Insider Selling: Sunrun Inc. (NASDAQ:RUN) CRO Sells 14,945 Shares of Stock

Sunrun Inc. (NASDAQ:RUN) CRO Paul S. Dickson sold 14,945 shares of the business’s stock in a transaction dated Monday, April 8th. The shares were sold at an average price of $12.07, for a total value of $180,386.15. Following the sale, the executive now owns 283,772 shares of the company’s stock, valued at $3,425,128.04. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Sunrun Stock Down 3.6 %

Shares of RUN opened at $11.85 on Friday. The stock has a market capitalization of $2.60 billion, a price-to-earnings ratio of -1.60 and a beta of 2.46. Sunrun Inc. has a 1 year low of $8.43 and a 1 year high of $23.85. The business’s 50 day simple moving average is $12.86 and its 200-day simple moving average is $13.23. The company has a debt-to-equity ratio of 1.68, a current ratio of 1.26 and a quick ratio of 0.96.

Sunrun (NASDAQ:RUN) last issued its quarterly earnings data on Wednesday, February 21st. The energy company reported ($1.33) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.13) by ($1.20). The firm had revenue of $516.59 million for the quarter, compared to analysts’ expectations of $499.74 million. Sunrun had a negative return on equity of 5.58% and a negative net margin of 71.00%. As a group, equities analysts expect that Sunrun Inc. will post -1.58 earnings per share for the current fiscal year.

Institutional Trading of Sunrun

Several hedge funds have recently modified their holdings of the company. Salem Investment Counselors Inc. lifted its position in Sunrun by 3,750.0% in the first quarter. Salem Investment Counselors Inc. now owns 1,540 shares of the energy company’s stock worth $47,000 after buying an additional 1,500 shares during the last quarter. Fifth Third Bancorp lifted its position in shares of Sunrun by 76.9% during the fourth quarter. Fifth Third Bancorp now owns 1,758 shares of the energy company’s stock worth $35,000 after purchasing an additional 764 shares during the last quarter. Versant Capital Management Inc lifted its position in shares of Sunrun by 149.7% during the fourth quarter. Versant Capital Management Inc now owns 1,880 shares of the energy company’s stock worth $37,000 after purchasing an additional 1,127 shares during the last quarter. International Assets Investment Management LLC bought a new stake in shares of Sunrun during the third quarter worth $26,000. Finally, Belpointe Asset Management LLC lifted its position in shares of Sunrun by 735.2% during the first quarter. Belpointe Asset Management LLC now owns 2,113 shares of the energy company’s stock worth $43,000 after purchasing an additional 1,860 shares during the last quarter. 91.69% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. Royal Bank of Canada cut their price objective on Sunrun from $17.00 to $15.00 and set an “outperform” rating for the company in a research note on Friday, March 15th. Mizuho boosted their price objective on Sunrun from $23.00 to $28.00 and gave the company a “buy” rating in a research note on Wednesday, January 3rd. KeyCorp reiterated a “sector weight” rating on shares of Sunrun in a research note on Thursday, January 4th. The Goldman Sachs Group boosted their price objective on Sunrun from $20.00 to $21.00 and gave the company a “buy” rating in a research note on Thursday, February 22nd. Finally, BMO Capital Markets boosted their price objective on Sunrun from $18.00 to $20.00 and gave the company a “market perform” rating in a research note on Thursday, February 22nd. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and fourteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Sunrun currently has an average rating of “Moderate Buy” and a consensus target price of $22.05.

About Sunrun

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.