Danny Abajian Sells 2,180 Shares of Sunrun (NASDAQ:RUN) Stock

Sunrun Inc. (NASDAQ:RUN) CFO Danny Abajian sold 2,180 shares of the company’s stock in a transaction dated Monday, September 8th. The stock was sold at an average price of $16.93, for a total transaction of $36,907.40. Following the completion of the sale, the chief financial officer directly owned 435,479 shares in the company, valued at approximately $7,372,659.47. The trade was a 0.50% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

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

• On Monday, July 7th, Danny Abajian sold 8,909 shares of Sunrun stock. The stock was sold at an average price of $10.80, for a total transaction of $96,217.20.

Sunrun Stock Down 1.2%

RUN opened at $16.01 on Friday. Sunrun Inc. has a twelve month low of $5.38 and a twelve month high of $21.77. The firm’s 50-day simple moving average is $12.75 and its 200-day simple moving average is $9.34. 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 $3.69 billion, a price-to-earnings ratio of -1.38 and a beta of 2.21.

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

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the stock. JPMorgan Chase & Co. increased their price objective on shares of Sunrun from $16.00 to $20.00 and gave the stock an “overweight” rating in a report on Thursday, August 7th. Glj Research raised shares of Sunrun from a “sell” rating to a “hold” rating in a report on Friday, August 15th. Susquehanna increased their price objective on shares of Sunrun from $12.00 to $13.00 and gave the stock a “positive” rating in a report on Thursday, August 7th. Royal Bank Of Canada raised shares of Sunrun from a “sector perform” rating to an “outperform” rating and increased their price objective for the stock from $12.00 to $16.00 in a report on Monday, August 18th. Finally, The Goldman Sachs Group upped their target price on shares of Sunrun from $15.00 to $19.00 and gave the company a “buy” rating in a research report on Thursday. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Sunrun has a consensus rating of “Moderate Buy” and a consensus price target of $14.81.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Sunrun by 8.6% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 662,211 shares of the energy company’s stock valued at $6,125,000 after purchasing an additional 52,176 shares during the period. Sowell Financial Services LLC acquired a new stake in shares of Sunrun in the 1st quarter valued at approximately $273,000. GAMMA Investing LLC raised 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 valued at $421,000 after acquiring an additional 61,198 shares during the period. Public Sector Pension Investment Board raised its position in shares of Sunrun by 27.1% in the 1st quarter. Public Sector Pension Investment Board now owns 711,391 shares of the energy company’s stock valued at $4,169,000 after acquiring an additional 151,474 shares during the period. Finally, Principal Financial Group Inc. raised its position in shares of Sunrun by 2.7% in the 1st quarter. Principal Financial Group Inc. now owns 1,116,909 shares of the energy company’s stock valued at $6,545,000 after acquiring an additional 29,227 shares during the period. 91.69% of the stock is currently owned by institutional investors and hedge funds.

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.