Townsquare Capital LLC Buys 68,481 Shares of Sunrun Inc. (NASDAQ:RUN)

Townsquare Capital LLC boosted its holdings in shares of Sunrun Inc. (NASDAQ:RUN - Free Report) by 37.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 251,338 shares of the energy company's stock after buying an additional 68,481 shares during the period. Townsquare Capital LLC owned about 0.11% of Sunrun worth $2,325,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of RUN. MML Investors Services LLC lifted its position in shares of Sunrun by 9.3% during the 3rd quarter. MML Investors Services LLC now owns 43,313 shares of the energy company's stock worth $782,000 after buying an additional 3,689 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Sunrun by 0.6% during the third quarter. Geode Capital Management LLC now owns 5,315,667 shares of the energy company's stock valued at $96,019,000 after acquiring an additional 30,549 shares during the period. Virtu Financial LLC acquired a new stake in shares of Sunrun in the 3rd quarter valued at $482,000. Wilmington Savings Fund Society FSB bought a new stake in shares of Sunrun in the 3rd quarter worth about $44,000. Finally, Franklin Resources Inc. acquired a new stake in shares of Sunrun during the 3rd quarter worth about $896,000. Institutional investors own 91.69% of the company's stock.

Sunrun Trading Down 6.9 %

RUN traded down $0.48 during mid-day trading on Monday, hitting $6.38. The stock had a trading volume of 1,753,597 shares, compared to its average volume of 11,509,096. Sunrun Inc. has a 1-year low of $5.45 and a 1-year high of $22.26. The firm has a market capitalization of $1.44 billion, a price-to-earnings ratio of -3.50 and a beta of 2.74. The company has a debt-to-equity ratio of 1.92, a current ratio of 1.47 and a quick ratio of 1.15. The stock's fifty day simple moving average is $7.00 and its 200-day simple moving average is $9.80.

Insider Buying and Selling at Sunrun

In related news, CFO Danny Abajian sold 16,927 shares of the stock in a transaction dated Monday, April 7th. The stock was sold at an average price of $6.74, for a total transaction of $114,087.98. Following the completion of the transaction, the chief financial officer now directly owns 231,279 shares in the company, valued at approximately $1,558,820.46. This trade represents a 6.82 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Lynn Michelle Jurich sold 50,000 shares of the business's stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $9.10, for a total value of $455,000.00. Following the completion of the sale, the director now owns 941,753 shares in the company, valued at $8,569,952.30. The trade was a 5.04 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 138,540 shares of company stock valued at $1,050,944. Company insiders own 3.77% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have commented on RUN. Truist Financial restated a "hold" rating and issued a $6.00 price target (down from $9.00) on shares of Sunrun in a research report on Wednesday, April 16th. Wells Fargo & Company cut their price objective on Sunrun from $15.00 to $12.00 and set an "overweight" rating for the company in a research report on Wednesday, January 8th. Jefferies Financial Group lowered Sunrun from a "buy" rating to a "hold" rating and lowered their target price for the company from $14.00 to $8.00 in a research note on Wednesday, March 12th. TD Cowen reduced their price target on shares of Sunrun from $18.00 to $14.00 and set a "buy" rating on the stock in a research report on Friday, February 28th. Finally, Barclays lowered their price objective on shares of Sunrun from $18.00 to $15.00 and set an "equal weight" rating for the company in a research report on Tuesday, January 28th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and twelve have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Sunrun has a consensus rating of "Hold" and a consensus target price of $15.68.

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.