Sunrun Inc. (NASDAQ:RUN) CRO Paul S. Dickson Sells 2,537 Shares of Stock

Sunrun Inc. (NASDAQ:RUN) CRO Paul S. Dickson sold 2,537 shares of the firm’s stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $18.23, for a total value of $46,249.51. Following the completion of the sale, the executive now directly owns 427,883 shares in the company, valued at approximately $7,800,307.09. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Sunrun Stock Performance

NASDAQ:RUN opened at $17.20 on Wednesday. The stock has a 50 day simple moving average of $17.63 and a 200 day simple moving average of $14.02. The stock has a market cap of $3.84 billion, a P/E ratio of -2.58 and a beta of 2.59. Sunrun Inc. has a 1-year low of $8.43 and a 1-year high of $22.26. The company has a current ratio of 1.66, a quick ratio of 1.31 and a debt-to-equity ratio of 1.84.

Sunrun (NASDAQ:RUN) last posted its earnings results on Tuesday, August 6th. The energy company reported $0.55 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.33) by $0.88. The company had revenue of $523.87 million during the quarter, compared to the consensus estimate of $516.76 million. Sunrun had a negative return on equity of 2.41% and a negative net margin of 66.36%. The company’s revenue was down 11.2% on a year-over-year basis. During the same quarter last year, the firm earned $0.25 earnings per share. Research analysts anticipate that Sunrun Inc. will post -0.16 earnings per share for the current year.

Institutional Trading of Sunrun

Several hedge funds and other institutional investors have recently bought and sold shares of RUN. Victory Capital Management Inc. increased its stake in Sunrun by 1.5% during the 2nd quarter. Victory Capital Management Inc. now owns 45,374 shares of the energy company’s stock worth $538,000 after acquiring an additional 691 shares during the period. Crossmark Global Holdings Inc. increased its position in shares of Sunrun by 6.0% in the second quarter. Crossmark Global Holdings Inc. now owns 15,690 shares of the energy company’s stock worth $186,000 after purchasing an additional 895 shares during the period. Treasurer of the State of North Carolina raised its stake in Sunrun by 1.0% in the fourth quarter. Treasurer of the State of North Carolina now owns 93,585 shares of the energy company’s stock valued at $1,837,000 after purchasing an additional 910 shares in the last quarter. Manchester Capital Management LLC lifted its position in Sunrun by 41.9% during the fourth quarter. Manchester Capital Management LLC now owns 3,178 shares of the energy company’s stock worth $62,000 after purchasing an additional 938 shares during the period. Finally, Spire Wealth Management grew its stake in Sunrun by 18.7% during the first quarter. Spire Wealth Management now owns 6,405 shares of the energy company’s stock worth $84,000 after buying an additional 1,010 shares in the last quarter. Institutional investors and hedge funds own 91.69% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on RUN. Barclays raised their price objective on shares of Sunrun from $16.00 to $19.00 and gave the stock an “equal weight” rating in a research note on Tuesday, July 23rd. Oppenheimer boosted their price objective on shares of Sunrun from $19.00 to $22.00 and gave the stock an “outperform” rating in a report on Wednesday, August 7th. JPMorgan Chase & Co. increased their target price on shares of Sunrun from $19.00 to $22.00 and gave the company an “overweight” rating in a research note on Wednesday, August 7th. UBS Group lifted their target price on Sunrun from $14.00 to $18.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 7th. Finally, Truist Financial reaffirmed a “hold” rating and issued a $18.00 price target (up previously from $12.00) on shares of Sunrun in a report on Wednesday, August 7th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $22.98.

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.