Shares of Sunrun Inc. (NASDAQ:RUN - Get Free Report) traded down 5.6% during mid-day trading on Friday . The company traded as low as $6.35 and last traded at $6.34. 2,213,610 shares traded hands during mid-day trading, a decline of 79% from the average session volume of 10,643,598 shares. The stock had previously closed at $6.71.
Analysts Set New Price Targets
RUN has been the topic of several recent research reports. BMO Capital Markets decreased their target price on shares of Sunrun from $11.00 to $9.00 and set a "market perform" rating on the stock in a research report on Monday, March 3rd. Royal Bank of Canada decreased their price objective on Sunrun from $17.00 to $14.00 and set an "outperform" rating on the stock in a report on Monday, March 3rd. StockNews.com upgraded Sunrun to a "sell" rating in a research note on Friday, December 20th. Roth Capital set a $20.00 price target on Sunrun in a research note on Friday, February 28th. Finally, Wells Fargo & Company reduced their target price on shares of Sunrun from $15.00 to $12.00 and set an "overweight" rating on the stock in a research note on Wednesday, January 8th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $17.20.
Check Out Our Latest Research Report on RUN
Sunrun Stock Performance
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 company has a market cap of $1.49 billion, a P/E ratio of -3.64 and a beta of 2.84. The company has a 50 day moving average price of $8.23 and a 200-day moving average price of $11.62.
Insider Activity
In other Sunrun news, Director Edward Harris Fenster purchased 150,000 shares of the firm's stock in a transaction on Monday, March 3rd. The stock was purchased at an average cost of $6.80 per share, for a total transaction of $1,020,000.00. Following the acquisition, the director now owns 1,358,182 shares in the company, valued at approximately $9,235,637.60. The trade was a 12.42 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Danny Abajian sold 3,734 shares of the business's stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $11.18, for a total value of $41,746.12. Following the completion of the transaction, the chief financial officer now directly owns 257,969 shares in the company, valued at $2,884,093.42. This represents a 1.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 121,466 shares of company stock valued at $1,136,397. Insiders own 3.77% of the company's stock.
Institutional Investors Weigh In On Sunrun
Hedge funds and other institutional investors have recently made changes to their positions in the business. Wilmington Savings Fund Society FSB bought a new position in shares of Sunrun during the third quarter valued at about $44,000. Aster Capital Management DIFC Ltd bought a new position in shares of Sunrun during the 4th quarter worth approximately $29,000. Newbridge Financial Services Group Inc. boosted its stake in shares of Sunrun by 133.3% in the 4th 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. Summit Securities Group LLC bought a new position in shares of Sunrun in the fourth quarter valued at approximately $53,000. Finally, Union Bancaire Privee UBP SA purchased a new stake in shares of Sunrun during the fourth quarter valued at approximately $56,000. 91.69% of the stock is owned by institutional investors.
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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