Boost Run (NASDAQ:BRUN) Shares Gap Up – What’s Next?

Boost Run (NASDAQ:BRUN) shares gapped up before the market opened on Tuesday. The stock had previously closed at $7.48, but opened at $7.88. Boost Run shares last traded at $8.3060, with a volume of 490,592 shares.

Analysts Set New Price Targets

BRUN has been the topic of several recent research reports. Zacks Research upgraded Boost Run to a “hold” rating in a report on Tuesday, September 29th. Yorkville Ives initiated coverage on Boost Run in a research report on Tuesday, October 6th. They issued an “outperform” rating and a $24.00 price target on the stock. Weiss Ratings reiterated a “sell (d)” rating on shares of Boost Run in a research note on Friday, September 18th. BTIG Research reissued a “buy” rating and set a $45.00 price objective on shares of Boost Run in a research report on Friday, August 14th. Finally, Northland Securities upgraded shares of Boost Run to a “strong-buy” rating in a research note on Monday, September 28th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Boost Run has a consensus rating of “Moderate Buy” and an average price target of $39.00.

Boost Run Stock Performance

The firm has a 50 day simple moving average of $15.50.

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

Insider Activity

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

Hedge Funds Weigh In On Boost Run

Several large investors have recently bought and sold shares of BRUN. State of Alaska Department of Revenue acquired a new stake in shares of Boost Run during the third quarter worth 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 acquired a new stake in shares of Boost Run in the 2nd quarter valued at about $411,000. Fund 1 Investments LLC purchased a new position in Boost Run during the 2nd quarter worth approximately $1,005,000. Finally, BlueCrest Capital Management Ltd purchased 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.