Boost Run (NASDAQ:BRUN) Hits New 12-Month Low - What's Next?

Key Points

• Boost Run shares hit a new 52-week low, falling to $6.94 before last trading at $7.1960, well below the 50-day moving average of $15.39.
• Analyst sentiment remains mixed but leans positive: MarketBeat reports a “Moderate Buy” consensus and a $39.00 average price target, despite one recent downgrade to “sell.”
• The company reported a quarterly loss of $0.24 per share on $31.14 million in revenue, while director Sean Goodrich sold 500,000 shares for $7 million and retained roughly 4.44 million shares.

Boost Run (NASDAQ:BRUN - Get Free Report)'s stock price reached a new 52-week low during trading on Monday. The stock traded as low as $6.94 and last traded at $7.1960, with a volume of 189,366 shares changing hands. The stock had previously closed at $7.22.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on BRUN shares. Zacks Research upgraded shares of Boost Run to a "hold" rating in a research note on Tuesday, September 29th. Craig Hallum reissued a "buy" rating on shares of Boost Run in a research note on Wednesday, July 1st. BTIG Research restated a "buy" rating and set a $45.00 target price on shares of Boost Run in a report on Friday, August 14th. Wall Street Zen cut Boost Run from a "hold" rating to a "sell" rating in a research report on Saturday, October 3rd. Finally, Yorkville Ives initiated coverage on Boost Run in a research report on Tuesday, October 6th. They set an "outperform" rating and a $24.00 target price on the stock. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $39.00.

Boost Run Stock Performance

The firm's 50-day moving average price is $15.39.

Boost Run (NASDAQ:BRUN - Get Free Report) last issued its quarterly earnings data on Friday, August 14th. The company reported ($0.24) earnings per share (EPS) for the quarter. The firm had revenue of $31.14 million for the quarter. Analysts anticipate that Boost Run will post -1.11 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director Sean Goodrich sold 500,000 shares of the company's stock in a transaction dated Monday, September 14th. The stock was sold at an average price of $14.00, for a total transaction of $7,000,000.00. Following the transaction, 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 sale was disclosed in a filing with the SEC, which is available at this link.

Institutional Investors Weigh In On Boost Run

Institutional investors have recently added to or reduced their stakes in the business. AWM Investment Company Inc. purchased a new stake in shares of Boost Run during the second quarter worth about $31,581,000. Harraden Circle Investments LLC purchased a new position in shares of Boost Run in the 2nd quarter valued at approximately $28,390,000. Wellington Management Group LLP acquired a new stake in Boost Run in the 2nd quarter worth approximately $24,033,000. FirstWave Capital Management LLC acquired a new stake in Boost Run in the 2nd quarter worth approximately $3,440,000. Finally, Greenland Capital Management LP acquired a new stake in Boost Run in the 2nd quarter worth approximately $2,615,000.

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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