Sunrun Inc. (NASDAQ:RUN) Holdings Lowered by Diversify Wealth Management LLC

Diversify Wealth Management LLC lowered its stake in Sunrun Inc. (NASDAQ:RUN) by 5.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 242,385 shares of the energy company’s stock after selling 14,850 shares during the quarter. Diversify Wealth Management LLC owned approximately 0.11% of Sunrun worth $2,434,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. International Assets Investment Management LLC boosted its position in shares of Sunrun by 1,706.3% in the third quarter. International Assets Investment Management LLC now owns 1,734 shares of the energy company’s stock worth $31,000 after buying an additional 1,638 shares during the period. Blue Trust Inc. grew its stake in Sunrun by 385.5% during the 3rd quarter. Blue Trust Inc. now owns 1,845 shares of the energy company’s stock valued at $33,000 after acquiring an additional 1,465 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in shares of Sunrun during the third quarter worth approximately $44,000. Wealth Enhancement Advisory Services LLC acquired a new stake in shares of Sunrun during the 4th quarter valued at $94,000. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Sunrun during the second quarter worth $104,000. Institutional investors and hedge funds own 91.69% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. Susquehanna dropped their target price on Sunrun from $24.00 to $23.00 and set a “positive” rating on the stock in a research report on Wednesday, October 16th. StockNews.com upgraded Sunrun to a “sell” rating in a report on Friday, December 20th. Guggenheim downgraded shares of Sunrun from a “buy” rating to a “neutral” rating in a research report on Thursday, November 7th. The Goldman Sachs Group dropped their price target on shares of Sunrun from $19.00 to $17.00 and set a “buy” rating on the stock in a research note on Tuesday, December 17th. Finally, BMO Capital Markets reduced their price objective on shares of Sunrun from $20.00 to $11.00 and set a “market perform” rating for the company in a research note on Monday, November 11th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $19.31.

Insider Buying and Selling at Sunrun

In other news, Director Lynn Michelle Jurich sold 50,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $9.94, for a total value of $497,000.00. Following the sale, the director now directly owns 1,092,446 shares in the company, valued at approximately $10,858,913.24. This represents a 4.38 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Danny Abajian sold 3,734 shares of the firm’s 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 $41,746.12. Following the transaction, the chief financial officer now owns 257,969 shares of the company’s stock, valued at $2,884,093.42. This trade represents a 1.43 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 114,830 shares of company stock valued at $1,134,647 in the last 90 days. 3.77% of the stock is currently owned by company insiders.

Sunrun Stock Performance

RUN opened at $9.44 on Tuesday. The stock’s 50 day simple moving average is $10.30 and its 200-day simple moving average is $14.66. The company has a current ratio of 1.47, a quick ratio of 1.15 and a debt-to-equity ratio of 1.92. The stock has a market cap of $2.12 billion, a PE ratio of -5.19 and a beta of 2.58. Sunrun Inc. has a 1 year low of $9.01 and a 1 year high of $22.26.

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.