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

Key Points

• Analysts maintain a “Moderate Buy” consensus on Boost Run, with three buy ratings, one strong buy, one hold and one sell. The average 12-month price target is $42.75, well above the stock’s $11.79 opening price.
• Boost Run shares have fallen sharply, trading near their one-year low of $11.72 versus a one-year high of $42.00. The company reported a quarterly loss of $0.24 per share on $31.14 million in revenue, and analysts expect a full-year loss of $1.95 per share.
• Director Sean Goodrich sold 500,000 shares for $7 million, reducing his position by 10.13%; meanwhile, several institutional investors established new positions during the second quarter.

Shares of Boost Run (NASDAQ:BRUN - Get Free Report) have been assigned an average recommendation of "Moderate Buy" from the six brokerages that are presently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell rating, one has given a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $42.75.

Several research analysts have recently issued reports on the company. Northland Securities upgraded Boost Run to a "strong-buy" rating in a research note on Monday, September 28th. Craig Hallum reiterated a "buy" rating on shares of Boost Run in a research report on Wednesday, July 1st. Weiss Ratings reiterated a "sell (d)" rating on shares of Boost Run in a research report on Friday, September 18th. BTIG Research reiterated a "buy" rating and issued a $45.00 price target on shares of Boost Run in a report on Friday, August 14th. Finally, Wall Street Zen lowered shares of Boost Run from a "hold" rating to a "sell" rating in a research report on Saturday, October 3rd.

Boost Run Stock Down 10.5%

Shares of BRUN stock opened at $11.79 on Tuesday. The stock has a fifty day moving average price of $17.41. Boost Run has a 1 year low of $11.72 and a 1 year high of $42.00.

Boost Run (NASDAQ:BRUN - Get Free Report) last issued its quarterly earnings results on Friday, August 14th. The company reported ($0.24) EPS for the quarter. The business had revenue of $31.14 million during the quarter. Analysts forecast that Boost Run will post -1.95 EPS for the current fiscal year.

Insider Activity at Boost Run

In other news, Director Sean Goodrich sold 500,000 shares of the company's stock in a transaction on 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 sale, the director directly owned 4,437,921 shares of the company's stock, valued at $62,130,894. This represents a 10.13% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. State Street Corp acquired a new stake in Boost Run during the 2nd quarter worth about $2,441,000. Silicon Valley Capital Partners acquired a new position in shares of Boost Run in the 2nd quarter valued at about $111,000. BlueCrest Capital Management Ltd acquired a new position in shares of Boost Run in the 2nd quarter valued at about $1,940,000. WINTON GROUP Ltd purchased a new stake in shares of Boost Run in the second quarter worth about $411,000. Finally, Greenland Capital Management LP purchased a new stake in shares of Boost Run in 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.

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