Lynn Michelle Jurich Sells 1,544 Shares of Sunrun Inc. (NASDAQ:RUN) Stock

Sunrun Inc. (NASDAQ:RUN) Director Lynn Michelle Jurich sold 1,544 shares of the business’s stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $6.64, for a total transaction of $10,252.16. Following the completion of the sale, the director now owns 946,779 shares in the company, valued at approximately $6,286,612.56. The trade was a 0.16 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Lynn Michelle Jurich also recently made the following trade(s):

• On Wednesday, February 19th, Lynn Michelle Jurich sold 50,000 shares of Sunrun stock. The stock was sold at an average price of $9.10, for a total transaction of $455,000.00.
• On Friday, January 17th, Lynn Michelle Jurich sold 50,000 shares of Sunrun stock. The stock was sold at an average price of $9.59, for a total transaction of $479,500.00.
• On Thursday, December 19th, Lynn Michelle Jurich sold 50,000 shares of Sunrun stock. The stock was sold at an average price of $9.42, for a total transaction of $471,000.00.

Sunrun Stock Performance

Shares of NASDAQ:RUN opened at $7.16 on Monday. The firm has a market cap of $1.62 billion, a PE ratio of -3.93 and a beta of 2.84. The firm’s 50 day simple moving average is $8.95 and its 200-day simple moving average is $12.59. Sunrun Inc. has a one year low of $5.93 and a one year high of $22.26. The company has a debt-to-equity ratio of 1.92, a quick ratio of 1.15 and a current ratio of 1.47.

Wall Street Analysts Forecast Growth

RUN has been the topic of several research analyst reports. TD Cowen decreased their price target on shares of Sunrun from $18.00 to $14.00 and set a “buy” rating on the stock in a research note on Friday, February 28th. Morgan Stanley decreased their target price on shares of Sunrun from $35.00 to $27.00 and set an “overweight” rating on the stock in a research report on Friday, November 15th. BNP Paribas upgraded shares of Sunrun from a “neutral” rating to an “outperform” rating and set a $16.00 target price on the stock in a research report on Tuesday, January 7th. Piper Sandler cut shares of Sunrun from an “overweight” rating to a “neutral” rating and decreased their target price for the company from $23.00 to $11.00 in a research report on Friday, November 22nd. Finally, UBS Group decreased their target price on shares of Sunrun from $17.00 to $15.00 and set a “buy” rating on the stock in a research report on Tuesday, March 4th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $17.51.

Hedge Funds Weigh In On Sunrun

A number of institutional investors have recently modified their holdings of RUN. Aster Capital Management DIFC Ltd purchased a new position in shares of Sunrun during the fourth quarter worth approximately $29,000. International Assets Investment Management LLC increased its position in shares of Sunrun by 1,706.3% during the third quarter. International Assets Investment Management LLC now owns 1,734 shares of the energy company’s stock worth $31,000 after acquiring an additional 1,638 shares during the period. Newbridge Financial Services Group Inc. increased its holdings in Sunrun by 133.3% during the fourth quarter. Newbridge Financial Services Group Inc. now owns 3,500 shares of the energy company’s stock valued at $32,000 after buying an additional 2,000 shares during the period. Wilmington Savings Fund Society FSB purchased a new position in Sunrun during the third quarter valued at approximately $44,000. Finally, Summit Securities Group LLC purchased a new position in Sunrun during the fourth quarter valued at approximately $53,000. 91.69% of the stock is owned by hedge funds and other institutional investors.

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.