Sunrun (NASDAQ:RUN) Stock Price Down 5.2% on Insider Selling

Sunrun Inc. (NASDAQ:RUN - Get Free Report) shares traded down 5.2% during trading on Wednesday following insider selling activity. The stock traded as low as $8.81 and last traded at $8.75. 3,471,261 shares changed hands during mid-day 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 company's stock in a transaction dated Friday, January 17th. The stock was sold at an average price of $9.59, for a total transaction of $479,500.00. Following the completion of the transaction, the director now directly owns 991,753 shares of the company's stock, valued at $9,510,911.27. This represents a 4.80 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Analysts Set New Price Targets

A number of analysts have commented on RUN shares. Guggenheim cut shares of Sunrun from a "buy" rating to a "neutral" rating in a research note on Thursday, November 7th. StockNews.com raised Sunrun to a "sell" rating in a research report on Friday, December 20th. Susquehanna cut their price objective on Sunrun from $24.00 to $23.00 and set a "positive" rating for the company in a research report on Wednesday, October 16th. UBS Group raised Sunrun from a "neutral" rating to a "buy" rating and raised their price target for the company from $14.00 to $17.00 in a report on Friday, January 10th. Finally, The Goldman Sachs Group cut 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. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $19.11.

Sunrun Stock Performance

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 stock has a fifty day simple moving average of $10.22 and a two-hundred day simple moving average of $14.56. The stock has a market capitalization of $2.10 billion, a price-to-earnings ratio of -5.13 and a beta of 2.58.

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

Institutional Investors Weigh In On Sunrun

Large investors have recently bought and sold shares of the stock. International Assets Investment Management LLC grew 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 valued at $31,000 after buying an additional 1,638 shares during the last quarter. Blue Trust Inc. boosted its stake in Sunrun by 385.5% during the 3rd 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 last quarter. Wilmington Savings Fund Society FSB purchased a new position in shares of Sunrun during the third quarter valued at approximately $44,000. Union Bancaire Privee UBP SA purchased a new position in shares of Sunrun during the fourth quarter valued at approximately $56,000. Finally, Wealth Enhancement Advisory Services LLC purchased a new position in shares of Sunrun during the fourth quarter valued at approximately $94,000. 91.69% of the stock is currently owned by institutional investors and hedge funds.

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.