Boost Run (NASDAQ:BRUN) Stock Price Target Lowered at BTIG Research

Boost Run (NASDAQ:BRUN) had its price objective dropped by equities research analysts at BTIG Research to $25.00 in a note issued to investors on Thursday, Benzinga reports. The brokerage presently has a “buy” rating on the stock. BTIG Research‘s target price indicates a potential upside of 311.52% from the stock’s previous close.

Other equities research analysts have also recently issued reports about the stock. Yorkville Ives initiated coverage on shares of Boost Run in a research note on Tuesday, October 6th. They set an “outperform” rating and a $24.00 price target on the stock. Wall Street Zen downgraded shares of Boost Run from a “hold” rating to a “sell” rating in a research note on Saturday, October 3rd. Northland Securities upgraded shares of Boost Run to a “strong-buy” rating in a research report on Monday, September 28th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Boost Run in a research note on Friday, September 18th. Finally, Zacks Research raised shares of Boost Run to a “hold” rating in a research note on Tuesday, September 29th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $35.00.

Boost Run Trading Down 17.7%

Boost Run stock traded down $1.30 during mid-day trading on Thursday, reaching $6.08. The company had a trading volume of 4,345,802 shares, compared to its average volume of 2,480,721. The business’s 50-day simple moving average is $12.35. Boost Run has a 1 year low of $5.00 and a 1 year high of $42.00.

Boost Run (NASDAQ:BRUN) last released its quarterly earnings data on Thursday, November 12th. The company reported ($0.17) earnings per share for the quarter, meeting the consensus estimate of ($0.17). The firm had revenue of $39.87 million during the quarter. On average, sell-side analysts forecast that Boost Run will post -1.11 EPS for the current fiscal year.

Insider Transactions at Boost Run

In other Boost Run news, Director Sean Goodrich sold 500,000 shares of Boost Run 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 owned 4,437,921 shares in the company, valued at $62,130,894. The trade was a 10.13% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. FirstWave Capital Management LLC acquired a new stake in shares of Boost Run in the second quarter worth approximately $3,440,000. Wellington Management Group LLP purchased a new stake in Boost Run in the second quarter valued at approximately $24,033,000. State Street Corp acquired a new position in Boost Run during the second quarter worth approximately $2,441,000. BlueCrest Capital Management Ltd acquired a new position in Boost Run during the second quarter worth approximately $1,940,000. Finally, AWM Investment Company Inc. acquired a new position in Boost Run during the second quarter worth approximately $31,581,000.

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.