Boost Run (NASDAQ:BRUN) Given Consensus Rating of “Moderate Buy” by Brokerages

Boost Run (NASDAQ:BRUN) has earned a consensus rating of “Moderate Buy” from the five brokerages that are currently covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell recommendation and four have given a buy recommendation to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $42.75.

A number of analysts have recently issued reports on BRUN shares. Northland Securities initiated coverage on shares of Boost Run in a report on Friday. They issued an “outperform” rating and a $36.00 price objective on the stock. DA Davidson raised their price target on shares of Boost Run from $25.00 to $45.00 and gave the company a “buy” rating in a report on Monday, June 1st. Wall Street Zen upgraded shares of Boost Run from a “sell” rating to a “hold” rating in a report on Saturday, August 22nd. BTIG Research restated a “buy” rating and set a $45.00 price objective on shares of Boost Run in a research note on Friday, August 14th. Finally, Craig Hallum reiterated a “buy” rating on shares of Boost Run in a report on Wednesday, July 1st.

Insider Activity at Boost Run

In related news, Director Sean Goodrich sold 500,000 shares of the firm’s stock in a transaction on 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 completion of the sale, 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 document filed with the SEC, which is available at this hyperlink.

Institutional Investors Weigh In On Boost Run

Several hedge funds and other institutional investors have recently modified their holdings of the company. AWM Investment Company Inc. purchased a new stake in Boost Run in the 2nd quarter worth approximately $31,581,000. Harraden Circle Investments LLC bought a new stake in shares of Boost Run in the second quarter worth about $28,390,000. Wellington Management Group LLP purchased a new position in Boost Run during the 2nd quarter valued at $24,033,000. FirstWave Capital Management LLC purchased a new position in shares of Boost Run in the 2nd quarter valued at approximately $3,440,000. Finally, Greenland Capital Management LP purchased a new stake in Boost Run in the second quarter worth about $2,615,000.

Boost Run Stock Up 1.6%

NASDAQ BRUN traded up $0.27 during trading hours on Friday, hitting $16.95. The company had a trading volume of 553,031 shares, compared to its average volume of 2,059,264. The company’s 50 day moving average is $19.85. Boost Run has a 52 week low of $13.48 and a 52 week high of $42.00.

Boost Run (NASDAQ:BRUN) last posted its quarterly earnings results on Friday, August 14th. The company reported ($0.24) earnings per share for the quarter. The company had revenue of $31.14 million for the quarter.

Boost Run is a technology company in the Internet Services & Infrastructure industry.