Boost Run (NASDAQ:BRUN – Get Free Report) shares shot up 4.5% during mid-day trading on Wednesday. The company traded as high as $8.47 and last traded at $8.4750. Approximately 291,181 shares changed hands during mid-day trading, a decline of 88% from the average daily volume of 2,364,122 shares. The stock had previously closed at $8.11.
Analysts Set New Price Targets
A number of equities analysts recently weighed in on BRUN shares. Northland Securities raised Boost Run to a “strong-buy” rating in a report on Monday, September 28th. Wall Street Zen cut shares of Boost Run from a “hold” rating to a “sell” rating in a research report on Saturday, October 3rd. Yorkville Ives started coverage on shares of Boost Run in a research report on Tuesday, October 6th. They set an “outperform” rating and a $24.00 price target on the stock. Weiss Ratings reissued a “sell (d)” rating on shares of Boost Run in a research note on Friday, September 18th. Finally, Zacks Research upgraded shares of Boost Run to a “hold” rating in a report on Tuesday, September 29th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $39.00.
View Our Latest Analysis on Boost Run
Boost Run Trading Down 7.3%
The business has a fifty day simple moving average of $14.45.
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 for the quarter. The company had revenue of $31.14 million for the quarter. Equities analysts anticipate that Boost Run will post -1.11 earnings per share for the current year.
Insider Activity
In other news, Director Sean Goodrich sold 500,000 shares of the stock in a transaction that occurred on Monday, September 14th. The stock was 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 owned 4,437,921 shares of the company’s stock, valued at approximately $62,130,894. This represents a 10.13% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Institutional Investors Weigh In On Boost Run
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. AWM Investment Company Inc. purchased a new stake in shares of Boost Run in the 2nd quarter worth about $31,581,000. Harraden Circle Investments LLC bought a new position in shares of Boost Run in the 2nd quarter worth about $28,390,000. Wellington Management Group LLP purchased a new position in Boost Run during the 2nd quarter valued at about $24,033,000. FirstWave Capital Management LLC purchased a new position in Boost Run during the 2nd quarter valued at about $3,440,000. Finally, Greenland Capital Management LP bought a new stake in Boost Run during the second quarter worth about $2,615,000.
About Boost Run
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
- Five stocks we like better than Boost Run
- Robinhood Stock Is Down Nearly 37%—So Why Is Wall Street Still So Bullish?
- 5 Stocks to Buy in November: Bargains Worth Giving Thanks For
- Phillips 66 Posts Strong Earnings But the Stock Doesn’t Care
- NXP Semiconductors Falls After Strong Earnings—Is the Sell-Off Overdone?
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.
