Boost Run (NASDAQ:BRUN) Shares Gap Up - Here's Why

Key Points

• Boost Run shares jumped 16%, opening at $7.19 versus the prior close of $6.39, and last traded at $7.1180.
• Analyst views are mixed, but the consensus is “Moderate Buy” with an average price target of $39.00; individual ratings range from Sell to Strong Buy.
• The company reported quarterly revenue of $31.14 million and a loss of $0.24 per share. Director Sean Goodrich also sold 500,000 shares for $7 million, reducing his stake by 10.13%.

Boost Run (NASDAQ:BRUN - Get Free Report)'s share price gapped up before the market opened on Wednesday. The stock had previously closed at $6.39, but opened at $7.19. Boost Run shares last traded at $7.1180, with a volume of 306,568 shares.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the stock. Weiss Ratings reissued a "sell (d)" rating on shares of Boost Run in a research report on Friday, September 18th. BTIG Research restated a "buy" rating and issued a $45.00 price target on shares of Boost Run in a report on Friday, August 14th. Northland Securities raised shares of Boost Run to a "strong-buy" rating in a research report on Monday, September 28th. Wall Street Zen downgraded shares of Boost Run from a "hold" rating to a "sell" rating in a research note on Saturday, October 3rd. Finally, Yorkville Ives assumed coverage on shares of Boost Run in a report on Tuesday, October 6th. They set an "outperform" rating and a $24.00 price objective on the stock. One investment 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 given a Sell rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $39.00.

Boost Run Stock Up 16.0%

The company has a 50-day simple moving average of $12.53.

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 for the quarter. The company had revenue of $31.14 million during the quarter. As a group, equities analysts anticipate that Boost Run will post -1.11 EPS for the current year.

Insider Activity at Boost Run

In other Boost Run news, Director Sean Goodrich sold 500,000 shares of the stock in a transaction dated Monday, September 14th. The shares were sold at an average price of $14.00, for a total transaction of $7,000,000.00. Following the completion of the sale, the director directly owned 4,437,921 shares of the company's stock, valued at approximately $62,130,894. This represents a 10.13% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of BRUN. Ieq Capital LLC purchased a new stake in Boost Run during the third quarter valued at approximately $578,000. HighTower Advisors LLC purchased a new position in Boost Run in the third quarter worth $362,000. CenterBook Partners LP purchased a new position in Boost Run in the third quarter worth $1,541,000. State of Alaska Department of Revenue purchased a new position in Boost Run in the third quarter worth $45,000. Finally, State Street Corp acquired a new position in shares of Boost Run during the second quarter worth $2,441,000.

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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