Insider Selling: Sunrun (NASDAQ:RUN) Director Sells 50,000 Shares of Stock

Sunrun Inc. (NASDAQ:RUN) Director Lynn Michelle Jurich sold 50,000 shares of the firm’s stock in a transaction that occurred on Wednesday, October 1st. The shares were sold at an average price of $19.31, for a total transaction of $965,500.00. Following the completion of the transaction, the director owned 850,482 shares of the company’s stock, valued at $16,422,807.42. This trade represents a 5.55% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Lynn Michelle Jurich also recently made the following trade(s):

• On Monday, September 8th, Lynn Michelle Jurich sold 50,000 shares of Sunrun stock. The shares were sold at an average price of $17.44, for a total transaction of $872,000.00.
• On Monday, September 8th, Lynn Michelle Jurich sold 490 shares of Sunrun stock. The shares were sold at an average price of $16.92, for a total transaction of $8,290.80.

Sunrun Price Performance

RUN stock opened at $19.11 on Friday. The firm has a 50 day moving average of $14.86 and a 200-day moving average of $10.48. 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 Inc. has a 12 month low of $5.38 and a 12 month high of $20.02. The firm has a market capitalization of $4.41 billion, a P/E ratio of -1.65 and a beta of 2.41.

Sunrun (NASDAQ:RUN) last released its quarterly earnings data on Wednesday, August 6th. The energy company reported $1.07 EPS for the quarter, beating 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 company had revenue of $569.34 million during the quarter, compared to analyst estimates of $555.42 million. During the same period last year, the business earned $0.55 earnings per share. Sunrun’s revenue was up 8.7% compared to the same quarter last year. As a group, sell-side analysts predict that Sunrun Inc. will post -0.43 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in RUN. Smartleaf Asset Management LLC raised its stake in shares of Sunrun by 181.0% during the second quarter. Smartleaf Asset Management LLC now owns 4,130 shares of the energy company’s stock worth $34,000 after acquiring an additional 2,660 shares in the last quarter. Spire Wealth Management raised its stake in shares of Sunrun by 960.0% during the second quarter. Spire Wealth Management now owns 5,300 shares of the energy company’s stock worth $43,000 after acquiring an additional 4,800 shares in the last quarter. Nomura Asset Management Co. Ltd. increased its stake in shares of Sunrun by 87.1% in the second quarter. Nomura Asset Management Co. Ltd. now owns 5,800 shares of the energy company’s stock worth $47,000 after buying an additional 2,700 shares during the period. Apollon Wealth Management LLC purchased a new position in shares of Sunrun in the first quarter worth $60,000. Finally, US Bancorp DE increased its stake in shares of Sunrun by 107.6% in the first quarter. US Bancorp DE now owns 10,307 shares of the energy company’s stock worth $60,000 after buying an additional 5,342 shares during the period. 91.69% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. Royal Bank Of Canada upgraded 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 research report on Monday, August 18th. Cowen reiterated a “buy” rating on shares of Sunrun in a research report on Thursday, August 7th. BMO Capital Markets lifted their target price on shares of Sunrun from $8.00 to $10.00 and gave the company an “underperform” rating in a research report on Thursday, August 7th. Zacks Research upgraded shares of Sunrun from a “hold” rating to a “strong-buy” rating in a research report on Monday, September 8th. Finally, Wells Fargo & Company lifted their target price 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. Two analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating, nine have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $15.60.

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.