Paul S. Dickson Sells 19,343 Shares of Sunrun Inc. (NASDAQ:RUN) Stock

Sunrun Inc. (NASDAQ:RUN - Get Free Report) CRO Paul S. Dickson sold 19,343 shares of Sunrun stock in a transaction on Monday, April 7th. The shares were sold at an average price of $6.74, for a total transaction of $130,371.82. Following the completion of the transaction, the executive now owns 399,729 shares in the company, valued at approximately $2,694,173.46. This trade represents a 4.62 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Sunrun Stock Up 4.3 %

Sunrun stock traded up $0.26 during midday trading on Friday, reaching $6.29. The stock had a trading volume of 8,182,374 shares, compared to its average volume of 10,763,659. The firm's fifty day simple moving average is $7.17 and its 200-day simple moving average is $10.18. 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 stock has a market capitalization of $1.42 billion, a P/E ratio of -3.46 and a beta of 2.74. Sunrun Inc. has a 1-year low of $5.45 and a 1-year high of $22.26.

Analyst Ratings Changes

Several analysts have recently commented on RUN shares. BNP Paribas raised Sunrun from a "neutral" rating to an "outperform" rating and set a $16.00 price target for the company in a report on Tuesday, January 7th. BMO Capital Markets reduced their target price on shares of Sunrun from $11.00 to $9.00 and set a "market perform" rating on the stock in a report on Monday, March 3rd. Truist Financial reaffirmed a "hold" rating and set a $9.00 price target (down previously from $12.00) on shares of Sunrun in a research report on Monday, March 3rd. JPMorgan Chase & Co. dropped their price objective on shares of Sunrun from $22.00 to $18.00 and set an "overweight" rating for the company in a research report on Thursday, January 23rd. Finally, Wells Fargo & Company cut their price objective on shares of Sunrun from $15.00 to $12.00 and set an "overweight" rating on the stock in a report on Wednesday, January 8th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $17.20.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of RUN. GAMMA Investing LLC boosted its stake in shares of Sunrun by 572.1% in the first quarter. GAMMA Investing LLC now owns 71,896 shares of the energy company's stock valued at $421,000 after buying an additional 61,198 shares during the period. Wealth Enhancement Advisory Services LLC acquired a new stake in shares of Sunrun during the 4th quarter worth $94,000. Sylebra Capital LLC increased its position in shares of Sunrun by 124.0% in the fourth quarter. Sylebra Capital LLC now owns 6,683,162 shares of the energy company's stock worth $61,819,000 after purchasing an additional 3,699,405 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Sunrun by 8.6% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 662,211 shares of the energy company's stock valued at $6,125,000 after purchasing an additional 52,176 shares in the last quarter. Finally, Vident Advisory LLC lifted its position in Sunrun by 76.9% during the fourth quarter. Vident Advisory LLC now owns 20,219 shares of the energy company's stock worth $187,000 after purchasing an additional 8,792 shares during the period. Institutional investors and hedge funds 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.