Boost Run (NASDAQ:BRUN) Stock Jumps 9.3% - Time to Buy?

Key Points

• Boost Run shares jumped 9.3% to $7.355 during Tuesday trading, though volume was 56% below the daily average and the stock remained well below its 50-day moving average of $13.95.
• Analyst sentiment is mixed but leans positive: MarketBeat reports a consensus “Moderate Buy” rating and an average price target of $39, compared with the current share price.
• The company reported a quarterly loss of $0.24 per share on $31.14 million in revenue, while a director sold 500,000 shares worth $7 million in September; analysts expect a full-year loss of $1.11 per share.

Shares of Boost Run (NASDAQ:BRUN - Get Free Report) traded up 9.3% on Tuesday. The company traded as high as $7.63 and last traded at $7.3550. 1,047,584 shares traded hands during mid-day trading, a decline of 56% from the average daily volume of 2,400,219 shares. The stock had previously closed at $6.73.

Analyst Ratings Changes

Several research analysts have recently commented on the stock. 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. Weiss Ratings reaffirmed a "sell (d)" rating on shares of Boost Run in a research report on Friday, September 18th. Zacks Research upgraded Boost Run to a "hold" rating in a research report on Tuesday, September 29th. Wall Street Zen downgraded Boost Run from a "hold" rating to a "sell" rating in a research note on Saturday, October 3rd. Finally, Northland Securities upgraded Boost Run to a "strong-buy" rating in a report on Monday, September 28th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $39.00.

Boost Run Stock Up 7.1%

The stock has a fifty day moving average of $13.95.

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

Insider Buying and Selling

In related news, Director Sean Goodrich sold 500,000 shares of the stock in a transaction dated 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 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. State of Alaska Department of Revenue bought a new stake in shares of Boost Run in the 3rd quarter worth approximately $45,000. Silicon Valley Capital Partners acquired a new position in shares of Boost Run in the 2nd quarter valued at $111,000. WINTON GROUP Ltd acquired a new stake in shares of Boost Run during the 2nd quarter valued at about $411,000. Fund 1 Investments LLC bought a new stake in Boost Run in the second quarter valued at about $1,005,000. Finally, BlueCrest Capital Management Ltd acquired a new position in 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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