Boost Run (NASDAQ:BRUN) Stock Gets Price Target Reduction from BTIG Research

Boost Run (NASDAQ:BRUN) had its price objective cut by BTIG Research to $25.00 in a research note released on Thursday,Benzinga reports. They currently have a buy rating on the stock.

BRUN has been the subject of several other research reports. Zacks Research raised shares of Boost Run to a “hold” rating in a research note on Tuesday, September 29th. Wall Street Zen cut Boost Run from a “hold” rating to a “sell” rating in a research note on Saturday, October 3rd. Weiss Ratings reissued a “sell (d)” rating on shares of Boost Run in a report on Friday, September 18th. Yorkville Ives assumed coverage on Boost Run in a report on Tuesday, October 6th. They set an “outperform” rating and a $24.00 price objective on the stock. Finally, Northland Securities upgraded Boost Run to a “strong-buy” rating in a research report on Monday, September 28th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $28.00.

Boost Run Price Performance

NASDAQ:BRUN traded down $0.39 during trading hours on Thursday, reaching $5.53. 5,996,625 shares of the company were exchanged, compared to its average volume of 3,889,228. The firm has a 50 day moving average of $11.90. Boost Run has a 1-year low of $5.00 and a 1-year high of $42.00.

Boost Run (NASDAQ:BRUN) last posted 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. On average, sell-side analysts anticipate that Boost Run will post -1.11 EPS for the current fiscal year.

Insider Activity at Boost Run

In related 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 value of $7,000,000.00. Following the sale, the director owned 4,437,921 shares of the company’s stock, valued at $62,130,894. The trade was a 10.13% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.

Hedge Funds Weigh In On Boost Run

Hedge funds have recently made changes to their positions in the stock. AWM Investment Company Inc. boosted its holdings in Boost Run by 23.3% in the third quarter. AWM Investment Company Inc. now owns 1,003,630 shares of the company’s stock valued at $16,560,000 after acquiring an additional 189,891 shares during the last quarter. Harraden Circle Investments LLC acquired a new position in shares of Boost Run in the 2nd quarter worth approximately $28,390,000. Wellington Management Group LLP acquired a new position in shares of Boost Run in the 2nd quarter worth approximately $24,033,000. State Street Corp lifted its position in shares of Boost Run by 544.1% in the 3rd quarter. State Street Corp now owns 405,127 shares of the company’s stock worth $6,685,000 after purchasing an additional 342,227 shares during the period. Finally, CenterBook Partners LP bought a new stake in shares of Boost Run in the 3rd quarter valued at $1,541,000.

Key Boost Run News

Here’s some of the latest news about BRUN:

• Positive Sentiment: Management expects deployed colocation power capacity to reach about 40 megawatts by year-end and is targeting roughly $435 million in exit annual recurring revenue, assuming no project shifts. Read More.
• Neutral Sentiment: Third-quarter adjusted loss of $0.17 per share matched analyst expectations; revenue was $39.87 million. The results show ongoing losses, though the per-share loss was not worse than forecast. Read More.
• Negative Sentiment: DA Davidson lowered its price target to $10 while maintaining a Buy rating. BTIG Research also cut its target, to $25, but retained its Buy rating. The reductions may temper investor expectations despite the firms’ continued bullish ratings. Read More. · Read More.

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.