Boost Run (NASDAQ:BRUN) Hits New 1-Year Low – Here’s Why

Boost Run (NASDAQ:BRUN) hit a new 52-week low on Monday. The company traded as low as $6.63 and last traded at $7.1810, with a volume of 587,693 shares changing hands. The stock had previously closed at $7.12.

Analysts Set New Price Targets

BRUN has been the subject of several research analyst reports. Northland Securities upgraded Boost Run to a “strong-buy” rating in a report on Monday, September 28th. Zacks Research upgraded shares of Boost Run to a “hold” rating in a report on Tuesday, September 29th. Yorkville Ives assumed coverage on shares of Boost Run in a research report on Tuesday, October 6th. They set an “outperform” rating and a $24.00 price objective for the company. Weiss Ratings reiterated a “sell (d)” rating on shares of Boost Run in a report on Friday, September 18th. Finally, Wall Street Zen lowered Boost Run from a “hold” rating to a “sell” rating in a research note on Saturday, October 3rd. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $39.00.

Boost Run Stock Performance

The business’s fifty day simple moving average is $14.21.

Boost Run (NASDAQ:BRUN) last issued its quarterly earnings data on Friday, August 14th. The company reported ($0.24) earnings per share (EPS) for the quarter. The company had revenue of $31.14 million for the quarter. Analysts predict that Boost Run will post -1.11 EPS for the current fiscal year.

Insider Transactions at Boost Run

In other news, Director Sean Goodrich sold 500,000 shares of the business’s stock in a transaction dated 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 owned 4,437,921 shares in the company, valued at approximately $62,130,894. The trade was a 10.13% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Hedge Funds Weigh In On Boost Run

Several large investors have recently bought and sold shares of BRUN. FirstWave Capital Management LLC bought a new stake in Boost Run during the second quarter worth approximately $3,440,000. Wellington Management Group LLP acquired a new stake in Boost Run in the second quarter worth about $24,033,000. State Street Corp bought a new stake in Boost Run in the second quarter valued at about $2,441,000. BlueCrest Capital Management Ltd acquired a new stake in shares of Boost Run during the second quarter worth about $1,940,000. Finally, AWM Investment Company Inc. bought a new stake in shares of Boost Run in the second quarter valued at about $31,581,000.

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.