Sunrun Inc. (NASDAQ:RUN - Get Free Report)'s share price shot up 4.9% during mid-day trading on Thursday . The stock traded as high as $9.68 and last traded at $9.60. 2,636,835 shares changed hands during trading, a decline of 77% from the average session volume of 11,639,706 shares. The stock had previously closed at $9.15.
Analyst Ratings Changes
A number of equities analysts recently weighed in on RUN shares. Glj Research restated a "sell" rating and set a $7.78 target price on shares of Sunrun in a research report on Thursday, November 7th. Truist Financial reaffirmed a "hold" rating and issued a $12.00 target price (down from $18.00) on shares of Sunrun in a report on Tuesday, November 12th. Susquehanna cut their price target on Sunrun from $24.00 to $23.00 and set a "positive" rating for the company in a report on Wednesday, October 16th. BMO Capital Markets reduced their price objective on Sunrun from $20.00 to $11.00 and set a "market perform" rating on the stock in a research note on Monday, November 11th. Finally, UBS Group cut their target price on shares of Sunrun from $18.00 to $14.00 and set a "neutral" rating for the company in a report on Tuesday, November 26th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and twelve have issued a buy rating to the company's stock. According to data from MarketBeat.com, Sunrun has an average rating of "Hold" and a consensus price target of $19.21.
View Our Latest Report on Sunrun
Sunrun Trading Down 0.2 %
The firm has a market capitalization of $2.05 billion, a P/E ratio of -5.02 and a beta of 2.54. The company has a current ratio of 1.47, a quick ratio of 1.15 and a debt-to-equity ratio of 1.92. The stock has a 50-day simple moving average of $12.09 and a two-hundred day simple moving average of $15.12.
Insider Activity
In other news, CRO Paul S. Dickson sold 4,017 shares of the company's stock in a transaction on Monday, October 7th. The stock was sold at an average price of $16.35, for a total transaction of $65,677.95. Following the transaction, the executive now directly owns 423,866 shares of the company's stock, valued at approximately $6,930,209.10. This represents a 0.94 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Jeanna Steele sold 2,624 shares of the stock in a transaction dated Monday, October 7th. The shares were sold at an average price of $16.35, for a total value of $42,902.40. Following the completion of the sale, the insider now owns 305,636 shares of the company's stock, valued at approximately $4,997,148.60. This trade represents a 0.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 119,691 shares of company stock worth $1,540,601. 3.77% of the stock is currently owned by corporate insiders.
Hedge Funds Weigh In On Sunrun
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in RUN. International Assets Investment Management LLC raised its holdings in shares of Sunrun by 1,706.3% during the third quarter. International Assets Investment Management LLC now owns 1,734 shares of the energy company's stock worth $31,000 after purchasing an additional 1,638 shares during the last quarter. Blue Trust Inc. boosted its stake in shares of 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. Duncker Streett & Co. Inc. acquired a new stake in Sunrun during the second quarter worth about $36,000. CWM LLC raised its position in Sunrun by 883.9% during the second quarter. CWM LLC now owns 3,355 shares of the energy company's stock valued at $40,000 after acquiring an additional 3,014 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB acquired a new position in Sunrun in the third quarter valued at approximately $44,000. Hedge funds and other institutional investors 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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