Sunrun (NASDAQ:RUN) Trading Down 5.2% Following Insider Selling

Sunrun Inc. (NASDAQ:RUN - Get Free Report) shares fell 5.2% on Wednesday following insider selling activity. The company traded as low as $8.81 and last traded at $8.75. 3,471,261 shares changed hands during trading, a decline of 63% from the average session volume of 9,448,895 shares. The stock had previously closed at $9.22.

Specifically, Director Lynn Michelle Jurich sold 50,000 shares of the stock in a transaction dated Friday, January 17th. The shares were sold at an average price of $9.59, for a total transaction of $479,500.00. Following the sale, the director now owns 991,753 shares of the company's stock, valued at $9,510,911.27. This represents a 4.80 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Piper Sandler lowered Sunrun from an "overweight" rating to a "neutral" rating and cut their price target for the company from $23.00 to $11.00 in a research note on Friday, November 22nd. Barclays cut their target price on shares of Sunrun from $19.00 to $18.00 and set an "equal weight" rating on the stock in a research report on Wednesday, October 16th. StockNews.com upgraded shares of Sunrun to a "sell" rating in a research report on Friday, December 20th. BNP Paribas upgraded shares of Sunrun from a "neutral" rating to an "outperform" rating and set a $16.00 price objective on the stock in a report on Tuesday, January 7th. Finally, Oppenheimer lowered their target price on shares of Sunrun from $22.00 to $20.00 and set an "outperform" rating for the company in a report on Friday, November 8th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $19.31.

Sunrun Trading Down 8.2 %

The company has a debt-to-equity ratio of 1.92, a quick ratio of 1.15 and a current ratio of 1.47. The firm has a fifty day moving average price of $10.25 and a 200 day moving average price of $14.60. The company has a market cap of $1.90 billion, a price-to-earnings ratio of -4.65 and a beta of 2.58.

Sunrun (NASDAQ:RUN - Get Free Report) last announced its quarterly earnings results on Thursday, November 7th. The energy company reported ($0.37) earnings per share for the quarter, missing analysts' consensus estimates of ($0.16) by ($0.21). Sunrun had a negative return on equity of 5.15% and a negative net margin of 18.80%. The business had revenue of $537.17 million for the quarter, compared to analyst estimates of $560.60 million. During the same period last year, the firm earned $0.40 EPS. As a group, equities analysts predict that Sunrun Inc. will post -0.41 EPS for the current fiscal year.

Hedge Funds Weigh In On Sunrun

Large investors have recently made changes to their positions in the company. Principal Financial Group Inc. boosted its stake in shares of Sunrun by 33.7% in the third quarter. Principal Financial Group Inc. now owns 1,460,949 shares of the energy company's stock valued at $26,385,000 after buying an additional 367,835 shares during the period. Erste Asset Management GmbH bought a new stake in shares of Sunrun during the 3rd quarter valued at $76,152,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its position in shares of Sunrun by 113.5% in the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 2,515,302 shares of the energy company's stock worth $45,426,000 after purchasing an additional 1,337,302 shares during the period. Aigen Investment Management LP acquired a new position in Sunrun in the third quarter valued at about $955,000. Finally, Assenagon Asset Management S.A. lifted its position in Sunrun by 207.3% during the third quarter. Assenagon Asset Management S.A. now owns 1,375,584 shares of the energy company's stock worth $24,843,000 after purchasing an additional 927,947 shares during the period. 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.