2,983,757 Shares in Sunrun Inc. (NASDAQ:RUN) Bought by Sylebra Capital LLC

Sylebra Capital LLC acquired a new stake in shares of Sunrun Inc. (NASDAQ:RUN) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 2,983,757 shares of the energy company’s stock, valued at approximately $35,387,000. Sunrun comprises about 1.3% of Sylebra Capital LLC’s holdings, making the stock its 17th biggest holding. Sylebra Capital LLC owned 1.35% of Sunrun at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the stock. Duncker Streett & Co. Inc. purchased a new stake in Sunrun during the 2nd quarter valued at about $36,000. BNP Paribas purchased a new position in shares of Sunrun during the 1st quarter worth approximately $37,000. CWM LLC lifted 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 buying an additional 3,014 shares during the period. Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of Sunrun in the 2nd quarter worth about $45,000. Finally, Headlands Technologies LLC bought a new stake in Sunrun during the first quarter worth about $53,000. Hedge funds and other institutional investors own 91.69% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the stock. Truist Financial reiterated a “hold” rating and set a $18.00 target price (up from $12.00) on shares of Sunrun in a report on Wednesday, August 7th. UBS Group increased their target price on Sunrun from $14.00 to $18.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 7th. Susquehanna upped their price target on shares of Sunrun from $23.00 to $24.00 and gave the stock a “positive” rating in a research note on Monday, July 15th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Sunrun from $12.00 to $16.50 and gave the stock a “hold” rating in a report on Thursday, August 8th. Finally, Morgan Stanley restated an “overweight” rating and issued a $35.00 price target on shares of Sunrun in a research note on Tuesday, September 24th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $22.33.

Sunrun Stock Down 0.3 %

RUN opened at $18.50 on Monday. Sunrun Inc. has a fifty-two week low of $8.43 and a fifty-two week high of $22.26. The company has a debt-to-equity ratio of 1.84, a quick ratio of 1.31 and a current ratio of 1.66. The stock has a market cap of $4.14 billion, a price-to-earnings ratio of -2.77 and a beta of 2.59. The firm’s fifty day moving average is $18.73 and its 200 day moving average is $14.69.

Sunrun (NASDAQ:RUN) last released its quarterly earnings data on Tuesday, August 6th. The energy company reported $0.55 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.33) by $0.88. The firm had revenue of $523.87 million during the quarter, compared to analyst estimates of $516.76 million. Sunrun had a negative return on equity of 2.41% and a negative net margin of 66.36%. The business’s quarterly revenue was down 11.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.25 earnings per share. On average, sell-side analysts forecast that Sunrun Inc. will post -0.16 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director Lynn Michelle Jurich sold 50,000 shares of Sunrun stock in a transaction that occurred on Thursday, September 19th. The shares were sold at an average price of $20.20, for a total transaction of $1,010,000.00. Following the sale, the director now owns 1,192,446 shares in the company, valued at $24,087,409.20. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other news, CEO Mary Powell sold 5,569 shares of the company’s stock in a transaction that occurred on Monday, July 8th. The stock was sold at an average price of $12.62, for a total transaction of $70,280.78. Following the sale, the chief executive officer now directly owns 581,341 shares of the company’s stock, valued at approximately $7,336,523.42. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Lynn Michelle Jurich sold 50,000 shares of the stock in a transaction that occurred on Thursday, September 19th. The shares were sold at an average price of $20.20, for a total value of $1,010,000.00. Following the transaction, the director now owns 1,192,446 shares of the company’s stock, valued at $24,087,409.20. The disclosure for this sale can be found here. Insiders sold 178,675 shares of company stock worth $3,253,289 in the last three months. 3.76% of the stock is owned by company insiders.

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.