Raymond James Financial Inc. Makes New Investment in Sunrun Inc. (NASDAQ:RUN)

Raymond James Financial Inc. purchased a new position in Sunrun Inc. (NASDAQ:RUN - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 93,710 shares of the energy company's stock, valued at approximately $867,000.

Several other institutional investors have also modified their holdings of the business. Aster Capital Management DIFC Ltd purchased a new stake in shares of Sunrun during the 4th quarter worth $29,000. Newbridge Financial Services Group Inc. lifted its position in shares of Sunrun by 133.3% during the 4th 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. Wilmington Savings Fund Society FSB purchased a new stake in Sunrun in the third quarter valued at $44,000. Summit Securities Group LLC purchased a new stake in Sunrun in the fourth quarter valued at $53,000. Finally, Union Bancaire Privee UBP SA purchased a new stake in Sunrun in the fourth quarter valued at $56,000. Institutional investors and hedge funds own 91.69% of the company's stock.

Wall Street Analyst Weigh In

RUN has been the subject of a number of research reports. StockNews.com raised shares of Sunrun to a "sell" rating in a research report on Thursday. JPMorgan Chase & Co. reduced their target price on shares of Sunrun from $22.00 to $18.00 and set an "overweight" rating for the company in a report on Thursday, January 23rd. Barclays reduced their target price on shares of Sunrun from $18.00 to $15.00 and set an "equal weight" rating for the company in a report on Tuesday, January 28th. The Goldman Sachs Group reduced their target price on shares of Sunrun from $17.00 to $15.00 and set a "buy" rating for the company in a report on Monday, March 3rd. Finally, Susquehanna reduced their target price on shares of Sunrun from $13.00 to $10.00 and set a "positive" rating for the company in a report on Monday, April 14th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, Sunrun has an average rating of "Hold" and a consensus target price of $14.82.

Sunrun Stock Performance

Shares of NASDAQ RUN traded up $0.88 during trading hours on Friday, hitting $9.38. 29,788,674 shares of the stock were exchanged, compared to its average volume of 10,807,223. The company has a debt-to-equity ratio of 1.92, a current ratio of 1.47 and a quick ratio of 1.15. The company's 50 day moving average is $6.77 and its 200 day moving average is $8.97. The firm has a market capitalization of $2.14 billion, a P/E ratio of -5.15 and a beta of 2.66. Sunrun Inc. has a one year low of $5.45 and a one year high of $22.26.

Sunrun (NASDAQ:RUN - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The energy company reported $0.20 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.22) by $0.42. Sunrun had a negative net margin of 18.80% and a negative return on equity of 5.15%. The business had revenue of $504.27 million during the quarter, compared to the consensus estimate of $487.29 million. During the same period in the prior year, the firm earned ($0.40) EPS. Sunrun's quarterly revenue was up 10.1% compared to the same quarter last year. On average, research analysts expect that Sunrun Inc. will post -0.43 EPS for the current year.

Insider Activity

In other Sunrun news, CRO Paul S. Dickson sold 19,343 shares of the stock in a transaction dated Monday, April 7th. The shares were sold at an average price of $6.74, for a total transaction of $130,371.82. Following the sale, the executive now owns 399,729 shares of the company's stock, valued at $2,694,173.46. This represents a 4.62% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Mary Powell sold 31,197 shares of the stock in a transaction dated Monday, April 7th. The stock was sold at an average price of $6.74, for a total transaction of $210,267.78. Following the sale, the chief executive officer now directly owns 534,615 shares in the company, valued at approximately $3,603,305.10. This represents a 5.51% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 138,540 shares of company stock worth $1,050,944. 3.77% of the stock is currently owned by corporate insiders.

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.