Ayalon Insurance Comp Ltd. Has $1.57 Million Stake in Sunrun Inc. (NASDAQ:RUN)

Ayalon Insurance Comp Ltd. lessened its stake in Sunrun Inc. (NASDAQ:RUN - Free Report) by 30.1% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 87,091 shares of the energy company's stock after selling 37,447 shares during the period. Ayalon Insurance Comp Ltd.'s holdings in Sunrun were worth $1,573,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the stock. International Assets Investment Management LLC raised its stake in Sunrun by 1,706.3% during the third quarter. International Assets Investment Management LLC now owns 1,734 shares of the energy company's stock valued at $31,000 after buying an additional 1,638 shares in the last quarter. Blue Trust Inc. raised its stake in Sunrun by 385.5% during the third quarter. Blue Trust Inc. now owns 1,845 shares of the energy company's stock valued at $33,000 after buying an additional 1,465 shares in the last quarter. Duncker Streett & Co. Inc. acquired a new stake in Sunrun during the second quarter valued at approximately $36,000. BNP Paribas acquired a new stake in Sunrun during the first quarter valued at approximately $37,000. Finally, CWM LLC raised its stake in Sunrun by 883.9% during the second quarter. CWM LLC now owns 3,355 shares of the energy company's stock valued at $40,000 after buying an additional 3,014 shares in the last quarter. 91.69% of the stock is owned by institutional investors and hedge funds.

Sunrun Price Performance

Shares of NASDAQ:RUN traded up $0.36 on Thursday, reaching $14.45. 7,588,035 shares of the company traded hands, compared to its average volume of 11,781,101. Sunrun Inc. has a fifty-two week low of $8.82 and a fifty-two week high of $22.26. The company's 50 day moving average is $17.57 and its 200-day moving average is $15.27. The stock has a market capitalization of $3.20 billion, a PE ratio of -2.17 and a beta of 2.58. The company has a debt-to-equity ratio of 1.84, a current ratio of 1.66 and a quick ratio of 1.31.

Sunrun (NASDAQ:RUN - Get Free Report) last announced its quarterly earnings data on Tuesday, August 6th. The energy company reported $0.55 EPS for the quarter, beating analysts' consensus estimates of ($0.33) by $0.88. The company had revenue of $523.87 million during the quarter, compared to the consensus estimate of $516.76 million. Sunrun had a negative return on equity of 2.41% and a negative net margin of 66.36%. The company's quarterly revenue was down 11.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.25 EPS. As a group, analysts anticipate that Sunrun Inc. will post -0.17 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. JPMorgan Chase & Co. upped their price objective on Sunrun from $19.00 to $22.00 and gave the company an "overweight" rating in a research note on Wednesday, August 7th. Evercore ISI dropped their price target on Sunrun from $42.00 to $38.00 and set an "outperform" rating on the stock in a research report on Wednesday, August 7th. Oppenheimer increased their price target on Sunrun from $19.00 to $22.00 and gave the stock an "outperform" rating in a research report on Wednesday, August 7th. Morgan Stanley reiterated an "overweight" rating and set a $35.00 price target on shares of Sunrun in a research report on Tuesday, September 24th. Finally, Susquehanna dropped their price target on Sunrun from $24.00 to $23.00 and set a "positive" rating on the stock in a research report on Wednesday, October 16th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, the company has an average rating of "Hold" and a consensus price target of $22.79.

Insider Activity

In other news, Director Lynn Michelle Jurich sold 50,000 shares of the stock in a transaction on Friday, October 18th. The stock was sold at an average price of $14.60, for a total value of $730,000.00. Following the completion of the sale, the director now owns 1,142,446 shares in the company, valued at $16,679,711.60. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, Director Lynn Michelle Jurich sold 50,000 shares of the stock in a transaction on Friday, October 18th. The stock was sold at an average price of $14.60, for a total transaction of $730,000.00. Following the completion of the sale, the director now directly owns 1,142,446 shares in the company, valued at approximately $16,679,711.60. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CRO Paul S. Dickson sold 2,537 shares of the stock in a transaction on Friday, September 6th. The stock was sold at an average price of $18.23, for a total value of $46,249.51. Following the sale, the executive now owns 427,883 shares of the company's stock, valued at approximately $7,800,307.09. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 180,001 shares of company stock worth $3,220,345 over the last quarter. Corporate insiders own 3.76% of the company's stock.

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.