Jeanna Steele Sells 1,686 Shares of Sunrun Inc. (NASDAQ:RUN) Stock

Sunrun Inc. (NASDAQ:RUN) insider Jeanna Steele sold 1,686 shares of the company’s stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of $6.64, for a total transaction of $11,195.04. Following the completion of the transaction, the insider now directly owns 301,180 shares in the company, valued at $1,999,835.20. The trade was a 0.56 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Jeanna Steele also recently made the following trade(s):

• On Monday, January 6th, Jeanna Steele sold 2,012 shares of Sunrun stock. The shares were sold at an average price of $11.18, for a total transaction of $22,494.16.

Sunrun Stock Performance

Shares of RUN opened at $7.16 on Friday. The stock has a 50 day moving average price of $9.01 and a 200 day moving average price of $12.77. The company has a quick ratio of 1.15, a current ratio of 1.47 and a debt-to-equity ratio of 1.92. The company has a market capitalization of $1.61 billion, a price-to-earnings ratio of -3.93 and a beta of 2.59. Sunrun Inc. has a 52-week low of $5.93 and a 52-week high of $22.26.

Wall Street Analyst Weigh In

RUN has been the topic of a number of recent analyst reports. Morgan Stanley decreased their target price on shares of Sunrun from $35.00 to $27.00 and set an “overweight” rating on the stock in a research report on Friday, November 15th. Barclays decreased their target price on shares of Sunrun from $18.00 to $15.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 28th. Truist Financial reiterated a “hold” rating and set a $9.00 price target (down from $12.00) on shares of Sunrun in a research note on Monday, March 3rd. JPMorgan Chase & Co. cut their price target on shares of Sunrun from $22.00 to $18.00 and set an “overweight” rating on the stock in a research note on Thursday, January 23rd. Finally, BNP Paribas upgraded shares of Sunrun from a “neutral” rating to an “outperform” rating and set a $16.00 price target on the stock in a research note on Tuesday, January 7th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat, Sunrun currently has an average rating of “Moderate Buy” and an average target price of $17.51.

Hedge Funds Weigh In On Sunrun

A number of institutional investors and hedge funds have recently added to or reduced their stakes in RUN. Aster Capital Management DIFC Ltd acquired a new stake in shares of Sunrun in the fourth quarter valued at approximately $29,000. International Assets Investment Management LLC boosted its holdings in shares of Sunrun by 1,706.3% in the third quarter. International Assets Investment Management LLC now owns 1,734 shares of the energy company’s stock valued at $31,000 after acquiring an additional 1,638 shares during the period. Newbridge Financial Services Group Inc. boosted its holdings in shares of Sunrun by 133.3% in the fourth quarter. Newbridge Financial Services Group Inc. now owns 3,500 shares of the energy company’s stock valued at $32,000 after acquiring an additional 2,000 shares during the period. Wilmington Savings Fund Society FSB acquired a new stake in shares of Sunrun in the third quarter valued at approximately $44,000. Finally, Summit Securities Group LLC acquired a new stake in shares of Sunrun in the fourth quarter valued at approximately $53,000. 91.69% of the stock is owned by institutional investors and hedge funds.

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.