Sunrun (NASDAQ:RUN) Director Sells $965,500.00 in Stock

Key Points

• Sunrun Inc. Director Lynn Michelle Jurich sold 50,000 shares for approximately $965,500, decreasing her ownership by 5.55% to 850,482 shares.
• Sunrun's stock has fluctuated between a 12-month low of $5.38 and a high of $20.02, currently trading at $19.11 with a market capitalization of $4.41 billion.
• Analysts have issued mixed ratings for Sunrun, with price targets ranging from $10 to $21, and the stock holding an average rating of "Moderate Buy."

Sunrun Inc. (NASDAQ:RUN - Get Free Report) Director Lynn Michelle Jurich sold 50,000 shares of the company's stock in a transaction that occurred on Wednesday, October 1st. The stock was sold at an average price of $19.31, for a total value of $965,500.00. Following the completion of the transaction, the director owned 850,482 shares of the company's stock, valued at $16,422,807.42. The trade was a 5.55% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Lynn Michelle Jurich also recently made the following trade(s):

• On Monday, September 8th, Lynn Michelle Jurich sold 50,000 shares of Sunrun stock. The stock was sold at an average price of $17.44, for a total value of $872,000.00.
• On Monday, September 8th, Lynn Michelle Jurich sold 490 shares of Sunrun stock. The stock was sold at an average price of $16.92, for a total value of $8,290.80.

Sunrun Price Performance

RUN stock traded down $0.04 during midday trading on Friday, hitting $19.11. The company's stock had a trading volume of 10,736,026 shares, compared to its average volume of 11,150,735. Sunrun Inc. has a 12 month low of $5.38 and a 12 month high of $20.02. The company has a quick ratio of 1.02, a current ratio of 1.41 and a debt-to-equity ratio of 3.70. The firm has a market capitalization of $4.41 billion, a price-to-earnings ratio of -1.65 and a beta of 2.41. The company has a 50 day moving average of $14.86 and a two-hundred day moving average of $10.45.

Sunrun (NASDAQ:RUN - Get Free Report) last posted its quarterly earnings results on Wednesday, August 6th. The energy company reported $1.07 earnings per share for the quarter, topping the consensus estimate of ($0.18) by $1.25. The business had revenue of $569.34 million during the quarter, compared to the consensus estimate of $555.42 million. Sunrun had a positive return on equity of 14.19% and a negative net margin of 120.59%.The firm's revenue for the quarter was up 8.7% compared to the same quarter last year. During the same period in the prior year, the company posted $0.55 EPS. On average, analysts expect that Sunrun Inc. will post -0.43 EPS for the current year.

Hedge Funds Weigh In On Sunrun

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. GAMMA Investing LLC grew its position in shares of Sunrun by 3.5% during the 3rd quarter. GAMMA Investing LLC now owns 17,971 shares of the energy company's stock worth $311,000 after buying an additional 607 shares in the last quarter. Corient Private Wealth LLC bought a new position in shares of Sunrun during the 2nd quarter worth $102,000. Osaic Holdings Inc. grew its position in shares of Sunrun by 6.3% during the 2nd quarter. Osaic Holdings Inc. now owns 22,386 shares of the energy company's stock worth $183,000 after buying an additional 1,332 shares in the last quarter. Thrivent Financial for Lutherans boosted its position in Sunrun by 2.0% during the second quarter. Thrivent Financial for Lutherans now owns 168,009 shares of the energy company's stock valued at $1,374,000 after purchasing an additional 3,228 shares in the last quarter. Finally, B. Riley Wealth Advisors Inc. bought a new stake in Sunrun during the second quarter valued at about $667,000. Institutional investors own 91.69% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on RUN. Jefferies Financial Group raised Sunrun from a "hold" rating to a "buy" rating and upped their price objective for the stock from $11.00 to $21.00 in a report on Wednesday. Wells Fargo & Company increased their price target on Sunrun from $8.00 to $14.00 and gave the company an "overweight" rating in a report on Thursday, August 14th. BNP Paribas upgraded Sunrun from a "hold" rating to a "strong-buy" rating in a report on Monday, July 7th. BMO Capital Markets increased their price target on Sunrun from $8.00 to $10.00 and gave the company an "underperform" rating in a report on Thursday, August 7th. Finally, Weiss Ratings restated a "sell (d-)" rating on shares of Sunrun in a report on Saturday, September 27th. Two analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, nine have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $15.60.

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.

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