Sunrun (NASDAQ:RUN) Stock Price Down 4% - Should You Sell?

Shares of Sunrun Inc. (NASDAQ:RUN - Get Free Report) were down 4% during trading on Wednesday . The stock traded as low as $8.36 and last traded at $8.51. Approximately 3,204,657 shares changed hands during mid-day trading, a decline of 73% from the average daily volume of 11,963,708 shares. The stock had previously closed at $8.86.

Analyst Ratings Changes

Several analysts recently commented on RUN shares. UBS Group decreased their price target on Sunrun from $17.00 to $12.00 and set a "buy" rating on the stock in a research note on Friday, May 30th. Jefferies Financial Group lowered Sunrun from a "hold" rating to an "underperform" rating and decreased their price target for the company from $6.00 to $5.00 in a research note on Wednesday. TD Cowen cut their price objective on Sunrun from $18.00 to $14.00 and set a "buy" rating for the company in a research report on Friday, February 28th. Wall Street Zen downgraded Sunrun from a "hold" rating to a "sell" rating in a research report on Friday, June 6th. Finally, Truist Financial reiterated a "hold" rating and issued a $6.00 price objective (down previously from $9.00) on shares of Sunrun in a research report on Wednesday, April 16th. Three analysts have rated the stock with a sell rating, ten have issued a hold rating and eleven have issued a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Hold" and an average target price of $14.06.

Sunrun Trading Up 18.1%

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 business has a 50 day moving average of $8.04 and a 200 day moving average of $8.48. The firm has a market capitalization of $2.28 billion, a price-to-earnings ratio of -5.49 and a beta of 2.61.

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

Insider Buying and Selling

In other Sunrun news, insider Jeanna Steele sold 9,942 shares of the business's stock in a transaction dated Monday, April 7th. The stock was sold at an average price of $6.74, for a total value of $67,009.08. Following the completion of the transaction, the insider now directly owns 291,238 shares of the company's stock, valued at approximately $1,962,944.12. The trade was a 3.30% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Edward Harris Fenster bought 50,000 shares of the firm's stock in a transaction on Monday, May 12th. The stock was acquired at an average cost of $10.87 per share, with a total value of $543,500.00. Following the completion of the purchase, the director now owns 1,408,182 shares of the company's stock, valued at approximately $15,306,938.34. This trade represents a 3.68% increase in their position. The disclosure for this purchase can be found here. Insiders sold a total of 88,993 shares of company stock valued at $612,979 over the last three months. Company insiders own 3.37% of the company's stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Sunrun by 8.6% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 662,211 shares of the energy company's stock worth $6,125,000 after buying an additional 52,176 shares during the period. KLP Kapitalforvaltning AS acquired a new position in shares of Sunrun during the fourth quarter worth about $402,000. Clal Insurance Enterprises Holdings Ltd acquired a new position in shares of Sunrun during the fourth quarter worth about $18,500,000. Charles Schwab Investment Management Inc. boosted its position in shares of Sunrun by 7.2% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,325,562 shares of the energy company's stock worth $21,511,000 after buying an additional 155,311 shares during the period. Finally, Greenvale Capital LLP boosted its position in shares of Sunrun by 50.3% during the fourth quarter. Greenvale Capital LLP now owns 13,500,000 shares of the energy company's stock worth $124,875,000 after buying an additional 4,516,793 shares during the period. 91.69% of the stock is owned by institutional investors and hedge funds.

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.