Insider Selling: Sunrun (NASDAQ:RUN) Director Sells $680,500.00 in Stock

Sunrun Inc. (NASDAQ:RUN) Director Lynn Michelle Jurich sold 50,000 shares of the company’s stock in a transaction that occurred on Wednesday, July 1st. The shares were sold at an average price of $13.61, for a total value of $680,500.00. Following the completion of the transaction, the director directly owned 409,091 shares in the company, valued at approximately $5,567,728.51. The trade was a 10.89% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Monday, June 1st, Lynn Michelle Jurich sold 50,000 shares of Sunrun stock. The shares were sold at an average price of $15.92, for a total value of $796,000.00.
• On Friday, May 1st, Lynn Michelle Jurich sold 50,000 shares of Sunrun stock. The stock was sold at an average price of $12.89, for a total transaction of $644,500.00.

Sunrun Price Performance

Shares of NASDAQ:RUN opened at $12.74 on Friday. The firm has a market cap of $3.04 billion, a PE ratio of 5.98 and a beta of 2.32. The company has a fifty day simple moving average of $13.69 and a 200 day simple moving average of $15.44. The company has a current ratio of 1.45, a quick ratio of 1.09 and a debt-to-equity ratio of 3.44. Sunrun Inc. has a 12-month low of $9.01 and a 12-month high of $22.44.

Sunrun (NASDAQ:RUN) last posted its quarterly earnings data on Wednesday, May 6th. The energy company reported $0.62 EPS for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.67. The firm had revenue of $722.23 million for the quarter, compared to the consensus estimate of $688.50 million. Sunrun had a net margin of 17.88% and a return on equity of 14.06%. The firm’s revenue was up 43.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.20 EPS. On average, equities research analysts anticipate that Sunrun Inc. will post 1.09 EPS for the current fiscal year.

Hedge Funds Weigh In On Sunrun

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Farther Finance Advisors LLC grew its holdings in shares of Sunrun by 156.9% during the fourth quarter. Farther Finance Advisors LLC now owns 1,449 shares of the energy company’s stock valued at $27,000 after purchasing an additional 885 shares during the last quarter. Caitong International Asset Management Co. Ltd acquired a new position in Sunrun during the 4th quarter valued at approximately $27,000. Sycomore Asset Management acquired a new position in Sunrun during the 3rd quarter valued at approximately $28,000. Hantz Financial Services Inc. grew its stake in Sunrun by 59.1% during the 4th quarter. Hantz Financial Services Inc. now owns 1,519 shares of the energy company’s stock worth $28,000 after buying an additional 564 shares during the last quarter. Finally, Kestra Advisory Services LLC bought a new position in Sunrun during the 4th quarter worth $30,000. 91.69% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts recently weighed in on RUN shares. Weiss Ratings raised Sunrun from a “sell (d)” rating to a “sell (d+)” rating in a report on Wednesday, June 24th. JPMorgan Chase & Co. decreased their target price on Sunrun from $25.00 to $22.00 and set an “overweight” rating for the company in a research report on Thursday, April 16th. The Goldman Sachs Group reiterated a “buy” rating and issued a $18.00 price target on shares of Sunrun in a report on Thursday, May 7th. UBS Group reduced their price objective on Sunrun from $23.00 to $20.00 and set a “buy” rating on the stock in a research note on Tuesday, June 16th. Finally, Susquehanna decreased their price objective on shares of Sunrun from $24.00 to $19.00 and set a “positive” rating for the company in a report on Thursday, April 9th. Twelve research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $18.98.

Sunrun Company Profile

Sunrun, Inc (NASDAQ: RUN) is a leading provider of residential solar energy systems in the United States. The company designs, installs and maintains rooftop solar panels and battery storage solutions for homeowners under flexible financing arrangements. Customers can choose from leasing, power purchase agreements or solar ownership models, all of which are supported by Sunrun’s network of installation partners and service technicians. Sunrun also offers integrated home energy management services, including its Brightbox battery storage product, which enables customers to store solar energy for use during peak hours or power outages.

Founded in 2007 by Lynn Jurich, Ed Fenster and Nat Kreamer, Sunrun is headquartered in San Francisco, California.