Boost Run (NASDAQ:BRUN) Cut to “Sell” at Wall Street Zen

Wall Street Zen downgraded shares of Boost Run (NASDAQ:BRUN) from a hold rating to a sell rating in a research note released on Saturday,Wall Street Zen reports.

Other analysts also recently issued research reports about the stock. Weiss Ratings reissued a “sell (d)” rating on shares of Boost Run in a research report on Friday, September 18th. BTIG Research reaffirmed a “buy” rating and issued a $45.00 price target on shares of Boost Run in a report on Friday, August 14th. Northland Securities upgraded shares of Boost Run to a “strong-buy” rating in a research note on Monday, September 28th. Craig Hallum reissued a “buy” rating on shares of Boost Run in a report on Wednesday, July 1st. Finally, Zacks Research raised Boost Run to a “hold” rating in a research report on Tuesday, September 29th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $42.75.

Boost Run Stock Performance

Shares of BRUN stock opened at $14.33 on Friday. Boost Run has a fifty-two week low of $13.48 and a fifty-two week high of $42.00. The business’s 50-day simple moving average is $17.96.

Boost Run (NASDAQ:BRUN) last posted its quarterly earnings data on Friday, August 14th. The company reported ($0.24) earnings per share (EPS) for the quarter. The firm had revenue of $31.14 million for the quarter. Sell-side analysts predict that Boost Run will post -1.95 EPS for the current year.

Insider Buying and Selling

In other Boost Run news, Director Sean Goodrich sold 500,000 shares of the firm’s stock in a transaction that occurred on 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 sale, the director directly owned 4,437,921 shares of the company’s stock, valued at approximately $62,130,894. This trade represents a 10.13% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. Silicon Valley Capital Partners acquired a new stake in Boost Run in the 2nd quarter valued at $111,000. WINTON GROUP Ltd acquired a new position in Boost Run during the second quarter worth $411,000. Fund 1 Investments LLC acquired a new position in Boost Run during the second quarter worth $1,005,000. BlueCrest Capital Management Ltd purchased a new position in Boost Run during the second quarter valued at $1,940,000. Finally, State Street Corp purchased a new position in Boost Run during the second quarter valued at $2,441,000.

About Boost Run

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.