Shares of Sunrun Inc (NASDAQ:RUN) traded down 7.7% during mid-day trading on Tuesday after an insider sold shares in the company. The stock traded as low as $11.60 and last traded at $11.80. 1,401,830 shares were traded during mid-day trading, a decline of 31% from the average session volume of 2,029,787 shares. The stock had previously closed at $12.79.

Specifically, major shareholder Tiger Global Management Llc purchased 110,198 shares of Sunrun stock in a transaction dated Monday, October 1st. The stock was acquired at an average cost of $12.13 per share, for a total transaction of $1,336,701.74. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, General Counsel Jeanna Steele sold 7,044 shares of Sunrun stock in a transaction dated Monday, November 19th. The shares were sold at an average price of $12.77, for a total value of $89,951.88. The disclosure for this sale can be found here. Over the last quarter, insiders have bought 429,918 shares of company stock valued at $5,049,225. 19.45% of the stock is owned by corporate insiders.

Several equities research analysts have recently issued reports on the company. Bank of America upgraded Sunrun from an “underperform” rating to a “neutral” rating and lifted their price target for the company from $15.00 to $16.00 in a report on Monday, August 13th. Credit Suisse Group lifted their price target on Sunrun from $22.00 to $23.00 and gave the company a “buy” rating in a report on Friday, August 10th. JMP Securities cut their price objective on Sunrun from $21.00 to $20.00 and set a “buy” rating on the stock in a research note on Thursday, August 30th. TheStreet raised Sunrun from a “d+” rating to a “c+” rating in a research note on Monday, August 6th. Finally, Morgan Stanley downgraded Sunrun from an “overweight” rating to an “equal weight” rating and raised their price objective for the company from $8.00 to $15.00 in a research note on Friday, August 3rd. They noted that the move was a valuation call. Three research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. Sunrun has an average rating of “Buy” and an average target price of $15.25.

The company has a quick ratio of 0.91, a current ratio of 1.16 and a debt-to-equity ratio of 1.44. The company has a market cap of $1.43 billion, a price-to-earnings ratio of 14.08, a P/E/G ratio of 0.82 and a beta of -0.59.

Sunrun (NASDAQ:RUN) last issued its quarterly earnings data on Wednesday, November 7th. The energy company reported ($0.02) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.34 by ($0.36). Sunrun had a net margin of 13.72% and a return on equity of 4.78%. The company had revenue of $204.96 million during the quarter, compared to the consensus estimate of $190.06 million. During the same period in the previous year, the business posted $0.25 earnings per share. The firm’s revenue was up 41.8% on a year-over-year basis. Equities analysts anticipate that Sunrun Inc will post 0.89 EPS for the current year.

Several hedge funds have recently modified their holdings of the stock. Morgan Stanley raised its stake in shares of Sunrun by 104.8% in the 3rd quarter. Morgan Stanley now owns 1,371,638 shares of the energy company’s stock valued at $17,064,000 after acquiring an additional 701,745 shares in the last quarter. Standard Life Aberdeen plc bought a new position in Sunrun in the 3rd quarter worth approximately $261,000. Rehmann Capital Advisory Group increased its position in Sunrun by 1,143.9% in the 3rd quarter. Rehmann Capital Advisory Group now owns 10,163 shares of the energy company’s stock worth $817,000 after buying an additional 9,346 shares during the period. Neuberger Berman Group LLC increased its position in Sunrun by 881.0% in the 3rd quarter. Neuberger Berman Group LLC now owns 2,517,568 shares of the energy company’s stock worth $31,318,000 after buying an additional 2,260,933 shares during the period. Finally, MetLife Investment Advisors LLC increased its position in Sunrun by 53.9% in the 3rd quarter. MetLife Investment Advisors LLC now owns 67,398 shares of the energy company’s stock worth $838,000 after buying an additional 23,597 shares during the period. 75.54% of the stock is currently owned by institutional investors and hedge funds.

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Sunrun Company Profile (NASDAQ:RUN)

Sunrun Inc engages in the design, development, installation, sale, ownership, and maintenance of residential solar energy systems in the United States. It also sells solar leads. The company markets and sells its products through direct channels, partner channels, mass media, digital media, canvassing, referral, retail, and field marketing.

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