Insider Selling: Sunrun Inc. (NASDAQ:RUN) Insider Sells $11,195.04 in Stock

Sunrun Inc. (NASDAQ:RUN) insider Jeanna Steele sold 1,686 shares of Sunrun stock in a transaction that occurred on Thursday, March 6th. The stock was sold at an average price of $6.64, for a total transaction of $11,195.04. Following the completion of the transaction, the insider now owns 301,180 shares of the company’s stock, valued at $1,999,835.20. This represents a 0.56 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Jeanna Steele also recently made the following trade(s):

• On Monday, January 6th, Jeanna Steele sold 2,012 shares of Sunrun stock. The stock was sold at an average price of $11.18, for a total transaction of $22,494.16.

Sunrun Stock Performance

Shares of Sunrun stock opened at $7.16 on Monday. The firm’s fifty day simple moving average is $8.95 and its 200-day simple moving average is $12.59. The stock has a market capitalization of $1.62 billion, a price-to-earnings ratio of -3.93 and a beta of 2.84. Sunrun Inc. has a 12 month low of $5.93 and a 12 month high of $22.26. The company has a debt-to-equity ratio of 1.92, a current ratio of 1.47 and a quick ratio of 1.15.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on RUN shares. Morgan Stanley decreased their price target on shares of Sunrun from $35.00 to $27.00 and set an “overweight” rating for the company in a research note on Friday, November 15th. StockNews.com upgraded shares of Sunrun to a “sell” rating in a research note on Friday, December 20th. Jefferies Financial Group cut their price objective on shares of Sunrun from $19.00 to $17.00 and set a “buy” rating on the stock in a report on Tuesday, January 28th. JPMorgan Chase & Co. cut their price objective on shares of Sunrun from $22.00 to $18.00 and set an “overweight” rating on the stock in a report on Thursday, January 23rd. Finally, The Goldman Sachs Group cut their price objective on shares of Sunrun from $17.00 to $15.00 and set a “buy” rating on the stock in a report on Monday, March 3rd. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and fourteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $17.51.

Hedge Funds Weigh In On Sunrun

Several institutional investors have recently bought and sold shares of RUN. International Assets Investment Management LLC increased its stake in Sunrun by 1,706.3% in the 3rd quarter. International Assets Investment Management LLC now owns 1,734 shares of the energy company’s stock valued at $31,000 after buying an additional 1,638 shares during the period. Van ECK Associates Corp increased its stake in Sunrun by 1.8% in the 3rd quarter. Van ECK Associates Corp now owns 50,105 shares of the energy company’s stock valued at $905,000 after buying an additional 886 shares during the period. QRG Capital Management Inc. increased its stake in Sunrun by 8.3% in the 3rd quarter. QRG Capital Management Inc. now owns 30,135 shares of the energy company’s stock valued at $544,000 after buying an additional 2,317 shares during the period. Principal Financial Group Inc. increased its stake in Sunrun by 33.7% in the 3rd quarter. Principal Financial Group Inc. now owns 1,460,949 shares of the energy company’s stock valued at $26,385,000 after buying an additional 367,835 shares during the period. Finally, Peregrine Asset Advisers Inc. acquired a new position in Sunrun in the 3rd quarter valued at $491,000. 91.69% of the stock is owned by institutional investors and hedge funds.

About Sunrun

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.