Insider Selling: Sunrun Inc. (NASDAQ:RUN) Director Sells 1,544 Shares of Stock

Sunrun Inc. (NASDAQ:RUN - Get Free Report) Director Lynn Michelle Jurich sold 1,544 shares of the firm's stock in a transaction on Thursday, March 6th. The shares were sold at an average price of $6.64, for a total value of $10,252.16. Following the sale, the director now directly owns 946,779 shares of the company's stock, valued at approximately $6,286,612.56. This represents a 0.16 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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 shares were 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 shares were sold at an average price of $9.42, for a total value of $471,000.00.

Sunrun Price Performance

Shares of NASDAQ RUN traded up $0.29 during mid-day trading on Friday, reaching $7.16. 15,127,162 shares of the company were exchanged, compared to its average volume of 11,094,926. The stock has a market capitalization of $1.62 billion, a PE ratio of -3.93 and a beta of 2.84. The company has a quick ratio of 1.15, a current ratio of 1.47 and a debt-to-equity ratio of 1.92. Sunrun Inc. has a 52 week low of $5.93 and a 52 week high of $22.26. The company's 50 day moving average price is $8.95 and its 200 day moving average price is $12.63.

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Analysts Set New Price Targets

Several research firms have commented on RUN. Truist Financial reaffirmed a "hold" rating and set a $9.00 price objective (down from $12.00) on shares of Sunrun in a report on Monday, March 3rd. BMO Capital Markets dropped their price target on shares of Sunrun from $11.00 to $9.00 and set a "market perform" rating on the stock in a research note on Monday, March 3rd. Piper Sandler lowered shares of Sunrun from an "overweight" rating to a "neutral" rating and reduced their price objective for the company from $23.00 to $11.00 in a research note on Friday, November 22nd. Wells Fargo & Company lowered their target price 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. Finally, 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. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat.com, Sunrun has a consensus rating of "Moderate Buy" and a consensus target price of $17.51.

Institutional Investors Weigh In On Sunrun

Hedge funds have recently added to or reduced their stakes in the company. Aster Capital Management DIFC Ltd bought a new stake in Sunrun in the 4th quarter worth approximately $29,000. International Assets Investment Management LLC raised its stake 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 acquiring an additional 1,638 shares in the last quarter. Newbridge Financial Services Group Inc. lifted its holdings in shares of Sunrun by 133.3% in the 4th quarter. Newbridge Financial Services Group Inc. now owns 3,500 shares of the energy company's stock worth $32,000 after acquiring an additional 2,000 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in shares of Sunrun in the 3rd quarter valued at $44,000. Finally, Summit Securities Group LLC purchased a new stake in shares of Sunrun in the 4th quarter valued at $53,000. Institutional investors own 91.69% of the company's stock.

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.