Sunrun Inc. (NASDAQ:RUN) Director Lynn Michelle Jurich Sells 3,402 Shares

Sunrun Inc. (NASDAQ:RUN – Get Rating) Director Lynn Michelle Jurich sold 3,402 shares of the firm’s stock in a transaction on Wednesday, March 15th. The shares were sold at an average price of $19.07, for a total value of $64,876.14. Following the completion of the transaction, the director now owns 1,414,206 shares of the company’s stock, valued at approximately $26,968,908.42. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

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

• On Friday, March 17th, Lynn Michelle Jurich sold 2,986 shares of Sunrun stock. The shares were sold at an average price of $17.70, for a total value of $52,852.20.
• On Monday, March 6th, Lynn Michelle Jurich sold 2,784 shares of Sunrun stock. The shares were sold at an average price of $25.51, for a total value of $71,019.84.
• On Tuesday, February 28th, Lynn Michelle Jurich sold 40,000 shares of Sunrun stock. The shares were sold at an average price of $24.00, for a total value of $960,000.00.
• On Monday, December 19th, Lynn Michelle Jurich sold 4,196 shares of Sunrun stock. The shares were sold at an average price of $27.70, for a total value of $116,229.20.

Sunrun Trading Down 8.9 %

Shares of NASDAQ RUN traded down $1.69 during midday trading on Friday, hitting $17.32. The stock had a trading volume of 23,645,213 shares, compared to its average volume of 8,472,744. The company has a market capitalization of $3.71 billion, a price-to-earnings ratio of 22.49 and a beta of 2.30. Sunrun Inc. has a 1-year low of $16.69 and a 1-year high of $39.13. The company has a quick ratio of 1.14, a current ratio of 1.82 and a debt-to-equity ratio of 1.13. The company has a fifty day moving average price of $24.49 and a 200 day moving average price of $27.01.

Sunrun (NASDAQ:RUN – Get Rating) last released its quarterly earnings data on Wednesday, February 22nd. The energy company reported $0.29 earnings per share for the quarter, beating the consensus estimate of $0.03 by $0.26. The business had revenue of $609.20 million for the quarter, compared to analyst estimates of $588.89 million. Sunrun had a return on equity of 2.37% and a net margin of 7.47%. The company’s revenue was up 40.0% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.11) EPS. On average, analysts predict that Sunrun Inc. will post -0.18 earnings per share for the current year.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. Citigroup assumed coverage on Sunrun in a research report on Thursday, March 9th. They issued a “neutral” rating and a $27.00 price target for the company. Bank of America lifted their price objective on Sunrun from $40.00 to $46.00 and gave the stock a “buy” rating in a research report on Thursday, February 23rd. Truist Financial dropped their price objective on Sunrun from $52.00 to $35.00 and set a “buy” rating for the company in a research report on Tuesday, February 21st. Barclays cut Sunrun from an “overweight” rating to an “equal weight” rating and dropped their price objective for the stock from $44.00 to $35.00 in a research report on Wednesday, January 25th. Finally, Deutsche Bank Aktiengesellschaft dropped their price objective on Sunrun from $36.00 to $33.00 and set a “buy” rating for the company in a research report on Friday, February 24th. One research analyst has rated the stock with a sell rating, five have given a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $40.89.

Hedge Funds Weigh In On Sunrun

Hedge funds and other institutional investors have recently modified their holdings of the company. Nisa Investment Advisors LLC lifted its position in Sunrun by 64.1% during the 3rd quarter. Nisa Investment Advisors LLC now owns 1,149 shares of the energy company’s stock worth $28,000 after acquiring an additional 449 shares in the last quarter. SeaCrest Wealth Management LLC acquired a new position in Sunrun during the 2nd quarter worth approximately $31,000. Salem Investment Counselors Inc. lifted its position in Sunrun by 3,750.0% during the 1st quarter. Salem Investment Counselors Inc. now owns 1,540 shares of the energy company’s stock worth $47,000 after acquiring an additional 1,500 shares in the last quarter. RFP Financial Group LLC acquired a new position in Sunrun during the 4th quarter worth approximately $40,000. Finally, Castleview Partners LLC lifted its position in Sunrun by 2,235.6% during the 2nd quarter. Castleview Partners LLC now owns 2,032 shares of the energy company’s stock worth $87,000 after acquiring an additional 1,945 shares in the last quarter. 86.21% of the stock is owned by institutional investors and hedge funds.

About Sunrun

(Get Rating)

Sunrun, Inc engages in the design, development, installation, sale, ownership and maintenance of residential solar energy systems. It sells solar service offerings and installs solar energy systems for homeowners. Customers can access its products through three channels: direct-to-consumer, solar partnerships, and strategic partnerships.