Boost Run (NASDAQ:BRUN) Reaches New 12-Month Low - Here's Why

Key Points

• Boost Run shares fell to a new 52-week low of $8.58 during Tuesday trading, closing near $8.78 and well below the 50-day moving average of $16.49.
• Analyst sentiment remains mixed but leans positive: the stock has a consensus “Moderate Buy” rating and a $39 average price target, despite recent downgrades and a “sell” rating from Weiss Ratings.
• 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 at $14 each; several institutional investors recently initiated sizeable positions.

Boost Run (NASDAQ:BRUN - Get Free Report)'s stock price reached a new 52-week low during mid-day trading on Tuesday. The company traded as low as $8.58 and last traded at $8.78, with a volume of 6,212,542 shares trading hands. The stock had previously closed at $8.89.

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. BTIG Research restated a "buy" rating and issued a $45.00 target price on shares of Boost Run in a research note on Friday, August 14th. Craig Hallum reiterated a "buy" rating on shares of Boost Run in a research report on Wednesday, July 1st. Yorkville Ives assumed coverage on Boost Run in a research report on Tuesday, October 6th. They set an "outperform" rating and a $24.00 price target on the stock. Zacks Research raised shares of Boost Run to a "hold" rating in a report on Tuesday, September 29th. Finally, Weiss Ratings reissued a "sell (d)" rating on shares of Boost Run in a report on Friday, September 18th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $39.00.

Boost Run Trading Down 1.2%

The company's 50-day simple moving average is $16.49.

Boost Run (NASDAQ:BRUN - Get Free Report) last released 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. As a group, analysts forecast that Boost Run will post -1.11 EPS for the current year.

Insider Buying and Selling

In related news, Director Sean Goodrich sold 500,000 shares of the business'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 completion of the transaction, the director directly owned 4,437,921 shares in the company, valued at $62,130,894. The trade was a 10.13% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Institutional Trading of Boost Run

Several institutional investors and hedge funds have recently modified their holdings of BRUN. AWM Investment Company Inc. purchased a new stake in Boost Run in the second quarter valued at approximately $31,581,000. Harraden Circle Investments LLC purchased a new position in Boost Run in the 2nd quarter worth approximately $28,390,000. Wellington Management Group LLP purchased a new position in Boost Run in the 2nd quarter worth approximately $24,033,000. FirstWave Capital Management LLC purchased a new position in Boost Run in the 2nd quarter worth approximately $3,440,000. Finally, Greenland Capital Management LP purchased a new position 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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