Sunrun Inc. (NASDAQ:RUN - Get Free Report) CAO Maria Barak sold 2,729 shares of the stock in a transaction dated Monday, April 7th. The shares were sold at an average price of $6.73, for a total value of $18,366.17. Following the completion of the transaction, the chief accounting officer now directly owns 54,875 shares in the company, valued at approximately $369,308.75. This represents a 4.74 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.
Sunrun Stock Down 13.9 %
Shares of RUN stock opened at $5.66 on Wednesday. The stock has a market cap of $1.28 billion, a P/E ratio of -3.11 and a beta of 2.74. The company's fifty day simple moving average is $7.39 and its two-hundred day simple moving average is $10.52. The company has a quick ratio of 1.15, a current ratio of 1.47 and a debt-to-equity ratio of 1.92. Sunrun Inc. has a 52 week low of $5.55 and a 52 week high of $22.26.
Analyst Upgrades and Downgrades
Several equities analysts have recently weighed in on the stock. Wells Fargo & Company lowered their price objective 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. BNP Paribas upgraded shares of Sunrun from a "neutral" rating to an "outperform" rating and set a $16.00 price target on the stock in a research note on Tuesday, January 7th. StockNews.com upgraded Sunrun to a "sell" rating in a research note on Friday, December 20th. TD Cowen lowered their target price on Sunrun from $18.00 to $14.00 and set a "buy" rating on the stock in a research report on Friday, February 28th. Finally, The Goldman Sachs Group decreased their price objective on Sunrun from $17.00 to $15.00 and set a "buy" rating on the stock in a research note on Monday, March 3rd. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $17.20.
Read Our Latest Stock Analysis on Sunrun
Institutional Investors Weigh In On Sunrun
A number of hedge funds have recently made changes to their positions in the company. Aster Capital Management DIFC Ltd purchased a new stake in Sunrun during the fourth quarter valued at $29,000. Newbridge Financial Services Group Inc. lifted its holdings 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 valued at $32,000 after acquiring an additional 2,000 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new position in Sunrun in the third quarter worth about $44,000. Summit Securities Group LLC bought a new stake in Sunrun during the fourth quarter worth approximately $53,000. Finally, Union Bancaire Privee UBP SA purchased a new stake in Sunrun during the fourth quarter valued at approximately $56,000. 91.69% of the stock is currently owned by hedge funds and other institutional investors.
Sunrun Company Profile
(
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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