Shares of Sunrun Inc. (NASDAQ:RUN - Get Free Report) reached a new 52-week low during trading on Friday . The company traded as low as $8.22 and last traded at $8.39, with a volume of 8920361 shares. The stock had previously closed at $8.64.
Analyst Ratings Changes
Several brokerages recently issued reports on RUN. Piper Sandler downgraded Sunrun from an "overweight" rating to a "neutral" rating and lowered their price target for the company from $23.00 to $11.00 in a report on Friday, November 22nd. The Goldman Sachs Group lowered their price target on Sunrun from $19.00 to $17.00 and set a "buy" rating for the company in a report on Tuesday, December 17th. BMO Capital Markets lowered their price target on Sunrun from $20.00 to $11.00 and set a "market perform" rating for the company in a report on Monday, November 11th. Oppenheimer lowered their price target on Sunrun from $22.00 to $20.00 and set an "outperform" rating for the company in a report on Friday, November 8th. Finally, Guggenheim downgraded Sunrun from a "buy" rating to a "neutral" rating in a report on Thursday, November 7th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and fourteen have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $18.36.
Check Out Our Latest Analysis on RUN
Sunrun Stock Down 3.1 %
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 firm's 50-day moving average price is $9.75 and its 200 day moving average price is $13.87. The firm has a market cap of $1.82 billion, a P/E ratio of -4.45 and a beta of 2.59.
Insiders Place Their Bets
In other news, CFO Danny Abajian sold 3,734 shares of Sunrun stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $11.18, for a total transaction of $41,746.12. Following the sale, the chief financial officer now owns 257,969 shares of the company's stock, valued at approximately $2,884,093.42. The trade was a 1.43 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Lynn Michelle Jurich sold 50,000 shares of Sunrun stock in a transaction that occurred on Thursday, December 19th. The shares were sold at an average price of $9.42, for a total value of $471,000.00. Following the sale, the director now directly owns 1,041,753 shares in the company, valued at approximately $9,813,313.26. This trade represents a 4.58 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 164,830 shares of company stock valued at $1,614,147 over the last quarter. Insiders own 3.77% of the company's stock.
Institutional Inflows and Outflows
A number of hedge funds have recently made changes to their positions in RUN. International Assets Investment Management LLC grew its position in 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 during the last quarter. Newbridge Financial Services Group Inc. grew its position in Sunrun by 133.3% in the fourth quarter. Newbridge Financial Services Group Inc. now owns 3,500 shares of the energy company's stock worth $32,000 after buying an additional 2,000 shares during the last quarter. Blue Trust Inc. grew its position in Sunrun by 385.5% in the third quarter. Blue Trust Inc. now owns 1,845 shares of the energy company's stock worth $33,000 after buying an additional 1,465 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new position in Sunrun in the third quarter worth approximately $44,000. Finally, Union Bancaire Privee UBP SA acquired a new position in Sunrun in the 4th quarter worth approximately $56,000. Institutional investors and hedge funds own 91.69% of the company's stock.
About Sunrun
(
Get Free Report)
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.
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