Sunrun Inc. (NASDAQ:RUN) Insider Sells $11,195.04 in Stock

Sunrun Inc. (NASDAQ:RUN) insider Jeanna Steele sold 1,686 shares of the stock in a transaction that occurred on Thursday, March 6th. The stock was sold at an average price of $6.64, for a total value of $11,195.04. Following the sale, the insider now directly owns 301,180 shares of the company’s stock, valued at approximately $1,999,835.20. The trade was a 0.56 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

Jeanna Steele also recently made the following trade(s):

• On Monday, January 6th, Jeanna Steele sold 2,012 shares of Sunrun stock. The shares were sold at an average price of $11.18, for a total transaction of $22,494.16.

Sunrun Stock Performance

Sunrun stock traded up $0.29 during midday trading on Friday, reaching $7.16. 15,127,162 shares of the company’s stock were exchanged, compared to its average volume of 11,094,926. The company has a debt-to-equity ratio of 1.92, a quick ratio of 1.15 and a current ratio of 1.47. The stock’s 50-day simple moving average is $9.01 and its 200 day simple moving average is $12.77. The firm has a market cap of $1.61 billion, a price-to-earnings ratio of -3.93 and a beta of 2.59. Sunrun Inc. has a 52 week low of $5.93 and a 52 week high of $22.26.

Analysts Set New Price Targets

Several research firms recently commented on RUN. StockNews.com raised shares of Sunrun to a “sell” rating in a research report on Friday, December 20th. Piper Sandler lowered Sunrun from an “overweight” rating to a “neutral” rating and cut their price target for the company from $23.00 to $11.00 in a report on Friday, November 22nd. Oppenheimer reduced their price objective on Sunrun from $22.00 to $20.00 and set an “outperform” rating for the company in a research report on Friday, November 8th. The Goldman Sachs Group dropped their target price on Sunrun from $17.00 to $15.00 and set a “buy” rating on the stock in a research report on Monday. Finally, JPMorgan Chase & Co. reduced their price target on Sunrun from $22.00 to $18.00 and set an “overweight” rating for the company in a research report on Thursday, January 23rd. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $17.51.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in RUN. Van ECK Associates Corp boosted its position in Sunrun by 1.8% during the third quarter. Van ECK Associates Corp now owns 50,105 shares of the energy company’s stock worth $905,000 after purchasing an additional 886 shares during the period. CIBC Asset Management Inc lifted its stake in shares of Sunrun by 5.8% during the 4th quarter. CIBC Asset Management Inc now owns 24,774 shares of the energy company’s stock worth $229,000 after buying an additional 1,360 shares during the last quarter. International Assets Investment Management LLC boosted its holdings in shares of Sunrun by 1,706.3% during the 3rd quarter. International Assets Investment Management LLC now owns 1,734 shares of the energy company’s stock worth $31,000 after buying an additional 1,638 shares during the period. Guggenheim Capital LLC grew its stake in Sunrun by 6.8% in the 4th quarter. Guggenheim Capital LLC now owns 27,321 shares of the energy company’s stock valued at $253,000 after buying an additional 1,749 shares during the last quarter. Finally, Drive Wealth Management LLC raised its holdings in Sunrun by 4.5% in the 3rd quarter. Drive Wealth Management LLC now owns 43,327 shares of the energy company’s stock valued at $782,000 after acquiring an additional 1,884 shares during the period. 91.69% of the stock is owned by institutional investors and hedge funds.

Sunrun Company Profile

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.