Sunrun (NASDAQ:RUN) Stock Price Down 5.2% on Insider Selling

Shares of Sunrun Inc. (NASDAQ:RUN) fell 5.2% on Wednesday after an insider sold shares in the company. The company traded as low as $8.81 and last traded at $8.75. 3,471,261 shares were traded during trading, a decline of 63% from the average session volume of 9,448,895 shares. The stock had previously closed at $9.22.

Specifically, Director Lynn Michelle Jurich sold 50,000 shares of Sunrun stock in a transaction dated Friday, January 17th. The stock was sold at an average price of $9.59, for a total transaction of $479,500.00. Following the transaction, the director now directly owns 991,753 shares in the company, valued at approximately $9,510,911.27. The trade was a 4.80 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the company. Barclays dropped their price target on Sunrun from $19.00 to $18.00 and set an “equal weight” rating on the stock in a research report on Wednesday, October 16th. Roth Mkm dropped their target price on shares of Sunrun from $35.00 to $30.00 and set a “buy” rating on the stock in a report on Friday, November 8th. Susquehanna reduced their price target on shares of Sunrun from $24.00 to $23.00 and set a “positive” rating for the company in a report on Wednesday, October 16th. UBS Group upgraded shares of Sunrun from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $14.00 to $17.00 in a report on Friday, January 10th. Finally, Jefferies Financial Group cut their price objective on shares of Sunrun from $31.00 to $29.00 and set a “buy” rating on the stock in a research report on Thursday, October 10th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat, Sunrun presently has an average rating of “Moderate Buy” and an average target price of $19.31.

Sunrun Stock Down 8.2 %

The company has a current ratio of 1.47, a quick ratio of 1.15 and a debt-to-equity ratio of 1.92. The firm’s 50 day moving average price is $10.25 and its two-hundred day moving average price is $14.60. The company has a market capitalization of $1.90 billion, a price-to-earnings ratio of -4.65 and a beta of 2.58.

Sunrun (NASDAQ:RUN) last announced its quarterly earnings results on Thursday, November 7th. The energy company reported ($0.37) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.21). Sunrun had a negative return on equity of 5.15% and a negative net margin of 18.80%. The business had revenue of $537.17 million for the quarter, compared to analyst estimates of $560.60 million. During the same period last year, the firm earned $0.40 EPS. Sell-side analysts anticipate that Sunrun Inc. will post -0.41 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Sunrun

A number of large investors have recently added to or reduced their stakes in the business. Creative Planning increased its holdings in shares of Sunrun by 0.3% in the third quarter. Creative Planning now owns 290,259 shares of the energy company’s stock valued at $5,242,000 after purchasing an additional 784 shares during the last quarter. Van ECK Associates Corp boosted its holdings in shares of Sunrun by 1.8% during the 3rd quarter. Van ECK Associates Corp now owns 50,105 shares of the energy company’s stock worth $905,000 after buying an additional 886 shares during the period. Blue Trust Inc. grew its stake in Sunrun by 385.5% in the 3rd quarter. Blue Trust Inc. now owns 1,845 shares of the energy company’s stock valued at $33,000 after buying an additional 1,465 shares during the last quarter. Mercer Global Advisors Inc. ADV raised its holdings in Sunrun by 3.1% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 49,762 shares of the energy company’s stock valued at $600,000 after acquiring an additional 1,485 shares during the period. Finally, International Assets Investment Management LLC lifted its position in Sunrun by 1,706.3% during the third quarter. International Assets Investment Management LLC now owns 1,734 shares of the energy company’s stock worth $31,000 after acquiring an additional 1,638 shares during the last quarter. Institutional investors own 91.69% of the company’s stock.

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.