Sunrun Inc. (NASDAQ:RUN) CRO Sells $10,919.30 in Stock

Sunrun Inc. (NASDAQ:RUN) CRO Paul S. Dickson sold 1,642 shares of the stock in a transaction on Thursday, March 6th. The shares were sold at an average price of $6.65, for a total value of $10,919.30. Following the completion of the transaction, the executive now owns 419,072 shares of the company’s stock, valued at $2,786,828.80. This trade represents a 0.39 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Sunrun Stock Performance

RUN opened at $7.16 on Monday. The stock has a market cap of $1.62 billion, a PE ratio of -3.93 and a beta of 2.84. The company has a current ratio of 1.47, a quick ratio of 1.15 and a debt-to-equity ratio of 1.92. Sunrun Inc. has a 1 year low of $5.93 and a 1 year high of $22.26. The stock’s 50 day simple moving average is $8.95 and its 200-day simple moving average is $12.59.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on RUN shares. The Goldman Sachs Group decreased their price target on Sunrun from $17.00 to $15.00 and set a “buy” rating for the company in a research report on Monday, March 3rd. Truist Financial restated a “hold” rating and set a $9.00 price objective (down from $12.00) on shares of Sunrun in a research report on Monday, March 3rd. UBS Group cut their price target on Sunrun from $17.00 to $15.00 and set a “buy” rating for the company in a research note on Tuesday, March 4th. Piper Sandler downgraded Sunrun from an “overweight” rating to a “neutral” rating and cut their price target for the stock from $23.00 to $11.00 in a research note on Friday, November 22nd. Finally, Jefferies Financial Group cut their price target on Sunrun from $19.00 to $17.00 and set a “buy” rating for the company in a research note on Tuesday, January 28th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $17.51.

Institutional Trading of Sunrun

A number of institutional investors and hedge funds have recently modified their holdings of the company. Sylebra Capital LLC increased its position in shares of Sunrun by 124.0% during the fourth quarter. Sylebra Capital LLC now owns 6,683,162 shares of the energy company’s stock valued at $61,819,000 after purchasing an additional 3,699,405 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Sunrun by 8.6% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 662,211 shares of the energy company’s stock valued at $6,125,000 after purchasing an additional 52,176 shares during the period. Vident Advisory LLC increased its position in shares of Sunrun by 76.9% during the fourth quarter. Vident Advisory LLC now owns 20,219 shares of the energy company’s stock valued at $187,000 after purchasing an additional 8,792 shares during the period. Teza Capital Management LLC increased its position in shares of Sunrun by 12.9% during the fourth quarter. Teza Capital Management LLC now owns 44,677 shares of the energy company’s stock valued at $413,000 after purchasing an additional 5,121 shares during the period. Finally, Raiffeisen Bank International AG bought a new stake in shares of Sunrun during the fourth quarter valued at approximately $2,363,000. 91.69% of the stock is currently owned by 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.