Boost Run (NASDAQ:BRUN) Stock Rating Raised to “Strong-Buy” at Northland Securities

Northland Securities upgraded shares of Boost Run (NASDAQ:BRUN – Free Report) to a strong-buy rating in a research note published on Monday morning,Zacks reports.

Other analysts have also issued research reports about the stock. Weiss Ratings reiterated a “sell (d)” rating on shares of Boost Run in a research report on Friday, September 18th. DA Davidson lifted their price objective on Boost Run from $25.00 to $45.00 and gave the stock a “buy” rating in a report on Monday, June 1st. BTIG Research reissued a “buy” rating and set a $45.00 target price on shares of Boost Run in a report on Friday, August 14th. Craig Hallum restated a “buy” rating on shares of Boost Run in a research report on Wednesday, July 1st. Finally, Wall Street Zen upgraded Boost Run from a “sell” rating to a “hold” rating in a research report on Saturday, August 22nd. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $42.75.

Check Out Our Latest Research Report on BRUN

Boost Run Price Performance

Shares of BRUN stock opened at $16.24 on Monday. Boost Run has a 1-year low of $13.48 and a 1-year high of $42.00. The stock’s 50 day simple moving average is $18.66.

Boost Run (NASDAQ:BRUN – Get Free Report) last released its quarterly earnings results on Friday, August 14th. The company reported ($0.24) earnings per share (EPS) for the quarter. The company had revenue of $31.14 million for the quarter.

Insiders Place Their Bets

In other news, Director Sean Goodrich sold 500,000 shares of the business’s stock in a transaction that occurred on Monday, September 14th. The stock was sold at an average price of $14.00, for a total transaction of $7,000,000.00. Following the transaction, the director directly owned 4,437,921 shares in the company, valued at $62,130,894. The trade was a 10.13% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

Hedge Funds Weigh In On Boost Run

Institutional investors have recently added to or reduced their stakes in the stock. AWM Investment Company Inc. purchased a new position in shares of Boost Run during the 2nd quarter worth $31,581,000. Harraden Circle Investments LLC acquired a new position in Boost Run in the 2nd quarter valued at about $28,390,000. Wellington Management Group LLP purchased a new stake in shares of Boost Run in the 2nd quarter valued at approximately $24,033,000. FirstWave Capital Management LLC acquired a new stake in shares of Boost Run during the 2nd quarter worth approximately $3,440,000. Finally, Greenland Capital Management LP purchased a new position in Boost Run in the second quarter worth approximately $2,615,000.

About Boost Run

(Get Free Report)

Boost Run, Inc develops and provides cloud infrastructure for artificial intelligence (AI) and computing workloads. The company’s platform delivers GPU computes, CPU nodes, managed Kubernetes orchestration, shared network storage, networking fabric, and hyperscaler interconnects. The company was founded in 2023 and is based in Northbrook, Illinois.

Further Reading

Analyst Recommendations for Boost Run (NASDAQ:BRUN)

Receive News & Ratings for Boost Run Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Boost Run and related companies with MarketBeat.com's FREE daily email newsletter.