Boost Run (NASDAQ:BRUN) Stock Price Down 9% – What’s Next?

Boost Run (NASDAQ:BRUN) shares fell 9% on Thursday. The company traded as low as $8.04 and last traded at $8.0060. Approximately 2,112,490 shares were traded during mid-day trading, a decline of 12% from the average session volume of 2,394,513 shares. The stock had previously closed at $8.80.

Analyst Upgrades and Downgrades

A number of research firms have commented on BRUN. Craig Hallum reissued a “buy” rating on shares of Boost Run in a report on Wednesday, July 1st. Yorkville Ives assumed coverage on Boost Run in a report on Tuesday, October 6th. They issued an “outperform” rating and a $24.00 price target on the stock. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Boost Run in a report on Friday, September 18th. Zacks Research raised shares of Boost Run to a “hold” rating in a report on Tuesday, September 29th. Finally, BTIG Research restated a “buy” rating and set a $45.00 target price on shares of Boost Run in a research report on Friday, August 14th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $39.00.

Boost Run Trading Down 9.2%

The business has a 50-day moving average price of $14.67.

Boost Run (NASDAQ:BRUN) last issued its earnings results on Friday, August 14th. The company reported ($0.24) earnings per share (EPS) for the quarter. The firm had revenue of $31.14 million for the quarter. On average, analysts anticipate that Boost Run will post -1.11 EPS for the current year.

Insider Activity

In related news, Director Sean Goodrich sold 500,000 shares of the business’s stock in a transaction that occurred 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 owned 4,437,921 shares in the company, valued at approximately $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 Securities & Exchange Commission, which is accessible through the SEC website.

Institutional Trading of Boost Run

A number of hedge funds have recently added to or reduced their stakes in BRUN. State of Alaska Department of Revenue purchased a new stake in shares of Boost Run in the 3rd quarter worth approximately $45,000. State Street Corp purchased a new position in Boost Run during the 2nd quarter worth $2,441,000. Silicon Valley Capital Partners purchased a new position in Boost Run during the 2nd quarter worth $111,000. BlueCrest Capital Management Ltd purchased a new position in Boost Run during the 2nd quarter worth $1,940,000. Finally, WINTON GROUP Ltd acquired a new position in Boost Run during the 2nd quarter valued at about $411,000.

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.