Diversify Wealth Management LLC Acquires 44,639 Shares of Sunrun Inc. (NASDAQ:RUN)

Diversify Wealth Management LLC raised its holdings in Sunrun Inc. (NASDAQ:RUN - Free Report) by 21.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 257,235 shares of the energy company's stock after purchasing an additional 44,639 shares during the period. Diversify Wealth Management LLC owned 0.12% of Sunrun worth $4,646,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. 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 worth $31,000 after buying an additional 1,638 shares in the last quarter. Blue Trust Inc. boosted its stake in shares of Sunrun by 385.5% during the third quarter. Blue Trust Inc. now owns 1,845 shares of the energy company's stock valued at $33,000 after purchasing an additional 1,465 shares during the period. Duncker Streett & Co. Inc. bought a new stake in Sunrun in the 2nd quarter worth $36,000. BNP Paribas purchased a new position in Sunrun during the 1st quarter valued at about $37,000. Finally, CWM LLC raised its position in Sunrun by 883.9% during the 2nd quarter. CWM LLC now owns 3,355 shares of the energy company's stock valued at $40,000 after purchasing an additional 3,014 shares during the last quarter. 91.69% of the stock is currently owned by hedge funds and other institutional investors.

Sunrun Stock Performance

Shares of NASDAQ:RUN traded down $0.05 during midday trading on Wednesday, reaching $14.09. 4,930,937 shares of the company's stock traded hands, compared to its average volume of 11,801,127. The company has a debt-to-equity ratio of 1.84, a quick ratio of 1.31 and a current ratio of 1.66. Sunrun Inc. has a one year low of $8.82 and a one year high of $22.26. The company has a market cap of $3.12 billion, a price-to-earnings ratio of -2.11 and a beta of 2.58. The stock has a 50 day moving average of $17.57 and a 200 day moving average of $15.27.

Sunrun (NASDAQ:RUN - Get Free Report) last posted its earnings results on Tuesday, August 6th. The energy company reported $0.55 earnings per share (EPS) for the quarter, beating the consensus estimate 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 quarter in the prior year, the business earned $0.25 EPS. The business's revenue for the quarter was down 11.2% compared to the same quarter last year. As a group, equities research analysts anticipate that Sunrun Inc. will post -0.17 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on RUN. UBS Group boosted their price objective on shares of Sunrun from $14.00 to $18.00 and gave the company a "neutral" rating in a research report on Wednesday, August 7th. Evercore ISI cut their price objective on Sunrun from $42.00 to $38.00 and set an "outperform" rating on the stock in a research report on Wednesday, August 7th. JPMorgan Chase & Co. increased their target price on Sunrun from $19.00 to $22.00 and gave the stock an "overweight" rating in a research report on Wednesday, August 7th. StockNews.com raised Sunrun to a "sell" rating in a research note on Friday, September 27th. Finally, Susquehanna decreased their price objective on Sunrun from $24.00 to $23.00 and set a "positive" rating for the company in a report on Wednesday, October 16th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, Sunrun presently has an average rating of "Hold" and an average target price of $22.79.

Insider Buying and Selling

In other news, insider Jeanna Steele sold 24,161 shares of the stock in a transaction on Wednesday, August 7th. The stock was sold at an average price of $19.24, for a total transaction of $464,857.64. Following the transaction, the insider now directly owns 310,617 shares of the company's stock, valued at $5,976,271.08. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other Sunrun 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 transaction, the insider now directly owns 310,617 shares in the company, valued at approximately $5,976,271.08. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Gerald Alan Risk sold 9,045 shares of Sunrun stock in a transaction on Monday, August 19th. The shares were sold at an average price of $20.04, for a total value of $181,261.80. Following the transaction, the director now owns 334,761 shares in the company, valued at $6,708,610.44. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 180,001 shares of company stock worth $3,220,345. 3.76% of the stock is owned by insiders.

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.