827,077 Shares in Sunrun Inc. $RUN Acquired by Diversify Advisory Services LLC

Diversify Advisory Services LLC bought a new position in shares of Sunrun Inc. (NASDAQ:RUN) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund bought 827,077 shares of the energy company’s stock, valued at approximately $8,254,000. Diversify Advisory Services LLC owned about 0.35% of Sunrun at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Farther Finance Advisors LLC raised its stake in shares of Sunrun by 156.9% during the fourth quarter. Farther Finance Advisors LLC now owns 1,449 shares of the energy company’s stock valued at $27,000 after acquiring an additional 885 shares during the last quarter. Caitong International Asset Management Co. Ltd bought a new stake in shares of Sunrun in the fourth quarter worth $27,000. Hantz Financial Services Inc. grew its stake in shares of Sunrun by 59.1% in the fourth quarter. Hantz Financial Services Inc. now owns 1,519 shares of the energy company’s stock worth $28,000 after purchasing an additional 564 shares during the last quarter. Kestra Advisory Services LLC acquired a new stake in Sunrun in the fourth quarter valued at $30,000. Finally, Salomon & Ludwin LLC increased its holdings in Sunrun by 49.2% in the fourth quarter. Salomon & Ludwin LLC now owns 1,693 shares of the energy company’s stock valued at $31,000 after purchasing an additional 558 shares during the period. 91.69% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have commented on RUN shares. Wall Street Zen raised Sunrun from a “sell” rating to a “hold” rating in a report on Saturday. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $17.00 price target on shares of Sunrun in a research report on Friday, May 8th. TD Cowen lowered their price objective on Sunrun from $21.00 to $16.00 and set a “buy” rating for the company in a research report on Thursday, August 6th. Glj Research restated a “sell” rating and set a $4.63 price objective on shares of Sunrun in a research report on Monday. Finally, Citigroup cut their price objective on Sunrun from $20.00 to $16.00 and set a “buy” rating on the stock in a research note on Friday, August 7th. Twelve investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $16.81.

Sunrun Price Performance

RUN stock opened at $9.26 on Wednesday. The firm has a market cap of $2.23 billion, a price-to-earnings ratio of 6.26 and a beta of 2.36. The company has a quick ratio of 1.00, a current ratio of 1.42 and a debt-to-equity ratio of 3.34. Sunrun Inc. has a 12-month low of $8.61 and a 12-month high of $22.44. The company’s fifty day simple moving average is $11.65 and its 200 day simple moving average is $13.63.

Sunrun (NASDAQ:RUN) last issued its quarterly earnings results on Wednesday, August 5th. The energy company reported $0.42 EPS for the quarter, beating analysts’ consensus estimates of $0.23 by $0.19. Sunrun had a net margin of 11.59% and a return on equity of 9.59%. The business had revenue of $869.99 million for the quarter, compared to analysts’ expectations of $746.87 million. During the same quarter in the prior year, the firm posted $1.07 earnings per share. The business’s quarterly revenue was up 52.8% compared to the same quarter last year. On average, analysts expect that Sunrun Inc. will post 1.13 earnings per share for the current year.

Insider Buying and Selling

In other Sunrun news, CFO Danny Abajian sold 16,495 shares of Sunrun stock in a transaction that occurred on Monday, July 6th. The stock was sold at an average price of $13.19, for a total value of $217,569.05. Following the completion of the sale, the chief financial officer directly owned 420,318 shares in the company, valued at approximately $5,543,994.42. The trade was a 3.78% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Mary Powell sold 23,985 shares of the business’s stock in a transaction that occurred on Monday, July 6th. The shares were sold at an average price of $13.19, for a total value of $316,362.15. Following the completion of the transaction, the chief executive officer directly owned 1,111,535 shares in the company, valued at approximately $14,661,146.65. This trade represents a 2.11% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 223,045 shares of company stock worth $2,934,835 over the last three months. Insiders own 3.55% of the company’s stock.

About Sunrun

Sunrun, Inc (NASDAQ: RUN) is a leading provider of residential solar energy systems in the United States. The company designs, installs and maintains rooftop solar panels and battery storage solutions for homeowners under flexible financing arrangements. Customers can choose from leasing, power purchase agreements or solar ownership models, all of which are supported by Sunrun’s network of installation partners and service technicians. Sunrun also offers integrated home energy management services, including its Brightbox battery storage product, which enables customers to store solar energy for use during peak hours or power outages.

Founded in 2007 by Lynn Jurich, Ed Fenster and Nat Kreamer, Sunrun is headquartered in San Francisco, California.