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

Sunrun Inc. (NASDAQ:RUN) Director Lynn Michelle Jurich sold 50,000 shares of the firm’s stock in a transaction that occurred 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 sale, the director now directly owns 941,753 shares in the company, valued at approximately $8,569,952.30. The trade was a 5.04 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available 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 value of $479,500.00.
• On Thursday, December 19th, Lynn Michelle Jurich sold 50,000 shares of Sunrun stock. The shares were sold at an average price of $9.42, for a total value of $471,000.00.

Sunrun Price Performance

NASDAQ:RUN opened at $8.54 on Friday. Sunrun Inc. has a 52 week low of $7.87 and a 52 week high of $22.26. The company has a quick ratio of 1.15, a current ratio of 1.47 and a debt-to-equity ratio of 1.92. The company has a market capitalization of $1.92 billion, a P/E ratio of -4.69 and a beta of 2.59. The stock’s fifty day moving average is $9.47 and its two-hundred day moving average is $13.51.

Institutional Investors Weigh In On Sunrun

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Principal Financial Group Inc. raised its position in 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 purchasing an additional 367,835 shares during the period. Erste Asset Management GmbH purchased a new stake in Sunrun in the third quarter valued at $76,152,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its position in Sunrun by 113.5% in the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 2,515,302 shares of the energy company’s stock valued at $45,426,000 after purchasing an additional 1,337,302 shares during the period. Aigen Investment Management LP acquired a new stake in shares of Sunrun in the third quarter valued at $955,000. Finally, Assenagon Asset Management S.A. grew its stake in shares of Sunrun by 207.3% in the third quarter. Assenagon Asset Management S.A. now owns 1,375,584 shares of the energy company’s stock valued at $24,843,000 after buying an additional 927,947 shares in the last quarter. Hedge funds and other institutional investors own 91.69% of the company’s stock.

Analysts Set New Price Targets

Several analysts have commented on the company. UBS Group raised Sunrun from a “neutral” rating to a “buy” rating and raised their price objective for the company from $14.00 to $17.00 in a report on Friday, January 10th. TD Cowen began coverage on Sunrun in a research report on Thursday, December 19th. They issued a “buy” rating and a $21.00 target price on the stock. BNP Paribas upgraded 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. JPMorgan Chase & Co. decreased their target price on Sunrun from $22.00 to $18.00 and set an “overweight” rating on the stock in a research report on Thursday, January 23rd. Finally, Jefferies Financial Group decreased their target price on Sunrun from $19.00 to $17.00 and set a “buy” rating on the stock in a research report on Tuesday, January 28th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $18.36.

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.