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

Boost Run (NASDAQ:BRUN)’s share price gapped up before the market opened on Monday. The stock had previously closed at $8.89, but opened at $9.38. Boost Run shares last traded at $8.8070, with a volume of 872,476 shares changing hands.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. Wall Street Zen downgraded shares of Boost Run from a “hold” rating to a “sell” rating in a research note on Saturday, October 3rd. Weiss Ratings restated a “sell (d)” rating on shares of Boost Run in a research 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 research note on Friday, August 14th. Northland Securities upgraded Boost Run to a “strong-buy” rating in a report on Monday, September 28th. Finally, Yorkville Ives started coverage on Boost Run in a research note on Tuesday, October 6th. They issued an “outperform” rating and a $24.00 price target on the stock. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $39.00.

Boost Run Stock Up 4.2%

The company’s 50 day moving average is $16.66.

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

Insiders Place Their Bets

In other news, Director Sean Goodrich sold 500,000 shares of the company’s 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 sale, the director owned 4,437,921 shares of the company’s stock, valued at $62,130,894. This represents a 10.13% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Institutional Trading of Boost Run

Hedge funds have recently bought and sold shares of the stock. State of Alaska Department of Revenue bought a new stake in Boost Run during the third quarter worth approximately $45,000. Silicon Valley Capital Partners purchased a new position in shares of Boost Run during the second quarter valued at $111,000. WINTON GROUP Ltd bought a new stake in shares of Boost Run in the second quarter valued at about $411,000. Fund 1 Investments LLC purchased a new stake in Boost Run in the second quarter worth about $1,005,000. Finally, BlueCrest Capital Management Ltd bought a new position in shares of Boost Run during the second quarter valued at approximately $1,940,000.

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.