Townsquare Capital LLC Purchases 68,481 Shares of Sunrun Inc. (NASDAQ:RUN)

Townsquare Capital LLC increased its position in Sunrun Inc. (NASDAQ:RUN) by 37.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 251,338 shares of the energy company’s stock after purchasing an additional 68,481 shares during the quarter. Townsquare Capital LLC’s holdings in Sunrun were worth $2,325,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. Wilmington Savings Fund Society FSB acquired a new position in shares of Sunrun in the 3rd quarter valued at $44,000. Aster Capital Management DIFC Ltd acquired a new position in Sunrun in the fourth quarter worth about $29,000. Newbridge Financial Services Group Inc. lifted its stake in Sunrun by 133.3% during the fourth quarter. Newbridge Financial Services Group Inc. now owns 3,500 shares of the energy company’s stock worth $32,000 after purchasing an additional 2,000 shares during the period. Summit Securities Group LLC acquired a new stake in Sunrun during the fourth quarter valued at approximately $53,000. Finally, Union Bancaire Privee UBP SA bought a new stake in shares of Sunrun in the 4th quarter valued at approximately $56,000. Institutional investors and hedge funds own 91.69% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently commented on RUN shares. Jefferies Financial Group lowered Sunrun from a “buy” rating to a “hold” rating and decreased their price target for the company from $14.00 to $8.00 in a research note on Wednesday, March 12th. Truist Financial reaffirmed a “hold” rating and issued a $9.00 target price (down previously from $12.00) on shares of Sunrun in a report on Monday, March 3rd. BMO Capital Markets cut their price target on shares of Sunrun from $11.00 to $9.00 and set a “market perform” rating for the company in a report on Monday, March 3rd. UBS Group decreased their price objective on shares of Sunrun from $17.00 to $15.00 and set a “buy” rating on the stock in a research note on Tuesday, March 4th. Finally, Royal Bank of Canada cut their target price on shares of Sunrun from $17.00 to $14.00 and set an “outperform” rating for the company in a research note on Monday, March 3rd. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $16.58.

Insiders Place Their Bets

In other Sunrun news, CFO Danny Abajian sold 16,927 shares of the firm’s stock in a transaction dated Monday, April 7th. The stock was sold at an average price of $6.74, for a total transaction of $114,087.98. Following the transaction, the chief financial officer now owns 231,279 shares in the company, valued at approximately $1,558,820.46. This trade represents a 6.82 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Lynn Michelle Jurich sold 50,000 shares of the company’s stock in a transaction dated Friday, January 17th. The shares were sold at an average price of $9.59, for a total value of $479,500.00. Following the completion of the sale, the director now directly owns 991,753 shares of the company’s stock, valued at approximately $9,510,911.27. This trade represents a 4.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 188,540 shares of company stock valued at $1,530,444. Company insiders own 3.77% of the company’s stock.

Sunrun Trading Down 1.6 %

RUN opened at $6.71 on Wednesday. The firm has a 50 day simple moving average of $7.10 and a 200 day simple moving average of $10.07. Sunrun Inc. has a fifty-two week low of $5.45 and a fifty-two week high of $22.26. The company has a market cap of $1.52 billion, a price-to-earnings ratio of -3.69 and a beta of 2.74. The company has a debt-to-equity ratio of 1.92, a current ratio of 1.47 and a quick ratio of 1.15.

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.