Sunrun (NASDAQ:RUN) Shares Down 4.8% After Insider Selling

Sunrun Inc. (NASDAQ:RUN - Get Free Report) shares dropped 4.8% during mid-day trading on Tuesday after an insider sold shares in the company. The stock traded as low as $10.14 and last traded at $10.18. Approximately 1,297,568 shares traded hands during mid-day trading, a decline of 91% from the average daily volume of 14,290,282 shares. The stock had previously closed at $10.69.

Specifically, Director Edward Harris Fenster sold 172,920 shares of the stock in a transaction dated Thursday, April 11th. The stock was sold at an average price of $11.95, for a total value of $2,066,394.00. Following the completion of the sale, the director now directly owns 1,261,317 shares in the company, valued at $15,072,738.15. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Sunrun news, Director Lynn Michelle Jurich sold 4,830 shares of the stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $12.12, for a total value of $58,539.60. Following the completion of the sale, the director now directly owns 1,403,915 shares in the company, valued at $17,015,449.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Edward Harris Fenster sold 172,920 shares of the company's stock in a transaction dated Thursday, April 11th. The stock was sold at an average price of $11.95, for a total value of $2,066,394.00. Following the transaction, the director now directly owns 1,261,317 shares of the company's stock, valued at $15,072,738.15. The disclosure for this sale can be found here. Over the last quarter, insiders sold 301,760 shares of company stock worth $3,615,990. 3.76% of the stock is owned by insiders.

Analyst Ratings Changes

Several research analysts recently commented on RUN shares. The Goldman Sachs Group increased their price target on Sunrun from $20.00 to $21.00 and gave the company a "buy" rating in a research report on Thursday, February 22nd. Truist Financial reissued a "hold" rating and set a $14.00 price target (down from $15.00) on shares of Sunrun in a research report on Monday, February 26th. BMO Capital Markets increased their price target on Sunrun from $18.00 to $20.00 and gave the company a "market perform" rating in a research report on Thursday, February 22nd. Royal Bank of Canada reduced their price target on Sunrun from $17.00 to $15.00 and set an "outperform" rating for the company in a research report on Friday, March 15th. Finally, Oppenheimer reissued an "outperform" rating and set a $19.00 price target on shares of Sunrun in a research report on Thursday, February 22nd. One research analyst has rated the stock with a sell rating, seven have given a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $21.53.

Sunrun Stock Performance

The stock has a fifty day simple moving average of $12.67 and a two-hundred day simple moving average of $13.21. The stock has a market cap of $2.27 billion, a price-to-earnings ratio of -1.40 and a beta of 2.46. The company has a debt-to-equity ratio of 1.68, a quick ratio of 0.96 and a current ratio of 1.26.

Sunrun (NASDAQ:RUN - Get Free Report) last released 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 net margin of 71.00% and a negative return on equity of 5.58%. The firm had revenue of $516.59 million for the quarter, compared to analyst estimates of $499.74 million. Analysts expect that Sunrun Inc. will post -1.69 EPS for the current fiscal year.

Institutional Investors Weigh In On Sunrun

Hedge funds have recently modified their holdings of the company. International Assets Investment Management LLC acquired a new position in Sunrun during the 3rd quarter worth about $26,000. C M Bidwell & Associates Ltd. lifted its holdings in Sunrun by 1,483.9% during the 3rd quarter. C M Bidwell & Associates Ltd. now owns 2,360 shares of the energy company's stock worth $30,000 after buying an additional 2,211 shares during the period. Fifth Third Bancorp lifted its holdings in Sunrun by 76.9% during the 4th quarter. Fifth Third Bancorp now owns 1,758 shares of the energy company's stock worth $35,000 after buying an additional 764 shares during the period. Versant Capital Management Inc raised its position in shares of Sunrun by 149.7% in the 4th quarter. Versant Capital Management Inc now owns 1,880 shares of the energy company's stock worth $37,000 after acquiring an additional 1,127 shares in the last quarter. Finally, Hexagon Capital Partners LLC raised its position in shares of Sunrun by 69.8% in the 3rd quarter. Hexagon Capital Partners LLC now owns 3,345 shares of the energy company's stock worth $42,000 after acquiring an additional 1,375 shares in the last quarter. Institutional investors and hedge funds 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.