Union Bancaire Privee UBP SA Invests $56,000 in Sunrun Inc. (NASDAQ:RUN)

Union Bancaire Privee UBP SA purchased a new position in shares of Sunrun Inc. (NASDAQ:RUN) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 6,056 shares of the energy company’s stock, valued at approximately $56,000.

Several other institutional investors have also added to or reduced their stakes in the company. International Assets Investment Management LLC grew its position in shares of Sunrun by 1,706.3% during the 3rd quarter. International Assets Investment Management LLC now owns 1,734 shares of the energy company’s stock worth $31,000 after purchasing an additional 1,638 shares in the last quarter. Blue Trust Inc. boosted its stake in shares of Sunrun by 385.5% in the third quarter. Blue Trust Inc. now owns 1,845 shares of the energy company’s stock valued at $33,000 after buying an additional 1,465 shares during the period. Wilmington Savings Fund Society FSB acquired a new stake in Sunrun during the third quarter worth approximately $44,000. Newbridge Financial Services Group Inc. increased its stake in Sunrun by 133.3% during the 4th quarter. Newbridge Financial Services Group Inc. now owns 3,500 shares of the energy company’s stock worth $32,000 after acquiring an additional 2,000 shares during the period. Finally, Sequoia Financial Advisors LLC acquired a new position in Sunrun in the 3rd quarter valued at $181,000. 91.69% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. Roth Mkm decreased their price target on Sunrun from $35.00 to $30.00 and set a “buy” rating on the stock in a research report on Friday, November 8th. BMO Capital Markets decreased their target price on shares of Sunrun from $20.00 to $11.00 and set a “market perform” rating on the stock in a report on Monday, November 11th. Jefferies Financial Group cut their price target on shares of Sunrun from $19.00 to $17.00 and set a “buy” rating for the company in a report on Tuesday, January 28th. JPMorgan Chase & Co. reduced their price target on shares of Sunrun from $22.00 to $18.00 and set an “overweight” rating on the stock in a research report on Thursday, January 23rd. Finally, Morgan Stanley cut their target price on Sunrun from $35.00 to $27.00 and set an “overweight” rating for the company in a research note on Friday, November 15th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $18.36.

Sunrun Trading Down 1.4 %

Shares of NASDAQ RUN opened at $8.37 on Wednesday. The stock has a market cap of $1.88 billion, a P/E ratio of -4.60 and a beta of 2.59. Sunrun Inc. has a 52-week low of $7.87 and a 52-week high of $22.26. The firm has a 50 day moving average price of $9.37 and a two-hundred day moving average price of $13.26. The company has a debt-to-equity ratio of 1.92, a quick ratio of 1.15 and a current ratio of 1.47.

Insider Buying and Selling at Sunrun

In other Sunrun news, CRO Paul S. Dickson sold 2,968 shares of Sunrun stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $11.18, for a total value of $33,182.24. Following the completion of the sale, the executive now directly owns 418,492 shares in the company, valued at approximately $4,678,740.56. The trade was a 0.70 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Lynn Michelle Jurich sold 50,000 shares of the business’s stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $9.10, for a total transaction of $455,000.00. Following 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 position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 164,830 shares of company stock worth $1,572,147. Insiders own 3.77% of the company’s stock.

Sunrun 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.