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.
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About Sunrun
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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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