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

Sunrun Inc. (NASDAQ:RUN) Director Lynn Michelle Jurich sold 50,000 shares of the business’s stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $9.94, for a total transaction of $497,000.00. Following the sale, the director now directly owns 1,092,446 shares of the company’s stock, valued at approximately $10,858,913.24. The trade was a 4.38 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Lynn Michelle Jurich also recently made the following trade(s):

• On Friday, October 18th, Lynn Michelle Jurich sold 50,000 shares of Sunrun stock. The shares were sold at an average price of $14.60, for a total value of $730,000.00.
• On Thursday, September 19th, Lynn Michelle Jurich sold 50,000 shares of Sunrun stock. The shares were sold at an average price of $20.20, for a total value of $1,010,000.00.
• On Friday, September 6th, Lynn Michelle Jurich sold 1,937 shares of Sunrun stock. The stock was sold at an average price of $18.23, for a total value of $35,311.51.

Sunrun Stock Up 5.0 %

Sunrun stock opened at $10.20 on Thursday. The firm has a 50 day simple moving average of $15.22 and a 200 day simple moving average of $15.41. 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 1-year low of $9.23 and a 1-year high of $22.26. The firm has a market capitalization of $2.29 billion, a price-to-earnings ratio of -5.60 and a beta of 2.61.

Analyst Ratings Changes

RUN has been the topic of a number of analyst reports. Susquehanna cut their price objective on shares of Sunrun from $24.00 to $23.00 and set a “positive” rating on the stock in a report on Wednesday, October 16th. Morgan Stanley reduced their price objective on shares of Sunrun from $35.00 to $27.00 and set an “overweight” rating for the company in a research report on Friday, November 15th. BNP Paribas cut shares of Sunrun from an “outperform” rating to a “neutral” rating and set a $14.00 target price on the stock. in a research report on Friday, November 8th. Glj Research reaffirmed a “sell” rating and issued a $7.78 target price on shares of Sunrun in a report on Thursday, November 7th. Finally, Roth Mkm dropped their price target on Sunrun from $35.00 to $30.00 and set a “buy” rating on the stock in a report on Friday, November 8th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat, Sunrun presently has a consensus rating of “Hold” and an average target price of $20.12.

Hedge Funds Weigh In On Sunrun

Hedge funds have recently made changes to their positions in the stock. International Assets Investment Management LLC lifted its holdings in 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. increased its position in shares of Sunrun by 385.5% during 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. Duncker Streett & Co. Inc. bought a new stake in shares of Sunrun during the second quarter valued at about $36,000. CWM LLC lifted its holdings in shares of Sunrun by 883.9% in the second quarter. CWM LLC now owns 3,355 shares of the energy company’s stock worth $40,000 after buying an additional 3,014 shares in the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of Sunrun in the second quarter valued at approximately $45,000. 91.69% of the stock is currently owned by hedge funds and other institutional investors.

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.