Paul S. Dickson Sells 1,642 Shares of Sunrun Inc. (NASDAQ:RUN) Stock

Sunrun Inc. (NASDAQ:RUN - Get Free Report) CRO Paul S. Dickson sold 1,642 shares of Sunrun stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $6.65, for a total transaction of $10,919.30. Following the transaction, the executive now owns 419,072 shares in the company, valued at approximately $2,786,828.80. This trade represents a 0.39 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

Sunrun Stock Up 4.2 %

NASDAQ RUN traded up $0.29 during mid-day trading on Friday, hitting $7.16. The company's stock had a trading volume of 15,127,162 shares, compared to its average volume of 11,094,926. The firm has a market capitalization of $1.62 billion, a price-to-earnings ratio of -3.93 and a beta of 2.84. The company's 50 day simple moving average is $8.95 and its 200 day simple moving average is $12.63. The company has a current ratio of 1.47, a quick ratio of 1.15 and a debt-to-equity ratio of 1.92. Sunrun Inc. has a twelve month low of $5.93 and a twelve month high of $22.26.

Analysts Set New Price Targets

Several brokerages have recently weighed in on RUN. JPMorgan Chase & Co. decreased their price target on Sunrun from $22.00 to $18.00 and set an "overweight" rating for the company in a research note on Thursday, January 23rd. Truist Financial restated a "hold" rating and set a $9.00 price target (down previously from $12.00) on shares of Sunrun in a report on Monday, March 3rd. Royal Bank of Canada reduced their price objective on shares of Sunrun from $17.00 to $14.00 and set an "outperform" rating on the stock in a research note on Monday, March 3rd. Jefferies Financial Group lowered their target price on shares of Sunrun from $19.00 to $17.00 and set a "buy" rating for the company in a research note on Tuesday, January 28th. Finally, Barclays dropped their target price on shares of Sunrun from $18.00 to $15.00 and set an "equal weight" rating on the stock in a report on Tuesday, January 28th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and fourteen have given a buy rating to the company's stock. Based on data from MarketBeat, Sunrun currently has an average rating of "Moderate Buy" and a consensus price target of $17.51.

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Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Van ECK Associates Corp raised its holdings in shares of Sunrun by 1.8% in the 3rd quarter. Van ECK Associates Corp now owns 50,105 shares of the energy company's stock worth $905,000 after acquiring an additional 886 shares during the last quarter. CIBC Asset Management Inc raised its stake in shares of Sunrun by 5.8% in the fourth quarter. CIBC Asset Management Inc now owns 24,774 shares of the energy company's stock worth $229,000 after purchasing an additional 1,360 shares during the last quarter. International Assets Investment Management LLC lifted 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 purchasing an additional 1,638 shares in the last quarter. Guggenheim Capital LLC boosted its position in shares of Sunrun by 6.8% during the fourth quarter. Guggenheim Capital LLC now owns 27,321 shares of the energy company's stock valued at $253,000 after buying an additional 1,749 shares during the last quarter. Finally, Drive Wealth Management LLC grew its holdings in Sunrun by 4.5% during the third quarter. Drive Wealth Management LLC now owns 43,327 shares of the energy company's stock worth $782,000 after buying an additional 1,884 shares in the last quarter. 91.69% of the stock is currently owned by institutional investors and hedge funds.

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.