Sunrun (NASDAQ:RUN) Given New $10.00 Price Target at Susquehanna

Sunrun (NASDAQ:RUN - Free Report) had its price objective trimmed by Susquehanna from $13.00 to $10.00 in a report published on Monday morning,Benzinga reports. The brokerage currently has a positive rating on the energy company's stock.

Other analysts have also issued reports about the stock. UBS Group lowered their price target on shares of Sunrun from $17.00 to $15.00 and set a "buy" rating on the stock in a research report on Tuesday, March 4th. Royal Bank of Canada lowered their target price on Sunrun from $17.00 to $14.00 and set an "outperform" rating on the stock in a report on Monday, March 3rd. The Goldman Sachs Group cut their price target on Sunrun from $17.00 to $15.00 and set a "buy" rating for the company in a report on Monday, March 3rd. StockNews.com raised Sunrun to a "sell" rating in a research note on Friday, December 20th. Finally, Barclays reduced their target price on shares of Sunrun from $18.00 to $15.00 and set an "equal weight" rating on the stock in a report on Tuesday, January 28th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $16.01.

Sunrun Price Performance

Shares of RUN stock traded up $0.32 during mid-day trading on Monday, reaching $6.85. The stock had a trading volume of 11,271,349 shares, compared to its average volume of 10,749,613. Sunrun has a 12-month low of $5.45 and a 12-month high of $22.26. The company has a current ratio of 1.47, a quick ratio of 1.15 and a debt-to-equity ratio of 1.92. The business has a 50-day simple moving average of $7.00 and a 200 day simple moving average of $9.90. The company has a market cap of $1.55 billion, a P/E ratio of -3.76 and a beta of 2.74.

Insider Buying and Selling at Sunrun

In other Sunrun news, insider Jeanna Steele sold 9,942 shares of the firm's stock in a transaction on Monday, April 7th. The shares were sold at an average price of $6.74, for a total transaction 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 $1,962,944.12. This trade represents a 3.30 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Edward Harris Fenster bought 150,000 shares of the business's stock in a transaction dated Monday, March 3rd. The stock was bought at an average price of $6.80 per share, for a total transaction of $1,020,000.00. Following the purchase, the director now owns 1,358,182 shares in the company, valued at approximately $9,235,637.60. This represents a 12.42 % increase in their position. The disclosure for this purchase can be found here. Insiders sold a total of 138,540 shares of company stock worth $1,050,944 in the last 90 days. 3.77% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Sunrun

Hedge funds have recently added to or reduced their stakes in the stock. MML Investors Services LLC boosted its stake in Sunrun by 9.3% during the 3rd quarter. MML Investors Services LLC now owns 43,313 shares of the energy company's stock valued at $782,000 after purchasing an additional 3,689 shares during the period. Geode Capital Management LLC boosted its position in shares of Sunrun by 0.6% during the third quarter. Geode Capital Management LLC now owns 5,315,667 shares of the energy company's stock worth $96,019,000 after buying an additional 30,549 shares during the period. Virtu Financial LLC bought a new position in Sunrun in the 3rd quarter worth approximately $482,000. Wilmington Savings Fund Society FSB bought a new stake in shares of Sunrun during the third quarter valued at about $44,000. Finally, Franklin Resources Inc. bought a new position in shares of Sunrun in the third quarter valued at approximately $896,000. 91.69% of the stock is currently owned by institutional investors.

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.