Sunrun Inc. (NASDAQ:RUN) Shares Purchased by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. raised its position in shares of Sunrun Inc. (NASDAQ:RUN - Free Report) by 207.3% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,375,584 shares of the energy company's stock after acquiring an additional 927,947 shares during the period. Assenagon Asset Management S.A. owned approximately 0.62% of Sunrun worth $24,843,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Sylebra Capital LLC bought a new stake in Sunrun during the second quarter worth approximately $35,387,000. Vanguard Group Inc. raised its holdings in Sunrun by 14.0% during the 1st quarter. Vanguard Group Inc. now owns 22,325,106 shares of the energy company's stock valued at $294,245,000 after buying an additional 2,743,148 shares during the period. Greenvale Capital LLP lifted its position in Sunrun by 20.5% in the second quarter. Greenvale Capital LLP now owns 11,750,000 shares of the energy company's stock worth $139,355,000 after buying an additional 2,000,000 shares during the last quarter. Senator Investment Group LP purchased a new position in Sunrun during the second quarter worth $11,860,000. Finally, Norden Group LLC raised its stake in shares of Sunrun by 709.5% in the first quarter. Norden Group LLC now owns 957,072 shares of the energy company's stock valued at $12,614,000 after acquiring an additional 838,838 shares during the period. 91.69% of the stock is currently owned by institutional investors.

Sunrun Stock Up 2.6 %

Shares of NASDAQ RUN traded up $0.37 during mid-day trading on Friday, reaching $14.37. 8,307,146 shares of the company were exchanged, compared to its average volume of 11,860,986. The firm has a 50-day moving average of $17.90 and a 200 day moving average of $15.22. Sunrun Inc. has a 1 year low of $8.66 and a 1 year high of $22.26. The company has a quick ratio of 1.31, a current ratio of 1.66 and a debt-to-equity ratio of 1.84. The stock has a market cap of $3.19 billion, a price-to-earnings ratio of -2.15 and a beta of 2.58.

Sunrun (NASDAQ:RUN - Get Free Report) last released its quarterly earnings results on Tuesday, August 6th. The energy company reported $0.55 earnings per share for the quarter, beating analysts' consensus estimates of ($0.33) by $0.88. Sunrun had a negative net margin of 66.36% and a negative return on equity of 2.41%. The business had revenue of $523.87 million for the quarter, compared to analysts' expectations of $516.76 million. During the same period last year, the business earned $0.25 EPS. The company's revenue was down 11.2% compared to the same quarter last year. On average, research analysts expect that Sunrun Inc. will post -0.17 earnings per share for the current year.

Insider Buying and Selling at Sunrun

In other news, insider Jeanna Steele sold 24,161 shares of the firm's stock in a transaction on Wednesday, August 7th. The stock was sold at an average price of $19.24, for a total value of $464,857.64. Following the completion of the sale, the insider now owns 310,617 shares of the company's stock, valued at $5,976,271.08. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, insider Jeanna Steele sold 24,161 shares of the stock in a transaction that occurred on Wednesday, August 7th. The shares were sold at an average price of $19.24, for a total value of $464,857.64. Following the completion of the transaction, the insider now directly owns 310,617 shares of the company's stock, valued at $5,976,271.08. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Mary Powell sold 2,148 shares of Sunrun stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $18.79, for a total transaction of $40,360.92. Following the completion of the sale, the chief executive officer now owns 579,193 shares of the company's stock, valued at $10,883,036.47. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 180,001 shares of company stock worth $3,220,345 over the last three months. Corporate insiders own 3.76% of the company's stock.

Analyst Ratings Changes

Several brokerages have issued reports on RUN. Barclays decreased their price objective on shares of Sunrun from $19.00 to $18.00 and set an "equal weight" rating for the company in a research note on Wednesday, October 16th. BMO Capital Markets boosted their price objective on Sunrun from $17.00 to $20.00 and gave the company a "market perform" rating in a report on Wednesday, August 7th. Piper Sandler increased their target price on Sunrun from $20.00 to $23.00 and gave the stock an "overweight" rating in a research note on Wednesday, August 7th. Oppenheimer boosted their target price on shares of Sunrun from $19.00 to $22.00 and gave the company an "outperform" rating in a research note on Wednesday, August 7th. Finally, The Goldman Sachs Group reaffirmed a "buy" rating and issued a $20.00 price target on shares of Sunrun in a research note on Wednesday, September 25th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and eleven have assigned a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $22.79.

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.