Boost Run (NASDAQ:BRUN) Hits New 52-Week Low on Analyst Downgrade

Boost Run (NASDAQ:BRUN)’s stock price reached a new 52-week low on Thursday after BTIG Research lowered their price target on the stock to $25.00. BTIG Research currently has a buy rating on the stock. Boost Run traded as low as $5.00 and last traded at $5.92, with a volume of 6,622,931 shares changing hands. The stock had previously closed at $7.38.

A number of other equities research analysts have also issued reports on BRUN. Wall Street Zen lowered Boost Run from a “hold” rating to a “sell” rating in a research report on Saturday, October 3rd. Zacks Research upgraded Boost Run to a “hold” rating in a research note on Tuesday, September 29th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Boost Run in a research report on Friday, September 18th. Northland Securities raised shares of Boost Run to a “strong-buy” rating in a research note on Monday, September 28th. Finally, Yorkville Ives began coverage on shares of Boost Run in a research note on Tuesday, October 6th. They set an “outperform” rating and a $24.00 price target for the company. 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 given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $35.00.

Insider Buying and Selling

In other Boost Run news, Director Sean Goodrich sold 500,000 shares of the business’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 sale, 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 position. The sale was disclosed in a filing with the SEC, which is available through this link.

Key Stories Impacting Boost Run

Investors following BRUN have been watching these stories:

• Positive Sentiment: Boost Run reported Q3 revenue of $39.87 million, up 496% year over year, and cited $2.7 billion in total contract value—evidence of strong growth and demand. Q3 results
• Positive Sentiment: Management expects deployed colocation power capacity to reach about 40 megawatts by year-end and is targeting roughly $435 million in exit annual recurring revenue, supporting a sizable growth outlook. Capacity and ARR outlook
• Neutral Sentiment: BTIG lowered its price target to $25 but retained a Buy rating. The target change is a cautionary note, while the rating indicates the analyst still sees potential upside. BTIG rating

Hedge Funds Weigh In On Boost Run

Several hedge funds have recently modified their holdings of the stock. AWM Investment Company Inc. bought a new stake in Boost Run during the second quarter worth about $31,581,000. Harraden Circle Investments LLC acquired a new position in Boost Run during the second quarter valued at approximately $28,390,000. Wellington Management Group LLP acquired a new position in Boost Run during the second quarter valued at approximately $24,033,000. State Street Corp boosted its position in Boost Run by 544.1% during the third quarter. State Street Corp now owns 405,127 shares of the company’s stock valued at $6,685,000 after purchasing an additional 342,227 shares during the last quarter. Finally, CenterBook Partners LP bought a new position in Boost Run in the third quarter valued at approximately $1,541,000.

Boost Run Price Performance

The stock’s 50 day moving average is $12.13.

Boost Run (NASDAQ:BRUN) last announced its quarterly earnings data on Thursday, November 12th. The company reported ($0.17) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.17). The company had revenue of $39.87 million for the quarter. As a group, equities analysts forecast that Boost Run will post -1.11 EPS for the current fiscal year.

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.