Sunrun Inc. (NASDAQ:RUN) Director Sells $10,252.16 in Stock

Sunrun Inc. (NASDAQ:RUN) Director Lynn Michelle Jurich sold 1,544 shares of the company’s stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $6.64, for a total value of $10,252.16. Following the completion of the sale, the director now directly owns 946,779 shares in the company, valued at approximately $6,286,612.56. The trade was a 0.16 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Wednesday, February 19th, Lynn Michelle Jurich sold 50,000 shares of Sunrun stock. The stock was sold at an average price of $9.10, for a total value of $455,000.00.
• On Friday, January 17th, Lynn Michelle Jurich sold 50,000 shares of Sunrun stock. The stock was sold at an average price of $9.59, for a total value of $479,500.00.
• On Thursday, December 19th, Lynn Michelle Jurich sold 50,000 shares of Sunrun stock. The stock was sold at an average price of $9.42, for a total value of $471,000.00.

Sunrun Stock Up 4.2 %

RUN stock opened at $7.16 on Friday. Sunrun Inc. has a fifty-two week low of $5.93 and a fifty-two week high of $22.26. The business’s 50-day moving average is $8.95 and its two-hundred day moving average is $12.63. The company has a debt-to-equity ratio of 1.92, a quick ratio of 1.15 and a current ratio of 1.47. The company has a market cap of $1.62 billion, a price-to-earnings ratio of -3.93 and a beta of 2.84.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on RUN. UBS Group reduced their price target on Sunrun from $17.00 to $15.00 and set a “buy” rating on the stock in a research note on Tuesday, March 4th. Barclays cut their target price on Sunrun from $18.00 to $15.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 28th. Royal Bank of Canada cut their target price on Sunrun from $17.00 to $14.00 and set an “outperform” rating on the stock in a research note on Monday, March 3rd. BMO Capital Markets cut their target price on Sunrun from $11.00 to $9.00 and set a “market perform” rating on the stock in a research note on Monday, March 3rd. Finally, Jefferies Financial Group cut their target price on Sunrun from $19.00 to $17.00 and set a “buy” rating on the stock in a research note on Tuesday, January 28th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $17.51.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Aster Capital Management DIFC Ltd bought a new position in shares of Sunrun in the fourth quarter worth about $29,000. International Assets Investment Management LLC grew its position in shares of 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 purchasing an additional 1,638 shares in the last quarter. Newbridge Financial Services Group Inc. grew its position in shares of Sunrun by 133.3% during the fourth quarter. Newbridge Financial Services Group Inc. now owns 3,500 shares of the energy company’s stock worth $32,000 after purchasing an additional 2,000 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in shares of Sunrun during the third quarter worth about $44,000. Finally, Summit Securities Group LLC purchased a new stake in shares of Sunrun during the fourth quarter worth about $53,000. Institutional investors own 91.69% of the company’s stock.

About Sunrun

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.