Boost Run (NASDAQ:BRUN) Stock Price Down 9% – Here’s Why

Boost Run (NASDAQ:BRUN) dropped 9% during trading on Thursday. The stock traded as low as $8.04 and last traded at $8.0060. Approximately 2,112,490 shares were traded during mid-day trading, a decline of 12% from the average session volume of 2,394,513 shares. The stock had previously closed at $8.80.

Analysts Set New Price Targets

A number of equities analysts have issued reports on BRUN shares. BTIG Research restated a “buy” rating and set a $45.00 target price on shares of Boost Run in a research report on Friday, August 14th. Zacks Research raised shares of Boost Run to a “hold” rating in a research report on Tuesday, September 29th. Wall Street Zen lowered shares of Boost Run from a “hold” rating to a “sell” rating in a report on Saturday, October 3rd. Yorkville Ives assumed coverage on shares of Boost Run in a research note on Tuesday, October 6th. They set an “outperform” rating and a $24.00 price objective on the stock. Finally, Northland Securities raised 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. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $39.00.

Boost Run Stock Performance

The stock has a fifty day moving average price of $14.21.

Boost Run (NASDAQ:BRUN) last released 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 for the quarter. As a group, sell-side analysts anticipate that Boost Run will post -1.11 earnings per share for the current fiscal year.

Insider Buying and Selling at Boost Run

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

Hedge Funds Weigh In On Boost Run

A number of institutional investors and hedge funds have recently added to or reduced their stakes in BRUN. AWM Investment Company Inc. acquired a new position in Boost Run during the second quarter worth about $31,581,000. Harraden Circle Investments LLC purchased a new stake in shares of Boost Run in the second quarter valued at $28,390,000. Wellington Management Group LLP acquired a new stake in Boost Run during the 2nd quarter worth about $24,033,000. FirstWave Capital Management LLC acquired a new position in Boost Run in the 2nd quarter valued at approximately $3,440,000. Finally, Greenland Capital Management LP purchased a new stake in shares of Boost Run during the second quarter worth $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.