Boost Run (NASDAQ:BRUN) Stock Has Average Price Target of $42.75 According to Brokerages

Shares of Boost Run (NASDAQ:BRUN) have earned an average recommendation of “Moderate Buy” from the five research firms that are covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating and four have assigned a buy rating to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $42.75.

Several research analysts have weighed in on BRUN shares. DA Davidson lifted their target price on Boost Run from $25.00 to $45.00 and gave the company a “buy” rating in a research note on Monday, June 1st. Northland Securities started coverage on Boost Run in a research note on Friday, September 18th. They set an “outperform” rating and a $36.00 price target for the company. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Boost Run in a report on Friday, September 18th. BTIG Research reiterated a “buy” rating and issued a $45.00 price objective on shares of Boost Run in a research report on Friday, August 14th. Finally, Wall Street Zen raised shares of Boost Run from a “sell” rating to a “hold” rating in a research note on Saturday, August 22nd.

Insider Activity at Boost Run

In other news, Director Sean Goodrich sold 500,000 shares of Boost Run stock in a transaction dated 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 legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in BRUN. AWM Investment Company Inc. purchased a new stake in Boost Run in the 2nd quarter valued at approximately $31,581,000. Harraden Circle Investments LLC purchased a new position in shares of Boost Run during the 2nd quarter worth approximately $28,390,000. Wellington Management Group LLP acquired a new stake in shares of Boost Run in the 2nd quarter valued at approximately $24,033,000. FirstWave Capital Management LLC acquired a new stake in shares of Boost Run in the 2nd quarter valued at approximately $3,440,000. Finally, Greenland Capital Management LP purchased a new stake in shares of Boost Run in the second quarter valued at approximately $2,615,000.

Boost Run Price Performance

Shares of BRUN opened at $16.72 on Friday. Boost Run has a fifty-two week low of $13.48 and a fifty-two week high of $42.00. The business’s 50-day simple moving average is $18.96.

Boost Run (NASDAQ:BRUN) last issued its quarterly earnings results on Friday, August 14th. The company reported ($0.24) earnings per share (EPS) for the quarter. The company had revenue of $31.14 million during the quarter.

Boost Run is a technology company in the Internet Services & Infrastructure industry.