Lynn Michelle Jurich Sells 50,000 Shares of Sunrun Inc. (NASDAQ:RUN) Stock

Sunrun Inc. (NASDAQ:RUN) Director Lynn Michelle Jurich sold 50,000 shares of the stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $9.10, for a total value of $455,000.00. Following the completion of the transaction, the director now owns 941,753 shares in the company, valued at $8,569,952.30. The trade was a 5.04 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

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

• On Friday, January 17th, Lynn Michelle Jurich sold 50,000 shares of Sunrun stock. The shares were 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 Price Performance

Sunrun stock opened at $8.42 on Friday. The company has a market capitalization of $1.89 billion, a price-to-earnings ratio of -4.63 and a beta of 2.59. The stock’s 50 day moving average is $9.44 and its 200-day moving average is $13.43. 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 12 month low of $7.87 and a 12 month high of $22.26.

Analysts Set New Price Targets

RUN has been the subject of a number of analyst reports. StockNews.com raised shares of Sunrun to a “sell” rating in a report on Friday, December 20th. Jefferies Financial Group decreased their price objective on Sunrun from $19.00 to $17.00 and set a “buy” rating for the company in a research note on Tuesday, January 28th. UBS Group raised Sunrun from a “neutral” rating to a “buy” rating and increased their target price for the company from $14.00 to $17.00 in a research note on Friday, January 10th. Morgan Stanley decreased their target price on Sunrun from $35.00 to $27.00 and set an “overweight” rating for the company in a research report on Friday, November 15th. Finally, BNP Paribas raised Sunrun from a “neutral” rating to an “outperform” rating and set a $16.00 price target for the company in a research note on Tuesday, January 7th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat, Sunrun presently has a consensus rating of “Moderate Buy” and a consensus target price of $18.36.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in RUN. Principal Financial Group Inc. grew its stake in shares of Sunrun by 33.7% in the third quarter. Principal Financial Group Inc. now owns 1,460,949 shares of the energy company’s stock valued at $26,385,000 after acquiring an additional 367,835 shares in the last quarter. Erste Asset Management GmbH bought a new stake in Sunrun in the 3rd quarter valued at about $76,152,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its position in shares of Sunrun by 113.5% during the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 2,515,302 shares of the energy company’s stock worth $45,426,000 after purchasing an additional 1,337,302 shares in the last quarter. Aigen Investment Management LP acquired a new stake in Sunrun during the third quarter worth approximately $955,000. Finally, Assenagon Asset Management S.A. increased its stake in Sunrun by 207.3% during the 3rd quarter. Assenagon Asset Management S.A. now owns 1,375,584 shares of the energy company’s stock worth $24,843,000 after acquiring an additional 927,947 shares during the period. Institutional investors own 91.69% of the company’s stock.

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.