Boost Run (NASDAQ:BRUN) Given New $10.00 Price Target at DA Davidson

Boost Run (NASDAQ:BRUN) had its price target decreased by DA Davidson to $10.00 in a research report report published on Friday,Benzinga reports. DA Davidson currently has a buy rating on the stock.

A number of other analysts also recently commented on the stock. Weiss Ratings reissued a “sell (d)” rating on shares of Boost Run in a report on Friday, September 18th. Zacks Research raised shares of Boost Run to a “hold” rating in a report on Tuesday, September 29th. Yorkville Ives assumed coverage on shares of Boost Run in a research report on Tuesday, October 6th. They set an “outperform” rating and a $24.00 price target for the company. BTIG Research reduced their price target on shares of Boost Run to $25.00 and set a “buy” rating for the company in a research report on Thursday. Finally, Northland Securities raised Boost Run to a “strong-buy” rating in a research note on Monday, September 28th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Boost Run currently has an average rating of “Moderate Buy” and an average target price of $28.00.

Boost Run Stock Performance

Shares of NASDAQ BRUN opened at $5.53 on Friday. Boost Run has a one year low of $5.00 and a one year high of $42.00. The stock’s fifty day moving average is $11.90.

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

Insider Buying and Selling

In other Boost Run news, Director Sean Goodrich sold 500,000 shares of the firm’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 transaction, the director directly owned 4,437,921 shares in the company, valued at approximately $62,130,894. This trade represents a 10.13% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

Institutional Trading of Boost Run

Several institutional investors and hedge funds have recently modified their holdings of BRUN. FirstWave Capital Management LLC purchased a new position in shares of Boost Run during the 2nd quarter worth approximately $3,440,000. Wellington Management Group LLP acquired a new position in shares of Boost Run during the 2nd quarter worth approximately $24,033,000. State Street Corp acquired a new position in shares of Boost Run during the 2nd quarter worth approximately $2,441,000. BlueCrest Capital Management Ltd purchased a new stake in Boost Run in the 2nd quarter valued at approximately $1,940,000. Finally, CenterBook Partners LP purchased a new stake in Boost Run in the 3rd quarter valued at approximately $1,541,000.

Latest Boost Run News

Here’s some of the latest news about BRUN:

• Positive Sentiment: Boost Run reported third-quarter revenue growth of 496% year over year and $2.7 billion in total contract value, highlighting strong business expansion. Read More.
• 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, assuming no project shifts. Read More.
• Negative Sentiment: DA Davidson lowered its price target to $10 while maintaining a Buy rating. BTIG Research also cut its target, to $25, but retained its Buy rating. The reductions may temper investor expectations despite the firms’ continued bullish ratings. Read More. · Read More.

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.