Harel Insurance Investments & Financial Services Ltd. Sells 1,452 Shares of Sunrun Inc. (NASDAQ:RUN)

Harel Insurance Investments & Financial Services Ltd. reduced its holdings in shares of Sunrun Inc. (NASDAQ:RUN) by 33.7% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,856 shares of the energy company’s stock after selling 1,452 shares during the quarter. Harel Insurance Investments & Financial Services Ltd.’s holdings in Sunrun were worth $26,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Principal Financial Group Inc. boosted its position in shares of Sunrun by 33.7% in the third quarter. Principal Financial Group Inc. now owns 1,460,949 shares of the energy company’s stock valued at $26,385,000 after acquiring an additional 367,835 shares during the period. Erste Asset Management GmbH acquired a new position in shares of Sunrun during the 3rd quarter worth approximately $76,152,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its holdings in shares of Sunrun by 113.5% during the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 2,515,302 shares of the energy company’s stock worth $45,426,000 after purchasing an additional 1,337,302 shares during the period. Aigen Investment Management LP acquired a new stake in shares of Sunrun in the third quarter valued at approximately $955,000. Finally, Assenagon Asset Management S.A. grew its position in Sunrun by 207.3% during the third quarter. Assenagon Asset Management S.A. now owns 1,375,584 shares of the energy company’s stock worth $24,843,000 after buying an additional 927,947 shares in the last quarter. 91.69% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

RUN has been the subject of several analyst reports. Morgan Stanley dropped their price objective on Sunrun from $35.00 to $27.00 and set an “overweight” rating for the company in a report on Friday, November 15th. The Goldman Sachs Group cut their price objective on shares of Sunrun from $19.00 to $17.00 and set a “buy” rating for the company in a research report on Tuesday, December 17th. Oppenheimer decreased their target price on shares of Sunrun from $22.00 to $20.00 and set an “outperform” rating on the stock in a report on Friday, November 8th. BMO Capital Markets cut their price target on shares of Sunrun from $20.00 to $11.00 and set a “market perform” rating for the company in a report on Monday, November 11th. Finally, Truist Financial reissued a “hold” rating and issued a $12.00 price objective (down from $18.00) on shares of Sunrun in a research note on Tuesday, November 12th. Two investment 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 MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $19.11.

Sunrun Price Performance

Shares of NASDAQ:RUN opened at $10.23 on Monday. The company has a debt-to-equity ratio of 1.92, a quick ratio of 1.15 and a current ratio of 1.47. Sunrun Inc. has a 52 week low of $8.22 and a 52 week high of $22.26. The firm has a market cap of $2.29 billion, a PE ratio of -5.62 and a beta of 2.58. The firm’s fifty day moving average is $10.23 and its 200-day moving average is $14.56.

Sunrun (NASDAQ:RUN) last released its quarterly earnings results on Thursday, November 7th. The energy company reported ($0.37) EPS for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.21). The company had revenue of $537.17 million during the quarter, compared to the consensus estimate of $560.60 million. Sunrun had a negative net margin of 18.80% and a negative return on equity of 5.15%. During the same quarter last year, the firm posted $0.40 EPS. Sell-side analysts predict that Sunrun Inc. will post -0.41 earnings per share for the current year.

Insider Transactions at Sunrun

In other Sunrun news, Director Lynn Michelle Jurich sold 50,000 shares of the business’s stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $9.94, for a total transaction of $497,000.00. Following the completion of the sale, the director now owns 1,092,446 shares in the company, valued at approximately $10,858,913.24. The trade was a 4.38 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CRO Paul S. Dickson sold 2,968 shares of the firm’s stock in a transaction on Monday, January 6th. The shares were sold at an average price of $11.18, for a total transaction of $33,182.24. Following the completion of the transaction, the executive now directly owns 418,492 shares in the company, valued at $4,678,740.56. This trade represents a 0.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 164,830 shares of company stock valued at $1,614,147 in the last quarter. 3.77% of the stock is currently owned by company insiders.

Sunrun Profile

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.