Boost Run (NASDAQ:BRUN) Shares Gap Up – Time to Buy?

Boost Run (NASDAQ:BRUN) gapped up before the market opened on Tuesday. The stock had previously closed at $7.48, but opened at $7.88. Boost Run shares last traded at $8.3060, with a volume of 490,592 shares traded.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on BRUN shares. Zacks Research raised Boost Run to a “hold” rating in a research note on Tuesday, September 29th. Wall Street Zen downgraded Boost Run from a “hold” rating to a “sell” rating in a research note on Saturday, October 3rd. 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. Weiss Ratings reiterated a “sell (d)” rating on shares of Boost Run in a research report on Friday, September 18th. Finally, Yorkville Ives started coverage on Boost Run in a report on Tuesday, October 6th. They issued an “outperform” rating and a $24.00 target price for the company. 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 assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $39.00.

Boost Run Price Performance

The firm has a 50 day moving average of $14.67.

Boost Run (NASDAQ:BRUN) last released its quarterly 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 during the quarter. Analysts anticipate 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 business’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 transaction, the director directly 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 transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

Hedge Funds Weigh In On Boost Run

A number of institutional investors have recently modified their holdings of BRUN. State of Alaska Department of Revenue purchased a new position in shares of Boost Run during the 3rd quarter worth $45,000. State Street Corp purchased a new stake in shares of Boost Run during the 2nd quarter worth about $2,441,000. Silicon Valley Capital Partners acquired a new stake in shares of Boost Run in the second quarter worth $111,000. BlueCrest Capital Management Ltd acquired a new stake in Boost Run in the 2nd quarter valued at $1,940,000. Finally, WINTON GROUP Ltd acquired a new stake in shares of Boost Run in the second 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.