Insider Selling: Sunrun Inc. (NASDAQ:RUN) CAO Sells 988 Shares of Stock

Sunrun Inc. (NASDAQ:RUN - Get Free Report) CAO Maria Barak sold 988 shares of the stock in a transaction that occurred on Monday, July 7th. The shares were sold at an average price of $10.80, for a total transaction of $10,670.40. Following the completion of the transaction, the chief accounting officer directly owned 56,415 shares of the company's stock, valued at $609,282. The trade was a 1.72% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Sunrun Trading Up 3.4%

Shares of RUN traded up $0.36 during midday trading on Thursday, hitting $10.87. 17,983,834 shares of the stock were exchanged, compared to its average volume of 13,573,518. The stock has a fifty day simple moving average of $8.67 and a 200 day simple moving average of $8.22. Sunrun Inc. has a 52-week low of $5.38 and a 52-week high of $22.26. The firm has a market cap of $2.48 billion, a P/E ratio of -0.90 and a beta of 2.60. The company has a debt-to-equity ratio of 3.89, a quick ratio of 0.99 and a current ratio of 1.32.

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

Institutional Trading of Sunrun

A number of institutional investors have recently bought and sold shares of the business. Baader Bank Aktiengesellschaft purchased a new stake in Sunrun during the second quarter worth approximately $118,000. Focus Partners Wealth lifted its position in shares of Sunrun by 21.2% during the 1st quarter. Focus Partners Wealth now owns 12,702 shares of the energy company's stock worth $74,000 after buying an additional 2,226 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in Sunrun by 14.9% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 760,758 shares of the energy company's stock valued at $4,458,000 after acquiring an additional 98,547 shares during the last quarter. United Services Automobile Association purchased a new stake in Sunrun in the first quarter valued at $87,000. Finally, Caxton Associates LLP purchased a new stake in Sunrun in the first quarter valued at $2,045,000. 91.69% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages recently weighed in on RUN. Susquehanna reduced their price target on Sunrun from $13.00 to $10.00 and set a "positive" rating for the company in a research report on Monday, April 14th. Royal Bank Of Canada lowered shares of Sunrun from an "outperform" rating to a "sector perform" rating and cut their price target for the stock from $12.00 to $5.00 in a report on Wednesday, June 18th. UBS Group cut their target price on shares of Sunrun from $17.00 to $12.00 and set a "buy" rating for the company in a research note on Friday, May 30th. The Goldman Sachs Group boosted their price objective on Sunrun from $12.00 to $15.00 and gave the stock a "buy" rating in a research note on Monday, May 19th. Finally, Jefferies Financial Group upgraded Sunrun from an "underperform" rating to a "hold" rating and boosted their price target for the stock from $5.00 to $11.00 in a research report on Wednesday. Three investment analysts have rated the stock with a sell rating, ten have given a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Sunrun has an average rating of "Hold" and an average price target of $13.97.

About Sunrun

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.