Boost Run (NASDAQ:BRUN) Hits New 52-Week Low on Analyst Downgrade

Boost Run (NASDAQ:BRUN)’s share price reached a new 52-week low on Thursday after BTIG Research lowered their price target on the stock to $25.00. BTIG Research currently has a buy rating on the stock. Boost Run traded as low as $5.00 and last traded at $5.92, with a volume of 6,622,931 shares. The stock had previously closed at $7.38.

Several other brokerages also recently issued reports on BRUN. Wall Street Zen downgraded shares of Boost Run from a “hold” rating to a “sell” rating in a research note on Saturday, October 3rd. Yorkville Ives started coverage on Boost Run in a report on Tuesday, October 6th. They set an “outperform” rating and a $24.00 price target for the company. Northland Securities raised Boost Run to a “strong-buy” rating in a research report on Monday, September 28th. Weiss Ratings restated a “sell (d)” rating on shares of Boost Run in a research note on Friday, September 18th. Finally, Zacks Research upgraded Boost Run to a “hold” rating in a research note on Tuesday, September 29th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Boost Run currently has an average rating of “Moderate Buy” and an average target price of $35.00.

Insider Transactions at Boost Run

In other Boost Run 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 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 sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

Key Headlines Impacting Boost Run

Here are a few of the latest headlines about BRUN:

• Positive Sentiment: Boost Run reported Q3 revenue of $39.87 million, up 496% year over year, and cited $2.7 billion in total contract value—evidence of strong growth and demand. Q3 results
• Neutral Sentiment: BTIG lowered its price target to $25 but retained a Buy rating. The target change is a cautionary note, while the rating indicates the analyst still sees potential upside. BTIG rating
• Negative Sentiment: The company reported a Q3 loss of $0.17 per share. That matched analyst expectations, but continued losses and the conditional nature of the growth targets may leave investors focused on profitability and execution. Quarterly earnings

Hedge Funds Weigh In On Boost Run

Several institutional investors and hedge funds have recently modified their holdings of BRUN. AWM Investment Company Inc. bought a new position in shares of Boost Run in the second quarter valued at about $31,581,000. Harraden Circle Investments LLC acquired a new stake in shares of Boost Run during the 2nd quarter worth about $28,390,000. Wellington Management Group LLP acquired a new stake in shares of Boost Run during the 2nd quarter worth about $24,033,000. State Street Corp boosted its holdings in shares of Boost Run by 544.1% during the 3rd quarter. State Street Corp now owns 405,127 shares of the company’s stock worth $6,685,000 after buying an additional 342,227 shares during the period. Finally, FirstWave Capital Management LLC bought a new stake in shares of Boost Run during the 2nd quarter worth about $3,440,000.

Boost Run Trading Down 19.8%

The firm has a fifty day moving average price of $12.13.

Boost Run (NASDAQ:BRUN) last announced its quarterly earnings results on Thursday, November 12th. The company reported ($0.17) EPS for the quarter, meeting analysts’ consensus estimates of ($0.17). The company had revenue of $39.87 million during the quarter. Equities analysts predict that Boost Run will post -1.11 earnings per share for the current year.

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.