Boost Run (NASDAQ:BRUN) Shares Up 9.3% – Should You Buy?

Shares of Boost Run (NASDAQ:BRUN) were up 9.3% during mid-day trading on Tuesday. The company traded as high as $7.63 and last traded at $7.3550. Approximately 1,047,584 shares traded hands during trading, a decline of 56% from the average daily volume of 2,400,219 shares. The stock had previously closed at $6.73.

Analysts Set New Price Targets

BRUN has been the topic of a number of analyst reports. Zacks Research upgraded shares of Boost Run to a “hold” rating in a research report on Tuesday, September 29th. BTIG Research restated a “buy” rating and issued a $45.00 price objective on shares of Boost Run in a research report on Friday, August 14th. Wall Street Zen cut Boost Run from a “hold” rating to a “sell” rating in a research note on Saturday, October 3rd. Northland Securities raised Boost Run to a “strong-buy” rating in a research note on Monday, September 28th. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of Boost Run in a research report on Friday, September 18th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $39.00.

Boost Run Price Performance

The company’s 50-day moving average is $13.95.

Boost Run (NASDAQ:BRUN) last released 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 during the quarter. On average, equities research analysts predict that Boost Run will post -1.11 EPS for the current fiscal year.

Insider Buying and Selling

In other Boost Run news, Director Sean Goodrich sold 500,000 shares of the business’s stock in a transaction on Monday, September 14th. The shares were 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 SEC, which can be accessed through the SEC website.

Hedge Funds Weigh In On Boost Run

Institutional investors have recently bought and sold shares of the company. CenterBook Partners LP bought a new position in Boost Run in the 3rd quarter worth about $1,541,000. State of Alaska Department of Revenue bought a new position in shares of Boost Run in the third quarter worth approximately $45,000. State Street Corp purchased a new position in Boost Run in the second quarter worth $2,441,000. Silicon Valley Capital Partners bought a new stake in Boost Run during the second quarter worth about $111,000. Finally, BlueCrest Capital Management Ltd purchased a new position in shares of Boost Run during the 2nd quarter valued at about $1,940,000.

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.