Boost Run (NASDAQ:BRUN) Hits New 12-Month Low – Should You Sell?

Boost Run (NASDAQ:BRUN) reached a new 52-week low on Tuesday. The company traded as low as $8.58 and last traded at $8.78, with a volume of 6,212,542 shares trading hands. The stock had previously closed at $8.89.

Analyst Ratings Changes

BRUN has been the subject of several recent research reports. Yorkville Ives initiated coverage on shares of Boost Run in a research report on Tuesday, October 6th. They issued an “outperform” rating and a $24.00 price target for the company. Zacks Research upgraded shares of Boost Run to a “hold” rating in a research note on Tuesday, September 29th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Boost Run in a report on Friday, September 18th. BTIG Research reaffirmed a “buy” rating and set a $45.00 price objective on shares of Boost Run in a report on Friday, August 14th. Finally, Craig Hallum reiterated a “buy” rating on shares of Boost Run in a research note on Wednesday, July 1st. One investment 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 given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $39.00.

Boost Run Stock Down 0.8%

The stock has a 50 day simple moving average of $16.01.

Boost Run (NASDAQ:BRUN) last issued its quarterly earnings data on Friday, August 14th. The company reported ($0.24) earnings per share (EPS) for the quarter. The business had revenue of $31.14 million during the quarter. As a group, equities research analysts expect that Boost Run will post -1.11 EPS for the current fiscal year.

Insider Activity

In related 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 transaction of $7,000,000.00. Following the completion of the transaction, the director directly 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 at this hyperlink.

Hedge Funds Weigh In On Boost Run

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