Jeanna Steele Sells 4,475 Shares of Sunrun (NASDAQ:RUN) Stock

Sunrun Inc. (NASDAQ:RUN) insider Jeanna Steele sold 4,475 shares of Sunrun stock in a transaction dated Wednesday, October 15th. The stock was sold at an average price of $21.71, for a total value of $97,152.25. Following the sale, the insider owned 361,789 shares in the company, valued at $7,854,439.19. This trade represents a 1.22% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

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

• On Thursday, October 9th, Jeanna Steele sold 21,037 shares of Sunrun stock. The shares were sold at an average price of $20.25, for a total value of $425,999.25.
• On Wednesday, October 8th, Jeanna Steele sold 1,526 shares of Sunrun stock. The stock was sold at an average price of $19.75, for a total value of $30,138.50.
• On Monday, October 6th, Jeanna Steele sold 4,440 shares of Sunrun stock. The shares were sold at an average price of $19.34, for a total value of $85,869.60.
• On Wednesday, October 1st, Jeanna Steele sold 20,426 shares of Sunrun stock. The shares were sold at an average price of $19.35, for a total value of $395,243.10.
• On Monday, September 8th, Jeanna Steele sold 1,433 shares of Sunrun stock. The shares were 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 shares were 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 Trading Down 3.1%

NASDAQ RUN opened at $19.51 on Friday. The firm’s fifty day moving average is $16.78 and its two-hundred day moving average is $11.43. Sunrun Inc. has a one year low of $5.38 and a one year high of $22.44. The company has a debt-to-equity ratio of 3.70, a quick ratio of 1.02 and a current ratio of 1.41. The firm has a market cap of $4.50 billion, a PE ratio of -1.68 and a beta of 2.41.

Sunrun (NASDAQ:RUN) last released its quarterly earnings results on Wednesday, August 6th. The energy company reported $1.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.18) by $1.25. The firm had revenue of $569.34 million for the quarter, compared to analyst estimates of $555.42 million. Sunrun had a positive return on equity of 14.19% and a negative net margin of 120.59%.The business’s revenue was up 8.7% on a year-over-year basis. During the same quarter last year, the company posted $0.55 earnings per share. Analysts expect that Sunrun Inc. will post -0.43 earnings per share for the current year.

Analysts Set New Price Targets

RUN has been the subject of several analyst reports. The Goldman Sachs Group upped their price target on Sunrun from $19.00 to $21.00 and gave the stock a “buy” rating in a research note on Wednesday, October 8th. UBS Group raised their target price on shares of Sunrun from $15.00 to $16.00 and gave the stock a “buy” rating in a research note on Friday, August 8th. Royal Bank Of Canada raised shares of Sunrun from a “sector perform” rating to an “outperform” rating and lifted their target price for the company from $12.00 to $16.00 in a report on Monday, August 18th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Sunrun in a research note on Wednesday, October 8th. Finally, BNP Paribas Exane upgraded 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. Two research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Sunrun currently has a consensus rating of “Moderate Buy” and a consensus price target of $17.08.

Institutional Trading of Sunrun

A number of institutional investors have recently added to or reduced their stakes in RUN. GAMMA Investing LLC increased its holdings in Sunrun by 572.1% in the first quarter. GAMMA Investing LLC now owns 71,896 shares of the energy company’s stock valued at $421,000 after buying an additional 61,198 shares in the last quarter. Sowell Financial Services LLC acquired a new stake in shares of Sunrun in the 1st quarter worth approximately $273,000. QRG Capital Management Inc. increased its stake in Sunrun by 120.4% in the 1st quarter. QRG Capital Management Inc. now owns 34,655 shares of the energy company’s stock valued at $203,000 after purchasing an additional 18,928 shares in the last quarter. Cambridge Investment Research Advisors Inc. raised its holdings in Sunrun by 19.6% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 30,758 shares of the energy company’s stock worth $180,000 after purchasing an additional 5,033 shares during the last quarter. Finally, Ridgecrest Wealth Partners LLC boosted its position in Sunrun by 6.3% during the first quarter. Ridgecrest Wealth Partners LLC now owns 85,000 shares of the energy company’s stock worth $498,000 after purchasing an additional 5,000 shares in the last quarter. Hedge funds and other institutional investors own 91.69% of the company’s stock.

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.