Boost Run (NASDAQ:BRUN) Stock Rating Lowered by Wall Street Zen

Boost Run (NASDAQ:BRUN) was downgraded by equities researchers at Wall Street Zen from a “hold” rating to a “sell” rating in a report released on Saturday, Wall Street Zen reports.

A number of other equities analysts have also recently weighed in on BRUN. BTIG Research reaffirmed a “buy” rating and issued a $45.00 price target on shares of Boost Run in a report on Friday, August 14th. Zacks Research raised Boost Run to a “hold” rating in a research note on Tuesday, September 29th. Craig Hallum reissued a “buy” rating on shares of Boost Run in a research note on Wednesday, July 1st. Weiss Ratings reissued a “sell (d)” rating on shares of Boost Run in a report on Friday, September 18th. Finally, Northland Securities upgraded shares of Boost Run to a “strong-buy” rating in a research report on Monday, September 28th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Boost Run has an average rating of “Moderate Buy” and a consensus price target of $42.75.

Boost Run Stock Performance

Shares of BRUN stock opened at $16.51 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 $18.06.

Boost Run (NASDAQ:BRUN) last announced its quarterly earnings data on Friday, August 14th. The company reported ($0.24) earnings per share for the quarter. The firm had revenue of $31.14 million during the quarter. Sell-side analysts predict that Boost Run will post -1.95 EPS for the current year.

Insider Transactions at Boost Run

In other Boost Run news, Director Sean Goodrich sold 500,000 shares of the company’s stock in a transaction on Monday, September 14th. The stock was sold at an average price of $14.00, for a total value of $7,000,000.00. Following the completion of the sale, the director directly owned 4,437,921 shares in the company, valued at $62,130,894. This represents a 10.13% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. AWM Investment Company Inc. purchased a new stake in shares of Boost Run in the second quarter valued at about $31,581,000. Harraden Circle Investments LLC acquired a new position in Boost Run in the 2nd quarter valued at about $28,390,000. Wellington Management Group LLP purchased a new stake in shares of Boost Run in the 2nd quarter valued at approximately $24,033,000. FirstWave Capital Management LLC purchased a new stake in shares of Boost Run in the 2nd quarter valued at approximately $3,440,000. Finally, Greenland Capital Management LP acquired a new stake in shares of Boost Run during the 2nd quarter worth approximately $2,615,000.

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.