Danny Abajian Sells 1,604 Shares of Sunrun Inc. (NASDAQ:RUN) Stock

Sunrun Inc. (NASDAQ:RUN) CFO Danny Abajian sold 1,604 shares of the business’s stock in a transaction dated Friday, June 6th. The shares were sold at an average price of $8.23, for a total transaction of $13,200.92. Following the completion of the sale, the chief financial officer now directly owns 458,100 shares of the company’s stock, valued at approximately $3,770,163. The trade was a 0.35% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link.

Danny Abajian also recently made the following trade(s):

• On Monday, April 7th, Danny Abajian sold 16,927 shares of Sunrun stock. The shares were sold at an average price of $6.74, for a total transaction of $114,087.98.

Sunrun Stock Down 1.8%

RUN stock opened at $8.70 on Thursday. The stock has a market capitalization of $1.99 billion, a P/E ratio of -4.78 and a beta of 2.61. The company has a current ratio of 1.47, a quick ratio of 1.15 and a debt-to-equity ratio of 1.92. Sunrun Inc. has a 12 month low of $5.45 and a 12 month high of $22.26. The firm has a 50-day moving average price of $7.92 and a 200-day moving average price of $8.53.

Sunrun (NASDAQ:RUN) last posted its earnings results on Wednesday, May 7th. The energy company reported $0.20 EPS for the quarter, topping analysts’ consensus estimates of ($0.22) by $0.42. Sunrun had a negative net margin of 18.80% and a negative return on equity of 5.15%. The firm had revenue of $504.27 million during the quarter, compared to analysts’ expectations of $487.29 million. During the same quarter in the prior year, the business earned ($0.40) earnings per share. The business’s revenue for the quarter was up 10.1% compared to the same quarter last year. As a group, equities research analysts anticipate that Sunrun Inc. will post -0.43 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts recently weighed in on RUN shares. BNP Paribas cut shares of Sunrun from a “strong-buy” rating to a “hold” rating in a research report on Thursday, May 22nd. BMO Capital Markets cut shares of Sunrun from a “hold” rating to a “strong sell” rating and cut their price objective for the stock from $9.00 to $4.00 in a research report on Thursday, May 22nd. Morgan Stanley reaffirmed an “equal weight” rating and set a $11.00 price objective on shares of Sunrun in a research report on Wednesday, April 23rd. The Goldman Sachs Group upped their price objective on shares of Sunrun from $12.00 to $15.00 and gave the stock a “buy” rating in a research report on Monday, May 19th. Finally, UBS Group cut their price objective on shares of Sunrun from $17.00 to $12.00 and set a “buy” rating for the company in a research report on Friday, May 30th. Three analysts have rated the stock with a sell rating, ten have issued a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $14.06.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. CIBC Asset Management Inc increased its position in Sunrun by 5.8% during the 4th quarter. CIBC Asset Management Inc now owns 24,774 shares of the energy company’s stock valued at $229,000 after purchasing an additional 1,360 shares during the period. GAMMA Investing LLC increased its position in Sunrun by 14.7% during the 1st quarter. GAMMA Investing LLC now owns 12,269 shares of the energy company’s stock valued at $72,000 after purchasing an additional 1,571 shares during the period. Alterna Wealth Management Inc. increased its position in Sunrun by 16.6% during the 1st quarter. Alterna Wealth Management Inc. now owns 12,075 shares of the energy company’s stock valued at $71,000 after purchasing an additional 1,720 shares during the period. Guggenheim Capital LLC increased its position in Sunrun by 6.8% during the 4th quarter. Guggenheim Capital LLC now owns 27,321 shares of the energy company’s stock valued at $253,000 after purchasing an additional 1,749 shares during the period. Finally, Xponance Inc. increased its position in Sunrun by 13.2% during the 4th quarter. Xponance Inc. now owns 16,265 shares of the energy company’s stock valued at $150,000 after purchasing an additional 1,895 shares during the period. Institutional investors and hedge funds own 91.69% of the company’s stock.

Sunrun Company 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.