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

Key Points

• Boost Run shares hit a new 52-week low of $6.63 and were last trading near $7.18, well below their 50-day moving average of $14.21.
• Despite the selloff, analysts maintain a consensus “Moderate Buy” rating with a $39 price target, although ratings range from Strong Buy 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 in September.

Shares of Boost Run (NASDAQ:BRUN - Get Free Report) reached a new 52-week low on Monday. The company traded as low as $6.63 and last traded at $7.1810, with a volume of 587,693 shares. The stock had previously closed at $7.12.

Wall Street Analysts Forecast Growth

BRUN has been the topic of a number of research reports. Northland Securities raised Boost Run to a "strong-buy" rating in a report on Monday, September 28th. Zacks Research upgraded Boost Run to a "hold" rating in a research report on Tuesday, September 29th. Wall Street Zen downgraded shares of Boost Run from a "hold" rating to a "sell" rating in a research note 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, BTIG Research reissued a "buy" rating and issued a $45.00 price objective on shares of Boost Run in a research note on Friday, August 14th. One 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 stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $39.00.

Boost Run Stock Down 0.5%

The business has a fifty day moving average of $14.21.

Boost Run (NASDAQ:BRUN - Get Free Report) last released its earnings results on Friday, August 14th. The company reported ($0.24) earnings per share (EPS) for the quarter. The business had revenue of $31.14 million during the quarter. Equities analysts expect that Boost Run will post -1.11 EPS for the current fiscal year.

Insider Activity at Boost Run

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

Hedge Funds Weigh In On Boost Run

Hedge funds have recently bought and sold shares of the company. AWM Investment Company Inc. bought a new position in shares of Boost Run during the 2nd quarter valued at about $31,581,000. Harraden Circle Investments LLC bought a new position in Boost Run in the 2nd quarter worth $28,390,000. Wellington Management Group LLP purchased a new position in shares of Boost Run during the second quarter valued at about $24,033,000. FirstWave Capital Management LLC bought a new position in shares of Boost Run in the 2nd quarter worth approximately $3,440,000. Finally, Greenland Capital Management LP purchased a new position in shares of Boost Run in the 2nd quarter valued at approximately $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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