Boost Run (NASDAQ:BRUN) Shares Gap Up - Still a Buy?

Key Points

• Boost Run shares opened higher at $9.38 versus a prior close of $8.89, but later traded at $8.8070 on volume of 872,476 shares.
• Analyst sentiment is mixed, ranging from “strong buy” to “sell,” though the consensus rating is “Moderate Buy” with an average price target of $39.00.
• 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.

Shares of Boost Run (NASDAQ:BRUN - Get Free Report) gapped up before the market opened on Monday. The stock had previously closed at $8.89, but opened at $9.38. Boost Run shares last traded at $8.8070, with a volume of 872,476 shares.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. Zacks Research upgraded shares of 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 report on Saturday, October 3rd. Northland Securities upgraded shares of Boost Run to a "strong-buy" rating in a report on Monday, September 28th. Weiss Ratings restated a "sell (d)" rating on shares of Boost Run in a research note on Friday, September 18th. Finally, Yorkville Ives initiated coverage on Boost Run in a research note on Tuesday, October 6th. They issued an "outperform" rating and a $24.00 target price on the stock. One 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. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $39.00.

Boost Run Price Performance

The firm's 50-day moving average price is $16.66.

Boost Run (NASDAQ:BRUN - Get Free Report) last released its quarterly earnings data on Friday, August 14th. The company reported ($0.24) EPS for the quarter. The firm had revenue of $31.14 million for the quarter. As a group, equities analysts expect that Boost Run will post -1.11 EPS for the current fiscal year.

Insider Buying and Selling at Boost Run

In related news, Director Sean Goodrich sold 500,000 shares of the 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 sale, the director 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 sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of BRUN. State of Alaska Department of Revenue bought a new position in shares of Boost Run in the 3rd quarter worth $45,000. Silicon Valley Capital Partners bought a new stake in shares of Boost Run during the 2nd quarter worth $111,000. WINTON GROUP Ltd bought a new stake in shares of Boost Run during the 2nd quarter worth $411,000. Fund 1 Investments LLC purchased a new position in Boost Run in the second quarter worth $1,005,000. Finally, BlueCrest Capital Management Ltd purchased a new position in Boost Run in the second quarter worth $1,940,000.

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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