Boost Run (NASDAQ:BRUN) Sets New 52-Week Low – Should You Sell?

Shares of Boost Run (NASDAQ:BRUN) hit a new 52-week low on Monday. The stock traded as low as $6.94 and last traded at $7.1960, with a volume of 189,366 shares. The stock had previously closed at $7.22.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the stock. Northland Securities raised shares of Boost Run to a “strong-buy” rating in a research report on Monday, September 28th. Craig Hallum reaffirmed a “buy” rating on shares of Boost Run in a research report on Wednesday, July 1st. Weiss Ratings reiterated a “sell (d)” rating on shares of Boost Run in a research note on Friday, September 18th. Wall Street Zen downgraded Boost Run from a “hold” rating to a “sell” rating in a research note on Saturday, October 3rd. Finally, Zacks Research raised Boost Run to a “hold” rating in a report on Tuesday, September 29th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Boost Run currently has an average rating of “Moderate Buy” and an average price target of $39.00.

Boost Run Stock Performance

The business’s 50 day simple moving average is $14.90.

Boost Run (NASDAQ:BRUN) last posted its quarterly earnings results 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. As a group, sell-side analysts expect that Boost Run will post -1.11 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Boost Run news, Director Sean Goodrich sold 500,000 shares of Boost Run 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 completion of the transaction, the director directly owned 4,437,921 shares in the company, valued at $62,130,894. The trade was a 10.13% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link.

Institutional Trading of Boost Run

A number of institutional investors and hedge funds have recently made changes to their positions in BRUN. AWM Investment Company Inc. bought a new stake in shares of Boost Run in the 2nd quarter worth approximately $31,581,000. Harraden Circle Investments LLC bought a new position in Boost Run during the 2nd quarter worth $28,390,000. Wellington Management Group LLP acquired a new stake in Boost Run in the second quarter worth $24,033,000. FirstWave Capital Management LLC acquired a new stake in Boost Run in the second quarter worth $3,440,000. Finally, Greenland Capital Management LP acquired a new stake in Boost Run in the second quarter worth $2,615,000.

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.