Boost Run (NASDAQ:BRUN) Hits New 12-Month Low – What’s Next?

Boost Run (NASDAQ:BRUN)’s stock price reached a new 52-week low during trading on Monday. The stock traded as low as $6.63 and last traded at $7.1810, with a volume of 587,693 shares traded. The stock had previously closed at $7.12.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on BRUN. Wall Street Zen cut shares of Boost Run from a “hold” rating to a “sell” rating in a research report on Saturday, October 3rd. Weiss Ratings reissued a “sell (d)” rating on shares of Boost Run in a research note on Friday, September 18th. Northland Securities upgraded Boost Run to a “strong-buy” rating in a report on Monday, September 28th. Yorkville Ives started coverage on Boost Run in a research report on Tuesday, October 6th. They set an “outperform” rating and a $24.00 target price for the company. Finally, BTIG Research reaffirmed a “buy” rating and set a $45.00 target price on shares of Boost Run in a report on Friday, August 14th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $39.00.

Boost Run Trading Up 13.7%

The firm has a 50-day simple moving average of $13.75.

Boost Run (NASDAQ:BRUN) last released its 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 for the quarter. On average, equities research analysts expect that Boost Run will post -1.11 EPS for the current fiscal year.

Insider Activity

In related news, Director Sean Goodrich sold 500,000 shares of the company’s stock in a transaction dated Monday, September 14th. The stock was sold at an average price of $14.00, for a total transaction of $7,000,000.00. Following the sale, the director owned 4,437,921 shares in the company, valued at $62,130,894. This represents a 10.13% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Hedge Funds Weigh In On Boost Run

Institutional investors have recently added to or reduced their stakes in the business. State of Alaska Department of Revenue acquired a new position in shares of Boost Run during the third quarter valued at about $45,000. Silicon Valley Capital Partners acquired a new stake in shares of Boost Run in the 2nd quarter valued at about $111,000. WINTON GROUP Ltd bought a new stake in Boost Run in the 2nd quarter valued at about $411,000. Fund 1 Investments LLC bought a new stake in Boost Run in the 2nd quarter valued at about $1,005,000. Finally, BlueCrest Capital Management Ltd acquired a new position in Boost Run during the 2nd quarter worth approximately $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.