Migdal Insurance & Financial Holdings Ltd. Sells 3,000 Shares of Sunrun Inc. (NASDAQ:RUN)

Migdal Insurance & Financial Holdings Ltd. lessened its holdings in Sunrun Inc. (NASDAQ:RUN) by 27.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,870 shares of the energy company’s stock after selling 3,000 shares during the quarter. Migdal Insurance & Financial Holdings Ltd.’s holdings in Sunrun were worth $157,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in RUN. International Assets Investment Management LLC bought a new stake in shares of Sunrun in the third quarter worth $26,000. C M Bidwell & Associates Ltd. lifted its position in shares of Sunrun by 1,483.9% in the third quarter. C M Bidwell & Associates Ltd. now owns 2,360 shares of the energy company’s stock worth $30,000 after purchasing an additional 2,211 shares in the last quarter. Fifth Third Bancorp lifted its position in shares of Sunrun by 76.9% in the fourth quarter. Fifth Third Bancorp now owns 1,758 shares of the energy company’s stock worth $35,000 after purchasing an additional 764 shares in the last quarter. Versant Capital Management Inc lifted its position in shares of Sunrun by 149.7% in the fourth quarter. Versant Capital Management Inc now owns 1,880 shares of the energy company’s stock worth $37,000 after purchasing an additional 1,127 shares in the last quarter. Finally, Hexagon Capital Partners LLC increased its holdings in Sunrun by 69.8% during the third quarter. Hexagon Capital Partners LLC now owns 3,345 shares of the energy company’s stock worth $42,000 after buying an additional 1,375 shares during the last quarter. Institutional investors own 91.69% of the company’s stock.

Insider Activity at Sunrun

In related news, Director Edward Harris Fenster sold 172,920 shares of the company’s stock in a transaction dated Thursday, April 11th. The shares were sold at an average price of $11.95, for a total value of $2,066,394.00. Following the transaction, the director now directly owns 1,261,317 shares in the company, valued at $15,072,738.15. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, Director Edward Harris Fenster sold 172,920 shares of the company’s stock in a transaction dated Thursday, April 11th. The shares were sold at an average price of $11.95, for a total transaction of $2,066,394.00. Following the completion of the sale, the director now owns 1,261,317 shares of the company’s stock, valued at $15,072,738.15. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Mary Powell sold 5,424 shares of the company’s stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $12.12, for a total transaction of $65,738.88. Following the sale, the chief executive officer now directly owns 411,628 shares of the company’s stock, valued at approximately $4,988,931.36. The disclosure for this sale can be found here. Over the last three months, insiders have sold 301,760 shares of company stock worth $3,615,990. Corporate insiders own 3.76% of the company’s stock.

Sunrun Price Performance

RUN stock opened at $10.11 on Friday. The company has a debt-to-equity ratio of 1.68, a quick ratio of 0.96 and a current ratio of 1.26. The company’s 50-day simple moving average is $12.47 and its 200 day simple moving average is $13.17. Sunrun Inc. has a 52 week low of $8.43 and a 52 week high of $23.85.

Sunrun (NASDAQ:RUN) last released its quarterly earnings results on Wednesday, February 21st. The energy company reported ($1.33) EPS for the quarter, missing the consensus estimate of ($0.13) by ($1.20). Sunrun had a negative net margin of 71.00% and a negative return on equity of 5.58%. The business had revenue of $516.59 million during the quarter, compared to analyst estimates of $499.74 million. Sell-side analysts forecast that Sunrun Inc. will post -1.69 earnings per share for the current fiscal year.

Analysts Set New Price Targets

RUN has been the topic of a number of recent analyst reports. Truist Financial restated a “hold” rating and set a $14.00 target price (down from $15.00) on shares of Sunrun in a report on Monday, February 26th. Royal Bank of Canada lowered their target price on shares of Sunrun from $17.00 to $15.00 and set an “outperform” rating on the stock in a report on Friday, March 15th. Susquehanna restated a “positive” rating and set a $25.00 target price on shares of Sunrun in a report on Friday, April 5th. Mizuho boosted their target price on shares of Sunrun from $23.00 to $28.00 and gave the stock a “buy” rating in a report on Wednesday, January 3rd. Finally, BMO Capital Markets boosted their target price on shares of Sunrun from $18.00 to $20.00 and gave the stock a “market perform” rating in a report on Thursday, February 22nd. One analyst has rated the stock with a sell rating, seven have issued a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $21.53.

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.