Insider Selling: Sunrun (NASDAQ:RUN) Insider Sells $30,138.50 in Stock

Sunrun Inc. (NASDAQ:RUN) insider Jeanna Steele sold 1,526 shares of the firm’s stock in a transaction dated Wednesday, October 8th. The stock was sold at an average price of $19.75, for a total transaction of $30,138.50. Following the completion of the sale, the insider owned 387,301 shares of the company’s stock, valued at $7,649,194.75. This trade represents a 0.39% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible 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 transaction of $85,869.60.
• On Wednesday, October 1st, Jeanna Steele sold 20,426 shares of Sunrun stock. The stock was sold at an average price of $19.35, for a total transaction 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 transaction of $24,260.69.
• On Tuesday, August 26th, Jeanna Steele sold 7,077 shares of Sunrun stock. The stock was sold at an average price of $16.75, for a total transaction of $118,539.75.
• On Monday, August 18th, Jeanna Steele sold 17,417 shares of Sunrun stock. The stock was sold at an average price of $16.25, for a total transaction of $283,026.25.

Sunrun Price Performance

Sunrun stock opened at $18.80 on Friday. Sunrun Inc. has a 12-month low of $5.38 and a 12-month high of $21.08. The firm has a 50-day moving average price of $15.76 and a 200-day moving average price of $10.90. The firm has a market capitalization of $4.34 billion, a PE ratio of -1.62 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 (NASDAQ:RUN) last released its quarterly earnings data on Wednesday, August 6th. The energy company reported $1.07 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.18) by $1.25. The company had revenue of $569.34 million during the quarter, compared to analysts’ expectations of $555.42 million. Sunrun had a negative net margin of 120.59% and a positive return on equity of 14.19%. The firm’s quarterly revenue was up 8.7% on a year-over-year basis. During the same period in the previous year, the company earned $0.55 EPS. As a group, equities research analysts forecast that Sunrun Inc. will post -0.43 EPS for the current year.

Institutional Investors Weigh In On Sunrun

Large investors have recently modified their holdings of the business. Wealth Enhancement Advisory Services LLC purchased a new position in shares of Sunrun in the 4th quarter worth approximately $94,000. GAMMA Investing LLC grew its position in shares of Sunrun by 572.1% in the 1st quarter. GAMMA Investing LLC now owns 71,896 shares of the energy company’s stock worth $421,000 after buying an additional 61,198 shares during the last quarter. OLD National Bancorp IN grew its position in shares of Sunrun by 15.2% in the 1st quarter. OLD National Bancorp IN now owns 169,271 shares of the energy company’s stock worth $992,000 after buying an additional 22,336 shares during the last quarter. Handelsbanken Fonder AB grew its position in shares of Sunrun by 40.9% in the 1st quarter. Handelsbanken Fonder AB now owns 1,338,168 shares of the energy company’s stock worth $7,842,000 after buying an additional 388,523 shares during the last quarter. Finally, Sowell Financial Services LLC purchased a new position in shares of Sunrun in the 1st quarter worth approximately $273,000. Institutional investors own 91.69% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have issued reports on RUN. Glj Research raised shares of Sunrun from a “sell” rating to a “hold” rating in a research report on Friday, August 15th. BNP Paribas Exane raised shares of Sunrun from a “neutral” rating to an “outperform” rating and set a $21.00 price objective for the company in a research report on Monday, July 7th. Wells Fargo & Company boosted their price objective on shares of Sunrun from $8.00 to $14.00 and gave the company an “overweight” rating in a research report on Thursday, August 14th. Susquehanna boosted their price objective on shares of Sunrun from $12.00 to $13.00 and gave the company a “positive” rating in a research report on Thursday, August 7th. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Sunrun from $11.00 to $20.00 and gave the company a “hold” rating in a research report on Wednesday, October 1st. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, nine have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $15.77.

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.