Boost Run (NASDAQ:BRUN) Shares Up 4.5% - Time to Buy?

Key Points

• Boost Run shares rose 4.5% to $8.48, though trading volume was 88% below the stock’s average daily volume.
• Analyst sentiment is mixed but leans positive: the stock has a consensus “Moderate Buy” rating and a $39 target price, substantially above its current price. Price targets range from $24 to $45, alongside both “sell” and “strong-buy” ratings.
• The company reported a quarterly loss of $0.24 per share on $31.14 million in revenue, while analysts expect a full-year loss of $1.11 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 stock price rose 4.5% on Wednesday. The company traded as high as $8.47 and last traded at $8.4750. Approximately 291,181 shares changed hands during trading, a decline of 88% from the average daily volume of 2,364,122 shares. The stock had previously closed at $8.11.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on BRUN. 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. BTIG Research restated a "buy" rating and set a $45.00 price objective on shares of Boost Run in a report on Friday, August 14th. Weiss Ratings reaffirmed a "sell (d)" rating on shares of Boost Run in a research report on Friday, September 18th. Northland Securities upgraded Boost Run to a "strong-buy" rating in a research note on Monday, September 28th. Finally, Wall Street Zen cut Boost Run from a "hold" rating to a "sell" rating in a report on Saturday, October 3rd. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $39.00.

Boost Run Stock Performance

The company has a fifty day moving average price of $14.90.

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

Insiders Place Their Bets

In related news, Director Sean Goodrich sold 500,000 shares of the firm's stock in a transaction dated 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 owned 4,437,921 shares of the company's stock, valued at approximately $62,130,894. This trade represents a 10.13% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Institutional Investors Weigh In On Boost Run

Large investors have recently made changes to their positions in the business. AWM Investment Company Inc. purchased a new stake in Boost Run during the second quarter valued at about $31,581,000. Harraden Circle Investments LLC purchased a new position in shares of Boost Run during the second quarter valued at about $28,390,000. Wellington Management Group LLP bought a new position in Boost Run in the second quarter worth $24,033,000. FirstWave Capital Management LLC purchased a new stake in Boost Run in the second quarter worth about $3,440,000. Finally, Greenland Capital Management LP bought a new position in Boost Run in the 2nd quarter worth about $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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.