Boost Run (NASDAQ:BRUN) Reaches New 12-Month Low – Here’s Why

Boost Run (NASDAQ:BRUN) reached a new 52-week low during mid-day trading on Tuesday. The company traded as low as $8.58 and last traded at $8.78, with a volume of 6,212,542 shares traded. The stock had previously closed at $8.89.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on BRUN shares. BTIG Research reissued a “buy” rating and issued a $45.00 target price on shares of Boost Run in a research note on Friday, August 14th. Yorkville Ives initiated 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. Craig Hallum reaffirmed a “buy” rating on shares of Boost Run in a research note on Wednesday, July 1st. Wall Street Zen lowered 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 equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $39.00.

Boost Run Trading Down 1.2%

The company has a 50 day moving average of $16.49.

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

Insiders Place Their Bets

In other Boost Run news, Director Sean Goodrich sold 500,000 shares of the business’s stock in a transaction 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 completion of the sale, the director directly owned 4,437,921 shares of the company’s stock, valued at $62,130,894. The trade was a 10.13% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. State of Alaska Department of Revenue purchased a new position in shares of Boost Run in the third quarter worth about $45,000. Silicon Valley Capital Partners bought a new stake in shares of Boost Run in the 2nd quarter valued at about $111,000. WINTON GROUP Ltd purchased a new stake in Boost Run during the 2nd quarter valued at about $411,000. Fund 1 Investments LLC purchased a new stake in Boost Run during the 2nd quarter valued at about $1,005,000. Finally, BlueCrest Capital Management Ltd purchased a new stake in Boost Run during the 2nd quarter valued at 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.