4,830 Shares in Sunrun Inc. (NASDAQ:RUN) Purchased by GAMMA Investing LLC

GAMMA Investing LLC purchased a new position in shares of Sunrun Inc. (NASDAQ:RUN) during the 4th quarter, Holdings Channel reports. The fund purchased 4,830 shares of the energy company’s stock, valued at approximately $95,000.

A number of other hedge funds and other institutional investors have also modified their holdings of RUN. C M Bidwell & Associates Ltd. lifted its stake in Sunrun by 1,483.9% in the third quarter. C M Bidwell & Associates Ltd. now owns 2,360 shares of the energy company’s stock valued at $30,000 after acquiring an additional 2,211 shares during the last quarter. Fifth Third Bancorp lifted its stake in Sunrun by 76.9% in the 4th quarter. Fifth Third Bancorp now owns 1,758 shares of the energy company’s stock valued at $35,000 after purchasing an additional 764 shares during the last quarter. Versant Capital Management Inc grew its holdings in 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 period. Hexagon Capital Partners LLC increased its position in Sunrun by 69.8% during the third quarter. Hexagon Capital Partners LLC now owns 3,345 shares of the energy company’s stock worth $42,000 after buying an additional 1,375 shares during the last quarter. Finally, NBC Securities Inc. bought a new stake in Sunrun in the third quarter valued at approximately $53,000. Institutional investors and hedge funds own 91.69% of the company’s stock.

Sunrun Stock Up 6.0 %

Shares of RUN opened at $10.29 on Monday. The firm has a 50 day simple moving average of $11.72 and a two-hundred day simple moving average of $13.16. The company has a market cap of $2.26 billion, a P/E ratio of -1.39 and a beta of 2.46. Sunrun Inc. has a one year low of $8.43 and a one year high of $23.85. 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 announced its quarterly earnings data on Wednesday, February 21st. The energy company reported ($1.33) earnings per share for the quarter, missing the consensus estimate of ($0.13) by ($1.20). Sunrun had a negative return on equity of 5.58% and a negative net margin of 71.00%. The business had revenue of $516.59 million for the quarter, compared to the consensus estimate of $499.74 million. Research analysts forecast that Sunrun Inc. will post -1.69 EPS for the current fiscal year.

Insider Activity

In related news, CRO Paul S. Dickson sold 10,412 shares of the stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of $12.12, for a total value of $126,193.44. Following the completion of the transaction, the executive now owns 298,717 shares of the company’s stock, valued at approximately $3,620,450.04. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, Director Edward Harris Fenster sold 172,920 shares of the business’s stock in a transaction dated Thursday, April 11th. The stock was sold at an average price of $11.95, for a total transaction of $2,066,394.00. Following the sale, the director now directly owns 1,261,317 shares in the company, valued at $15,072,738.15. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CRO Paul S. Dickson sold 10,412 shares of the firm’s stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of $12.12, for a total transaction of $126,193.44. Following the completion of the transaction, the executive now owns 298,717 shares of the company’s stock, valued at approximately $3,620,450.04. The disclosure for this sale can be found here. In the last three months, insiders have sold 301,760 shares of company stock worth $3,615,990. Corporate insiders own 3.76% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on RUN shares. Truist Financial reissued a “hold” rating and set a $14.00 target price (down from $15.00) on shares of Sunrun in a report on Monday, February 26th. Mizuho cut their target price on shares of Sunrun from $28.00 to $23.00 and set a “buy” rating for the company in a research note on Friday, April 19th. Janney Montgomery Scott lowered shares of Sunrun from a “buy” rating to a “neutral” rating in a research note on Tuesday, February 27th. KeyCorp restated a “sector weight” rating on shares of Sunrun in a research report on Thursday, January 4th. Finally, Royal Bank of Canada decreased their target price on Sunrun from $17.00 to $15.00 and set an “outperform” rating on the stock in a research report on Friday, March 15th. Seven equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $21.26.

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.