Boost Run (NASDAQ:BRUN) Stock Has Consensus Price Target of $39.00 According to Brokerages

Shares of Boost Run (NASDAQ:BRUN) have earned a consensus recommendation of “Moderate Buy” from the seven research firms that are currently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation, four have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $39.00.

A number of research analysts have weighed in on BRUN shares. Wall Street Zen downgraded Boost Run from a “hold” rating to a “sell” rating in a research note on Saturday, October 3rd. Weiss Ratings reiterated 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 research report on Friday, August 14th. Northland Securities upgraded Boost Run to a “strong-buy” rating in a report on Monday, September 28th. Finally, Yorkville Ives assumed coverage on shares of Boost Run in a research note on Tuesday, October 6th. They issued an “outperform” rating and a $24.00 price target on the stock.

Insider Transactions at Boost Run

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

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. AWM Investment Company Inc. bought a new position in shares of Boost Run during the 2nd quarter worth approximately $31,581,000. Harraden Circle Investments LLC purchased a new position in shares of Boost Run in the 2nd quarter valued at approximately $28,390,000. Wellington Management Group LLP purchased a new position in shares of Boost Run in the second quarter valued at about $24,033,000. FirstWave Capital Management LLC purchased a new stake in shares of Boost Run in the 2nd quarter worth $3,440,000. Finally, Greenland Capital Management LP purchased a new position in shares of Boost Run during the 2nd quarter valued at about $2,615,000.

Boost Run Stock Performance

Shares of BRUN stock opened at $6.09 on Friday. The company has a fifty day moving average price of $12.96. Boost Run has a fifty-two week low of $5.40 and a fifty-two week high of $42.00.

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

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.