Boost Run (NASDAQ:BRUN – Get Free Report)’s stock price gapped down before the market opened on Friday. The stock had previously closed at $8.16, but opened at $7.32. Boost Run shares last traded at $7.49, with a volume of 183,346 shares changing hands.
Analysts Set New Price Targets
A number of equities analysts have issued reports on BRUN shares. BTIG Research restated a “buy” rating and issued a $45.00 price objective on shares of Boost Run in a research report on Friday, August 14th. Zacks Research upgraded shares of Boost Run to a “hold” rating in a report on Tuesday, September 29th. Northland Securities raised Boost Run to a “strong-buy” rating in a research note on Monday, September 28th. Weiss Ratings reissued a “sell (d)” rating on shares of Boost Run in a research note on Friday, September 18th. Finally, Wall Street Zen downgraded Boost Run from a “hold” rating to a “sell” rating in a report on Saturday, October 3rd. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $39.00.
Boost Run Price Performance
The company’s 50 day moving average is $14.45.
Boost Run (NASDAQ:BRUN – Get Free Report) last issued its quarterly earnings results on Friday, August 14th. The company reported ($0.24) earnings per share for the quarter. The company had revenue of $31.14 million during the quarter. On average, analysts forecast that Boost Run will post -1.11 earnings per share for the current year.
Insider Activity
In related news, Director Sean Goodrich sold 500,000 shares of the stock in a transaction dated Monday, September 14th. The shares were sold at an average price of $14.00, for a total value of $7,000,000.00. Following the completion of the transaction, the director directly owned 4,437,921 shares in the company, valued at $62,130,894. This trade represents a 10.13% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.
Institutional Investors Weigh In On Boost Run
Hedge funds have recently bought and sold shares of the business. State of Alaska Department of Revenue bought a new position in shares of Boost Run during the third quarter valued at approximately $45,000. State Street Corp purchased a new position in shares of Boost Run during the second quarter valued at approximately $2,441,000. Silicon Valley Capital Partners bought a new stake in shares of Boost Run in the 2nd quarter worth approximately $111,000. BlueCrest Capital Management Ltd bought a new stake in shares of Boost Run in the 2nd quarter worth approximately $1,940,000. Finally, WINTON GROUP Ltd bought a new stake in shares of Boost Run in the 2nd quarter worth approximately $411,000.
Boost Run Company Profile
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.
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