Good Life Advisors LLC Sells 5,274 Shares of Sunrun Inc. (NASDAQ:RUN)

Good Life Advisors LLC lessened its position in Sunrun Inc. (NASDAQ:RUN) by 26.9% during the fourth quarter, Holdings Channel.com reports. The fund owned 14,318 shares of the energy company’s stock after selling 5,274 shares during the period. Good Life Advisors LLC’s holdings in Sunrun were worth $132,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the company. Creative Planning boosted its stake in shares of Sunrun by 0.3% during the 3rd quarter. Creative Planning now owns 290,259 shares of the energy company’s stock valued at $5,242,000 after purchasing an additional 784 shares in the last quarter. Blue Trust Inc. boosted its stake in shares of Sunrun by 385.5% during the 3rd quarter. Blue Trust Inc. now owns 1,845 shares of the energy company’s stock valued at $33,000 after purchasing an additional 1,465 shares in the last quarter. Sequoia Financial Advisors LLC bought a new stake in shares of Sunrun during the 3rd quarter valued at about $181,000. International Assets Investment Management LLC boosted its stake in shares of Sunrun by 1,706.3% during the 3rd quarter. International Assets Investment Management LLC now owns 1,734 shares of the energy company’s stock valued at $31,000 after purchasing an additional 1,638 shares in the last quarter. Finally, Assenagon Asset Management S.A. boosted its stake in shares of Sunrun by 207.3% during the 3rd quarter. Assenagon Asset Management S.A. now owns 1,375,584 shares of the energy company’s stock valued at $24,843,000 after purchasing an additional 927,947 shares in the last quarter. Institutional investors own 91.69% of the company’s stock.

Sunrun Stock Down 1.4 %

Shares of Sunrun stock opened at $8.42 on Friday. The company has a debt-to-equity ratio of 1.92, a quick ratio of 1.15 and a current ratio of 1.47. The stock has a market capitalization of $1.89 billion, a PE ratio of -4.63 and a beta of 2.59. Sunrun Inc. has a 52-week low of $7.87 and a 52-week high of $22.26. The company has a 50-day simple moving average of $9.44 and a two-hundred day simple moving average of $13.45.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the stock. BNP Paribas raised shares of Sunrun from a “neutral” rating to an “outperform” rating and set a $16.00 target price on the stock in a research note on Tuesday, January 7th. Truist Financial reaffirmed a “hold” rating and set a $12.00 target price (down previously from $18.00) on shares of Sunrun in a research note on Tuesday, November 12th. Barclays lowered their price target on shares of Sunrun from $18.00 to $15.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 28th. Piper Sandler cut shares of Sunrun from an “overweight” rating to a “neutral” rating and lowered their price target for the company from $23.00 to $11.00 in a research report on Friday, November 22nd. Finally, Morgan Stanley lowered their price target on shares of Sunrun from $35.00 to $27.00 and set an “overweight” rating for the company in a research report on Friday, November 15th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $18.36.

Insider Transactions at Sunrun

In other news, Director Lynn Michelle Jurich sold 50,000 shares of Sunrun stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $9.10, for a total value of $455,000.00. Following the completion of the sale, the director now directly owns 941,753 shares in the company, valued at $8,569,952.30. The trade was a 5.04 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Danny Abajian sold 3,734 shares of Sunrun stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $11.18, for a total transaction of $41,746.12. Following the completion of the sale, the chief financial officer now owns 257,969 shares of the company’s stock, valued at $2,884,093.42. This represents a 1.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 164,830 shares of company stock worth $1,572,147 over the last three months. 3.77% of the stock is currently owned by company insiders.

Sunrun Company 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.