Sunrun Inc. (NASDAQ:RUN) Director Lynn Michelle Jurich Sells 50,000 Shares

Sunrun Inc. (NASDAQ:RUN) Director Lynn Michelle Jurich sold 50,000 shares of the company’s stock in a transaction on Thursday, December 19th. The stock was sold at an average price of $9.42, for a total value of $471,000.00. Following the sale, the director now owns 1,041,753 shares of the company’s stock, valued at approximately $9,813,313.26. The trade was a 4.58 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Tuesday, November 19th, Lynn Michelle Jurich sold 50,000 shares of Sunrun stock. The shares were sold at an average price of $9.94, for a total value of $497,000.00.
• On Friday, October 18th, Lynn Michelle Jurich sold 50,000 shares of Sunrun stock. The stock was sold at an average price of $14.60, for a total value of $730,000.00.

Sunrun Stock Down 0.2 %

Shares of RUN stock traded down $0.02 during mid-day trading on Thursday, reaching $9.13. 12,913,688 shares of the company were exchanged, compared to its average volume of 11,687,216. 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 business’s 50 day simple moving average is $12.09 and its 200 day simple moving average is $15.12. The company has a market capitalization of $2.05 billion, a P/E ratio of -5.02 and a beta of 2.54. Sunrun Inc. has a fifty-two week low of $9.08 and a fifty-two week high of $22.26.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in RUN. Principal Financial Group Inc. lifted its holdings in Sunrun by 33.7% during the 3rd quarter. Principal Financial Group Inc. now owns 1,460,949 shares of the energy company’s stock worth $26,385,000 after buying an additional 367,835 shares during the last quarter. Franklin Resources Inc. acquired a new stake in shares of Sunrun during the 3rd quarter valued at approximately $896,000. Wilmington Savings Fund Society FSB bought a new position in Sunrun during the third quarter worth $44,000. Virtu Financial LLC acquired a new position in Sunrun in the third quarter worth $482,000. Finally, TCW Group Inc. acquired a new position in Sunrun in the third quarter worth $218,000. 91.69% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. Glj Research reiterated a “sell” rating and set a $7.78 target price on shares of Sunrun in a report on Thursday, November 7th. Guggenheim downgraded shares of Sunrun from a “buy” rating to a “neutral” rating in a research note on Thursday, November 7th. BMO Capital Markets cut their target price on shares of Sunrun from $20.00 to $11.00 and set a “market perform” rating on the stock in a research note on Monday, November 11th. TD Cowen began coverage on shares of Sunrun in a report on Thursday. They set a “buy” rating and a $21.00 target price on the stock. Finally, The Goldman Sachs Group lowered their price target on Sunrun from $19.00 to $17.00 and set a “buy” rating for the company in a report on Tuesday. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $19.21.

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.