Boost Run (NASDAQ:BRUN) Shares Down 9% - Time to Sell?

Key Points

• Boost Run shares fell 9% to about $8.01, substantially below the 50-day moving average of $14.67, with roughly 2.1 million shares traded.
• Analyst views are mixed, but the stock carries a consensus “Moderate Buy” rating and a $39 average price target, despite recent sell and hold downgrades.
• The company reported a quarterly loss of $0.24 per share on $31.14 million in revenue, while a director sold 500,000 shares at $14 each, reducing his ownership by 10.13%.

Boost Run (NASDAQ:BRUN - Get Free Report)'s share price traded down 9% during mid-day trading on Thursday. The stock traded as low as $8.04 and last traded at $8.0060. Approximately 2,112,490 shares traded hands during mid-day trading, a decline of 12% from the average daily volume of 2,394,513 shares. The stock had previously closed at $8.80.

Analyst Ratings Changes

Several research firms have recently weighed in on BRUN. BTIG Research restated a "buy" rating and issued a $45.00 price target on shares of Boost Run in a research note on Friday, August 14th. Weiss Ratings reaffirmed a "sell (d)" rating on shares of Boost Run in a research report on Friday, September 18th. Zacks Research upgraded shares of Boost Run to a "hold" rating in a research note on Tuesday, September 29th. Wall Street Zen lowered shares of Boost Run from a "hold" rating to a "sell" rating in a research note on Saturday, October 3rd. Finally, Yorkville Ives began coverage on Boost Run in a report on Tuesday, October 6th. They set an "outperform" rating and a $24.00 price target on the stock. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $39.00.

Boost Run Price Performance

The company's 50 day moving average price is $14.67.

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

Insiders Place Their Bets

In other Boost Run 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 transaction, the director directly owned 4,437,921 shares in the company, valued at approximately $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 accessible through this hyperlink.

Institutional Investors Weigh In On Boost Run

Several hedge funds and other institutional investors have recently modified their holdings of BRUN. State of Alaska Department of Revenue purchased a new position in Boost Run during the third quarter valued at $45,000. Silicon Valley Capital Partners purchased a new stake in Boost Run in the second quarter worth about $111,000. WINTON GROUP Ltd purchased a new stake in Boost Run in the second quarter worth about $411,000. Fund 1 Investments LLC bought a new position in shares of Boost Run in the second quarter worth about $1,005,000. Finally, BlueCrest Capital Management Ltd bought a new position in shares of Boost Run in the second quarter worth about $1,940,000.

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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