Boost Run (NASDAQ:BRUN) Stock Has Average Price Target of $42.75

Shares of Boost Run (NASDAQ:BRUN – Get Free Report) have been assigned an average rating of “Moderate Buy” from the six research firms that are covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation, three have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $42.75.

Several equities analysts have issued reports on BRUN shares. Craig Hallum reiterated a “buy” rating on shares of Boost Run in a research report on Wednesday, July 1st. Weiss Ratings reissued a “sell (d)” rating on shares of Boost Run in a research note on Friday, September 18th. BTIG Research reissued a “buy” rating and issued a $45.00 price target on shares of Boost Run in a report on Friday, August 14th. Zacks Research raised Boost Run to a “hold” rating in a report on Tuesday, September 29th. Finally, Northland Securities upgraded Boost Run to a “strong-buy” rating in a research note on Monday, September 28th.

Get Our Latest Report on Boost Run

Boost Run Trading Down 11.8%

Shares of Boost Run stock opened at $8.89 on Tuesday. Boost Run has a 52-week low of $8.81 and a 52-week high of $42.00. The business’s 50-day moving average price is $16.66.

Boost Run (NASDAQ:BRUN – Get Free Report) last posted 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. Equities analysts anticipate that Boost Run will post -1.11 earnings per share for the current fiscal year.

Insider Transactions at Boost Run

In other Boost Run news, Director Sean Goodrich sold 500,000 shares of the stock in a transaction 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 in the company, valued at approximately $62,130,894. This represents a 10.13% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

Institutional Investors Weigh In On Boost Run

Several institutional investors have recently made changes to their positions in the stock. FirstWave Capital Management LLC acquired a new position in shares of Boost Run during the 2nd quarter worth $3,440,000. Wellington Management Group LLP purchased a new position in shares of Boost Run in the 2nd quarter valued at about $24,033,000. State Street Corp acquired a new stake in shares of Boost Run in the second quarter valued at about $2,441,000. BlueCrest Capital Management Ltd acquired a new stake in shares of Boost Run in the second quarter valued at about $1,940,000. Finally, AWM Investment Company Inc. acquired a new stake in shares of Boost Run in the second quarter valued at about $31,581,000.

About Boost Run

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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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Analyst Recommendations for Boost Run (NASDAQ:BRUN)

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