Boost Run (NASDAQ:BRUN) Shares Climb 9.3% – Should You Buy?

Boost Run (NASDAQ:BRUN) was up 9.3% during trading on Tuesday. The company traded as high as $7.63 and last traded at $7.3550. 1,047,584 shares changed hands during trading, a decline of 56% from the average session volume of 2,400,219 shares. The stock had previously closed at $6.73.

Wall Street Analysts Forecast Growth

BRUN has been the subject of several analyst reports. Yorkville Ives began coverage on shares of Boost Run in a research note on Tuesday, October 6th. They issued an “outperform” rating and a $24.00 target price for the company. Northland Securities raised shares of Boost Run to a “strong-buy” rating in a report on Monday, September 28th. Weiss Ratings restated a “sell (d)” rating on shares of Boost Run in a research report on Friday, September 18th. Wall Street Zen cut shares of Boost Run from a “hold” rating to a “sell” rating in a report on Saturday, October 3rd. Finally, BTIG Research reaffirmed a “buy” rating and issued a $45.00 price objective on shares of Boost Run in a report on Friday, August 14th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $39.00.

Boost Run Stock Down 16.3%

The stock has a fifty day moving average price of $13.50.

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

Insider Buying and Selling at Boost Run

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

Institutional Investors Weigh In On Boost Run

A number of institutional investors have recently added to or reduced their stakes in the stock. FirstWave Capital Management LLC purchased a new position in Boost Run during the second quarter valued at $3,440,000. Wellington Management Group LLP acquired a new stake in shares of Boost Run in the second quarter valued at about $24,033,000. State Street Corp acquired a new stake in shares of Boost Run in the second quarter valued at about $2,441,000. BlueCrest Capital Management Ltd acquired a new stake in shares of Boost Run in the second quarter valued at about $1,940,000. Finally, AWM Investment Company Inc. purchased a new stake in shares of Boost Run during the second quarter worth about $31,581,000.

About Boost Run

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.