Sunrun Inc. (NASDAQ:RUN) CFO Danny Abajian Sells 1,604 Shares

Sunrun Inc. (NASDAQ:RUN) CFO Danny Abajian sold 1,604 shares of the stock in a transaction that occurred on Friday, June 6th. The shares were sold at an average price of $8.23, for a total transaction of $13,200.92. Following the sale, the chief financial officer now directly owns 458,100 shares of the company’s stock, valued at $3,770,163. This represents a 0.35% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Danny Abajian also recently made the following trade(s):

• On Monday, April 7th, Danny Abajian sold 16,927 shares of Sunrun stock. The shares were sold at an average price of $6.74, for a total transaction of $114,087.98.

Sunrun Price Performance

Shares of RUN opened at $8.70 on Thursday. Sunrun Inc. has a 12-month low of $5.45 and a 12-month high of $22.26. The business’s fifty day moving average is $7.92 and its 200 day moving average is $8.53. The company has a quick ratio of 1.15, a current ratio of 1.47 and a debt-to-equity ratio of 1.92. The stock has a market cap of $1.99 billion, a P/E ratio of -4.78 and a beta of 2.61.

Sunrun (NASDAQ:RUN) last issued its earnings results on Wednesday, May 7th. The energy company reported $0.20 earnings per share (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 company had revenue of $504.27 million for the quarter, compared to analysts’ expectations of $487.29 million. During the same period last year, the business earned ($0.40) EPS. Sunrun’s quarterly revenue was up 10.1% compared to the same quarter last year. Sell-side analysts anticipate that Sunrun Inc. will post -0.43 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Sunrun

Several large investors have recently bought and sold shares of RUN. Aster Capital Management DIFC Ltd bought a new position in Sunrun during the 4th quarter valued at $29,000. Newbridge Financial Services Group Inc. lifted its stake in Sunrun by 133.3% during the 4th quarter. Newbridge Financial Services Group Inc. now owns 3,500 shares of the energy company’s stock valued at $32,000 after acquiring an additional 2,000 shares in the last quarter. Summit Securities Group LLC bought a new position in Sunrun during the 4th quarter valued at $53,000. Union Bancaire Privee UBP SA bought a new position in Sunrun during the 4th quarter valued at $56,000. Finally, Apollon Wealth Management LLC bought a new position in Sunrun during the 1st quarter valued at $60,000. 91.69% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. Glj Research raised shares of Sunrun from a “strong sell” rating to a “hold” rating and set a $7.78 price objective for the company in a research report on Friday, May 30th. Susquehanna reduced their price objective on shares of Sunrun from $13.00 to $10.00 and set a “positive” rating for the company in a research report on Monday, April 14th. Roth Capital set a $20.00 price objective on shares of Sunrun in a research report on Friday, February 28th. Mizuho set a $13.00 price objective on shares of Sunrun and gave the stock an “outperform” rating in a research report on Monday, June 2nd. Finally, BNP Paribas Exane downgraded shares of Sunrun from an “outperform” rating to a “neutral” rating and set a $10.00 price objective for the company. in a research report on Thursday, May 22nd. Three research analysts have rated the stock with a sell rating, ten have assigned a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $14.06.

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.