Sunrun (NASDAQ:RUN) Insider Jeanna Steele Sells 1,526 Shares

Key Points

• Jeanna Steele, an insider at Sunrun Inc., sold 1,526 shares of the company for $30,138.50 on October 8th, resulting in a 0.39% decrease in her ownership position.
• Sunrun's shares have experienced a slight decline, trading down 0.3% to $19.40, with a market capitalization of $4.48 billion.
• A number of analysts have raised their price targets for Sunrun, with Deutsche Bank setting a target of $20.00 and maintaining a "hold" rating on the stock.

Sunrun Inc. (NASDAQ:RUN - Get Free Report) insider Jeanna Steele sold 1,526 shares of the company's stock in a transaction that occurred on Wednesday, October 8th. The shares were sold at an average price of $19.75, for a total value of $30,138.50. Following the completion of the transaction, the insider directly owned 387,301 shares of the company's stock, valued at $7,649,194.75. This represents a 0.39% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Jeanna Steele also recently made the following trade(s):

• On Monday, October 6th, Jeanna Steele sold 4,440 shares of Sunrun stock. The stock was sold at an average price of $19.34, for a total value of $85,869.60.
• On Wednesday, October 1st, Jeanna Steele sold 20,426 shares of Sunrun stock. The shares were sold at an average price of $19.35, for a total value of $395,243.10.
• On Monday, September 8th, Jeanna Steele sold 1,433 shares of Sunrun stock. The stock was sold at an average price of $16.93, for a total value of $24,260.69.
• On Tuesday, August 26th, Jeanna Steele sold 7,077 shares of Sunrun stock. The shares were sold at an average price of $16.75, for a total value of $118,539.75.
• On Monday, August 18th, Jeanna Steele sold 17,417 shares of Sunrun stock. The shares were sold at an average price of $16.25, for a total value of $283,026.25.

Sunrun Trading Down 0.3%

Shares of RUN stock traded down $0.06 on Wednesday, reaching $19.40. 7,640,937 shares of the company's stock were exchanged, compared to its average volume of 10,447,330. The stock has a market capitalization of $4.48 billion, a PE ratio of -1.67 and a beta of 2.41. The company has a current ratio of 1.41, a quick ratio of 1.02 and a debt-to-equity ratio of 3.70. Sunrun Inc. has a 52 week low of $5.38 and a 52 week high of $20.25. The company's fifty day simple moving average is $15.38 and its 200 day simple moving average is $10.72.

Sunrun (NASDAQ:RUN - Get Free Report) last announced its 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 firm had revenue of $569.34 million for 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% on a year-over-year basis. During the same period in the previous year, the business earned $0.55 EPS. As a group, analysts forecast that Sunrun Inc. will post -0.43 EPS for the current year.

Analysts Set New Price Targets

A number of analysts have issued reports on RUN shares. TD Cowen lifted their price target on Sunrun from $13.00 to $14.00 and gave the stock a "buy" rating in a report on Thursday, August 7th. Cowen reaffirmed a "buy" rating on shares of Sunrun in a research report on Thursday, August 7th. Royal Bank Of Canada upgraded shares of Sunrun from a "sector perform" rating to an "outperform" rating and lifted their price target for the stock from $12.00 to $16.00 in a research report on Monday, August 18th. UBS Group lifted their price objective on shares of Sunrun from $15.00 to $16.00 and gave the company a "buy" rating in a research note on Friday, August 8th. Finally, Deutsche Bank Aktiengesellschaft upped their target price on shares of Sunrun from $11.00 to $20.00 and gave the company a "hold" rating in a research note on Wednesday, October 1st. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating, nine have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $15.69.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of RUN. Smartleaf Asset Management LLC grew its position in Sunrun by 181.0% during the second quarter. Smartleaf Asset Management LLC now owns 4,130 shares of the energy company's stock valued at $34,000 after buying an additional 2,660 shares during the period. Spire Wealth Management boosted its holdings in Sunrun by 960.0% in the second quarter. Spire Wealth Management now owns 5,300 shares of the energy company's stock valued at $43,000 after acquiring an additional 4,800 shares in the last quarter. Nomura Asset Management Co. Ltd. raised its position in shares of Sunrun by 87.1% in the 2nd quarter. Nomura Asset Management Co. Ltd. now owns 5,800 shares of the energy company's stock worth $47,000 after purchasing an additional 2,700 shares during the last quarter. Signaturefd LLC raised its position in Sunrun by 436.4% in the 2nd quarter. Signaturefd LLC now owns 7,805 shares of the energy company's stock worth $64,000 after buying an additional 6,350 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC purchased a new position in Sunrun in the 4th quarter worth about $94,000. Institutional investors and hedge funds own 91.69% of the company's stock.

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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