BTIG Research Issues Pessimistic Forecast for Boost Run (NASDAQ:BRUN) Stock Price

Key Points

• BTIG Research lowered its price target for Boost Run to $25 but maintained a Buy rating; the target implies 311.52% upside from the prior close.
• Analyst views are mixed: MarketBeat’s consensus is “Moderate Buy,” with an average target of $35. Shares traded at $6.08 Thursday, down $1.30, and have ranged from $5 to $42 over the past year.
• Boost Run reported a quarterly loss of $0.17 per share, matching estimates, on $39.87 million in revenue. A company director also sold 500,000 shares at $14 each in September.

Boost Run (NASDAQ:BRUN - Get Free Report) had its target price lowered by analysts at BTIG Research to $25.00 in a research note issued to investors on Thursday, Benzinga reports. The brokerage presently has a "buy" rating on the stock. BTIG Research's target price would indicate a potential upside of 311.52% from the stock's previous close.

A number of other research firms have also recently commented on BRUN. Zacks Research upgraded Boost Run to a "hold" rating in a research report on Tuesday, September 29th. Northland Securities upgraded Boost Run to a "strong-buy" rating in a research report on Monday, September 28th. Wall Street Zen lowered Boost Run from a "hold" rating to a "sell" rating in a report on Saturday, October 3rd. Weiss Ratings restated a "sell (d)" rating on shares of Boost Run in a research report on Friday, September 18th. Finally, Yorkville Ives started coverage on Boost Run in a research note on Tuesday, October 6th. They set an "outperform" rating and a $24.00 target price for the company. 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 issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $35.00.

Boost Run Price Performance

BRUN stock traded down $1.30 during midday trading on Thursday, reaching $6.08. The stock had a trading volume of 4,345,802 shares, compared to its average volume of 2,480,721. The firm has a fifty day simple moving average of $12.35. Boost Run has a 52-week low of $5.00 and a 52-week high of $42.00.

Boost Run (NASDAQ:BRUN - Get Free Report) last posted its quarterly earnings results on Thursday, November 12th. The company reported ($0.17) earnings per share for the quarter, meeting the consensus estimate of ($0.17). The firm had revenue of $39.87 million for the quarter. As a group, equities research analysts expect that Boost Run will post -1.11 earnings per share for the current year.

Insiders Place Their Bets

In other Boost Run news, Director Sean Goodrich sold 500,000 shares of Boost Run 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 transaction, the director directly owned 4,437,921 shares in the company, valued at approximately $62,130,894. This trade represents a 10.13% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Institutional Investors Weigh In On Boost Run

Several large investors have recently modified their holdings of the stock. State Street Corp grew its position in Boost Run by 544.1% in the 3rd quarter. State Street Corp now owns 405,127 shares of the company's stock valued at $6,685,000 after buying an additional 342,227 shares during the last quarter. Ieq Capital LLC acquired a new stake in shares of Boost Run in the 3rd quarter worth $578,000. HighTower Advisors LLC purchased a new stake in shares of Boost Run in the third quarter valued at about $362,000. CenterBook Partners LP acquired a new position in shares of Boost Run during the third quarter worth about $1,541,000. Finally, State of Alaska Department of Revenue acquired a new position in shares of Boost Run during the third quarter worth about $45,000.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.