Sunrun Target of Unusually High Options Trading (NASDAQ:RUN)

Sunrun Inc. (NASDAQ:RUN) saw some unusual options trading on Monday. Stock traders purchased 44,675 call options on the company. This is an increase of 64% compared to the average daily volume of 27,170 call options.

Sunrun Stock Performance

Shares of NASDAQ:RUN traded down $0.12 on Monday, reaching $10.07. 1,703,913 shares of the company’s stock were exchanged, compared to its average volume of 9,653,833. The company has a fifty day moving average of $11.79 and a 200-day moving average of $13.79. Sunrun has a twelve month low of $8.61 and a twelve month high of $22.44. The company has a market capitalization of $2.43 billion, a price-to-earnings ratio of 6.81 and a beta of 2.36. The company has a current ratio of 1.42, a quick ratio of 1.00 and a debt-to-equity ratio of 3.34.

Sunrun (NASDAQ:RUN) last announced its earnings results on Wednesday, August 5th. The energy company reported $0.42 EPS for the quarter, topping the consensus estimate of $0.23 by $0.19. Sunrun had a net margin of 11.59% and a return on equity of 9.59%. The company had revenue of $869.99 million for the quarter, compared to analysts’ expectations of $746.87 million. During the same period last year, the firm earned $1.07 earnings per share. The business’s revenue for the quarter was up 52.8% on a year-over-year basis. On average, research analysts predict that Sunrun will post 1.13 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Mizuho set a $18.00 price objective on shares of Sunrun in a research report on Thursday, August 6th. Weiss Ratings cut shares of Sunrun from a “sell (d+)” rating to a “sell (d)” rating in a research note on Tuesday, July 28th. Wall Street Zen raised shares of Sunrun from a “sell” rating to a “hold” rating in a report on Saturday. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $17.00 price target on shares of Sunrun in a research note on Friday, May 8th. Finally, TD Cowen cut their price objective on shares of Sunrun from $21.00 to $16.00 and set a “buy” rating for the company in a research report on Thursday, August 6th. Twelve equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, Sunrun presently has a consensus rating of “Hold” and an average price target of $16.81.

Insider Buying and Selling

In other news, CRO Paul S. Dickson sold 15,613 shares of Sunrun stock in a transaction that occurred on Monday, July 6th. The stock was sold at an average price of $13.18, for a total transaction of $205,779.34. Following the completion of the transaction, the executive directly owned 839,539 shares in the company, valued at approximately $11,065,124.02. The trade was a 1.83% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Lynn Michelle Jurich sold 50,000 shares of the business’s stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $9.96, for a total value of $498,000.00. Following the transaction, the director directly owned 367,405 shares in the company, valued at $3,659,353.80. The trade was a 11.98% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 223,045 shares of company stock valued at $2,934,835. Insiders own 3.55% of the company’s stock.

Institutional Trading of Sunrun

A number of institutional investors have recently modified their holdings of RUN. Farther Finance Advisors LLC increased its position in shares of Sunrun by 156.9% in the fourth quarter. Farther Finance Advisors LLC now owns 1,449 shares of the energy company’s stock worth $27,000 after purchasing an additional 885 shares during the period. Caitong International Asset Management Co. Ltd bought a new stake in Sunrun during the fourth quarter worth about $27,000. Hantz Financial Services Inc. grew its stake in Sunrun by 59.1% during the fourth quarter. Hantz Financial Services Inc. now owns 1,519 shares of the energy company’s stock worth $28,000 after buying an additional 564 shares in the last quarter. Kestra Advisory Services LLC acquired a new stake in Sunrun during the fourth quarter worth about $30,000. Finally, Salomon & Ludwin LLC increased its holdings in Sunrun by 49.2% in the 4th quarter. Salomon & Ludwin LLC now owns 1,693 shares of the energy company’s stock valued at $31,000 after buying an additional 558 shares during the period. 91.69% of the stock is currently owned by institutional investors.

Sunrun Company Profile

Sunrun, Inc (NASDAQ: RUN) is a leading provider of residential solar energy systems in the United States. The company designs, installs and maintains rooftop solar panels and battery storage solutions for homeowners under flexible financing arrangements. Customers can choose from leasing, power purchase agreements or solar ownership models, all of which are supported by Sunrun’s network of installation partners and service technicians. Sunrun also offers integrated home energy management services, including its Brightbox battery storage product, which enables customers to store solar energy for use during peak hours or power outages.

Founded in 2007 by Lynn Jurich, Ed Fenster and Nat Kreamer, Sunrun is headquartered in San Francisco, California.