Boost Run (NASDAQ:BRUN) Stock Rated "Moderate Buy" by Wall Street Brokerages

Key Points

• Analysts give Boost Run a “Moderate Buy” consensus: Of seven firms, four rate it buy, one strong buy, one hold, and one sell. Their average one-year price target is $39.
• BRUN opened at $6.09, near its 52-week low of $5.40 and far below its $42 high; the shares’ 50-day moving average was $12.96.
• The company reported a quarterly loss of $0.24 per share on $31.14 million in revenue. Separately, a director sold 500,000 shares for $7 million, reducing his stake by 10.13%.

Boost Run (NASDAQ:BRUN - Get Free Report) has been assigned a consensus rating of "Moderate Buy" from the seven research firms that are currently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, one has given a hold recommendation, four have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $39.00.

A number of research analysts have issued reports on BRUN shares. Zacks Research upgraded shares of Boost Run to a "hold" rating in a research report on Tuesday, September 29th. Weiss Ratings reiterated a "sell (d)" rating on shares of Boost Run in a research report on Friday, September 18th. Northland Securities upgraded Boost Run to a "strong-buy" rating in a report on Monday, September 28th. Wall Street Zen lowered shares of Boost Run from a "hold" rating to a "sell" rating in a report on Saturday, October 3rd. Finally, Yorkville Ives initiated coverage on Boost Run in a research note on Tuesday, October 6th. They set an "outperform" rating and a $24.00 price target on the stock.

Insiders Place Their Bets

In related news, Director Sean Goodrich sold 500,000 shares of the stock in a transaction that occurred 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 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 SEC, which is available at this link.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in BRUN. CenterBook Partners LP bought a new stake in Boost Run during the 3rd quarter worth approximately $1,541,000. State of Alaska Department of Revenue purchased a new position in Boost Run during the 3rd quarter valued at approximately $45,000. State Street Corp bought a new stake in shares of Boost Run during the 2nd quarter worth approximately $2,441,000. Silicon Valley Capital Partners purchased a new position in Boost Run during the second quarter valued at approximately $111,000. Finally, BlueCrest Capital Management Ltd acquired a new position in shares of Boost Run in the 2nd quarter valued at $1,940,000.

Boost Run Stock Up 9.5%

BRUN stock opened at $6.09 on Friday. Boost Run has a fifty-two week low of $5.40 and a fifty-two week high of $42.00. The firm has a fifty day simple moving average of $12.96.

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 for the quarter. The firm had revenue of $31.14 million for the quarter. Analysts predict that Boost Run will post -1.11 earnings per share for the current year.

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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