Danny Abajian Sells 3,734 Shares of Sunrun Inc. (NASDAQ:RUN) Stock

Sunrun Inc. (NASDAQ:RUN) CFO Danny Abajian sold 3,734 shares of the stock in a transaction on Monday, January 6th. The shares were sold at an average price of $11.18, for a total value of $41,746.12. Following the completion of the sale, the chief financial officer now owns 257,969 shares in the company, valued at approximately $2,884,093.42. The trade was a 1.43 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Sunrun Stock Up 3.6 %

Shares of RUN traded up $0.40 during trading hours on Tuesday, hitting $11.37. 10,173,392 shares of the company were exchanged, compared to its average volume of 8,641,270. The company has a market cap of $2.55 billion, a PE ratio of -6.25 and a beta of 2.58. The firm’s 50 day moving average is $10.98 and its 200-day moving average is $14.82. Sunrun Inc. has a 52 week low of $9.01 and a 52 week high of $22.26. The company has a debt-to-equity ratio of 1.92, a quick ratio of 1.15 and a current ratio of 1.47.

Institutional Trading of Sunrun

Several hedge funds have recently added to or reduced their stakes in RUN. Natixis Advisors LLC bought a new stake in Sunrun during the 2nd quarter valued at approximately $314,000. Rhumbline Advisers boosted its stake in Sunrun by 25.3% during the 2nd quarter. Rhumbline Advisers now owns 758,512 shares of the energy company’s stock valued at $8,996,000 after purchasing an additional 153,007 shares during the period. Victory Capital Management Inc. boosted 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 valued at $538,000 after purchasing an additional 691 shares during the period. Arizona State Retirement System lifted its position in shares of Sunrun by 2.7% in the 2nd quarter. Arizona State Retirement System now owns 61,475 shares of the energy company’s stock worth $729,000 after acquiring an additional 1,597 shares during the period. Finally, Koss Olinger Consulting LLC bought a new stake in shares of Sunrun in the 2nd quarter worth approximately $145,000. Institutional investors own 91.69% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on RUN shares. Morgan Stanley cut their price target on Sunrun from $35.00 to $27.00 and set an “overweight” rating on the stock in a research note on Friday, November 15th. TD Cowen began coverage on Sunrun in a report on Thursday, December 19th. They issued a “buy” rating and a $21.00 target price for the company. BNP Paribas upgraded shares of Sunrun from a “neutral” rating to an “outperform” rating and set a $16.00 price objective on the stock in a research report on Tuesday. Guggenheim lowered shares of Sunrun from a “buy” rating to a “neutral” rating in a research report on Thursday, November 7th. Finally, The Goldman Sachs Group reduced their price target on Sunrun from $19.00 to $17.00 and set a “buy” rating on the stock in a research note on Tuesday, December 17th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $19.31.

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.