. The company has a 50 day moving average price of $12.93 and a 200 day moving average price of $13.24.

Sunrun (NASDAQ:RUN - Get Free Report) last posted its quarterly earnings data on Wednesday, February 21st. The energy company reported ($1.33) earnings per share for the quarter, missing the consensus estimate of ($0.13) by ($1.20). Sunrun had a negative return on equity of 5.58% and a negative net margin of 71.00%. The company had revenue of $516.59 million during the quarter, compared to the consensus estimate of $499.74 million. On average, research analysts anticipate that Sunrun Inc. will post -1.58 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Janney Montgomery Scott cut Sunrun from a "buy" rating to a "neutral" rating in a research report on Tuesday, February 27th. KeyCorp reissued a "sector weight" rating on shares of Sunrun in a research report on Thursday, January 4th. BMO Capital Markets lifted their price objective on Sunrun from $18.00 to $20.00 and gave the company a "market perform" rating in a research report on Thursday, February 22nd. Susquehanna reissued a "positive" rating and set a $25.00 price objective on shares of Sunrun in a research report on Friday, April 5th. Finally, Royal Bank of Canada reduced their price objective on Sunrun from $17.00 to $15.00 and set an "outperform" rating for the company in a research report on Friday, March 15th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and fourteen have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $22.05.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. Moneta Group Investment Advisors LLC raised its position in shares of Sunrun by 99,711.8% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 10,455,287 shares of the energy company's stock valued at $251,136,000 after acquiring an additional 10,444,812 shares during the last quarter. Grantham Mayo Van Otterloo & Co. LLC raised its position in shares of Sunrun by 35.9% during the 3rd quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 14,182,106 shares of the energy company's stock valued at $178,127,000 after acquiring an additional 3,748,696 shares during the last quarter. Norges Bank bought a new stake in shares of Sunrun during the 4th quarter valued at $36,589,000. Deutsche Bank AG raised its position in shares of Sunrun by 112.9% during the 3rd quarter. Deutsche Bank AG now owns 2,226,821 shares of the energy company's stock valued at $27,969,000 after acquiring an additional 1,180,823 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its position in shares of Sunrun by 42.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 3,860,637 shares of the energy company's stock valued at $77,780,000 after acquiring an additional 1,147,262 shares during the last quarter. 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.

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