Diversify Wealth Management LLC Has $4.65 Million Stake in Sunrun Inc. (NASDAQ:RUN)

Diversify Wealth Management LLC raised its stake in shares of Sunrun Inc. (NASDAQ:RUN) by 21.0% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 257,235 shares of the energy company’s stock after purchasing an additional 44,639 shares during the quarter. Diversify Wealth Management LLC’s holdings in Sunrun were worth $4,646,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. International Assets Investment Management LLC lifted its holdings in 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 in the last quarter. Blue Trust Inc. grew its position in shares of Sunrun by 385.5% in the 3rd quarter. Blue Trust Inc. now owns 1,845 shares of the energy company’s stock valued at $33,000 after purchasing an additional 1,465 shares during the period. BNP Paribas bought a new stake in Sunrun during the 1st quarter worth approximately $37,000. Duncker Streett & Co. Inc. acquired a new stake in Sunrun during the 2nd quarter worth approximately $36,000. Finally, CWM LLC lifted its stake in Sunrun by 883.9% in 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 in the last quarter. 91.69% of the stock is owned by institutional investors.

Insider Buying and Selling at Sunrun

In related news, insider Jeanna Steele sold 24,161 shares of the company’s stock in a transaction dated Wednesday, August 7th. The shares were sold at an average price of $19.24, for a total value of $464,857.64. Following the transaction, the insider now owns 310,617 shares in the company, valued at approximately $5,976,271.08. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Sunrun news, insider Jeanna Steele sold 24,161 shares of the company’s stock in a transaction on Wednesday, August 7th. The stock was sold at an average price of $19.24, for a total value of $464,857.64. Following the transaction, the insider now directly owns 310,617 shares of the company’s stock, valued at $5,976,271.08. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Gerald Alan Risk sold 9,045 shares of the stock in a transaction on Monday, August 19th. The stock was sold at an average price of $20.04, for a total value of $181,261.80. Following the transaction, the director now owns 334,761 shares in the company, valued at $6,708,610.44. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 180,001 shares of company stock worth $3,220,345 over the last ninety days. Insiders own 3.76% of the company’s stock.

Wall Street Analyst Weigh In

RUN has been the subject of several research reports. Evercore ISI lowered their price objective on shares of Sunrun from $42.00 to $38.00 and set an “outperform” rating for the company in a research report on Wednesday, August 7th. Oppenheimer increased their target price on Sunrun from $19.00 to $22.00 and gave the stock an “outperform” rating in a report on Wednesday, August 7th. Piper Sandler boosted their price target on Sunrun from $20.00 to $23.00 and gave the company an “overweight” rating in a report on Wednesday, August 7th. JPMorgan Chase & Co. increased their price objective on Sunrun from $19.00 to $22.00 and gave the stock an “overweight” rating in a report on Wednesday, August 7th. Finally, Deutsche Bank Aktiengesellschaft upped their price target on Sunrun from $12.00 to $16.50 and gave the stock a “hold” rating in a research report on Thursday, August 8th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, Sunrun currently has an average rating of “Hold” and a consensus target price of $22.79.

Sunrun Stock Performance

NASDAQ:RUN traded up $0.35 during mid-day trading on Wednesday, hitting $14.49. The stock had a trading volume of 2,135,047 shares, compared to its average volume of 11,787,835. The company’s 50 day simple moving average is $17.68 and its 200 day simple moving average is $15.27. The stock has a market cap of $3.21 billion, a price-to-earnings ratio of -2.09 and a beta of 2.58. The company has a debt-to-equity ratio of 1.84, a quick ratio of 1.31 and a current ratio of 1.66. Sunrun Inc. has a twelve month low of $8.82 and a twelve month high of $22.26.

Sunrun (NASDAQ:RUN) last issued its earnings results on Tuesday, August 6th. The energy company reported $0.55 EPS for the quarter, topping the consensus estimate of ($0.33) by $0.88. Sunrun had a negative return on equity of 2.41% and a negative net margin of 66.36%. The company had revenue of $523.87 million during the quarter, compared to the consensus estimate of $516.76 million. During the same period in the previous year, the company posted $0.25 EPS. The firm’s revenue for the quarter was down 11.2% compared to the same quarter last year. On average, equities research analysts forecast that Sunrun Inc. will post -0.17 earnings per share for the current year.

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.