Boost Run (NASDAQ:BRUN) Reaches New 1-Year Low – Should You Sell?

Boost Run (NASDAQ:BRUN)’s stock price reached a new 52-week low during trading on Monday. The stock traded as low as $6.94 and last traded at $7.1960, with a volume of 189,366 shares. The stock had previously closed at $7.22.

Analyst Ratings Changes

A number of brokerages have recently weighed in on BRUN. Weiss Ratings reissued a “sell (d)” rating on shares of Boost Run in a report on Friday, September 18th. Yorkville Ives started coverage on Boost Run in a research report on Tuesday, October 6th. They issued an “outperform” rating and a $24.00 target price on the stock. Zacks Research upgraded Boost Run to a “hold” rating in a research note on Tuesday, September 29th. Craig Hallum reaffirmed a “buy” rating on shares of Boost Run in a research report on Wednesday, July 1st. Finally, Wall Street Zen downgraded Boost Run from a “hold” rating to a “sell” rating in a research note on Saturday, October 3rd. One investment 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 company presently has an average rating of “Moderate Buy” and a consensus price target of $39.00.

Boost Run Trading Up 6.9%

The stock has a fifty day moving average of $15.39.

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

Insider Buying and Selling at Boost Run

In related news, Director Sean Goodrich sold 500,000 shares of the firm’s 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 of the company’s stock, valued at $62,130,894. This trade represents a 10.13% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. State of Alaska Department of Revenue purchased a new stake in Boost Run in the third quarter valued at $45,000. State Street Corp purchased a new position in shares of Boost Run during the 2nd quarter valued at about $2,441,000. Silicon Valley Capital Partners acquired a new position in shares of Boost Run in the 2nd quarter valued at about $111,000. BlueCrest Capital Management Ltd acquired a new position in shares of Boost Run in the 2nd quarter valued at about $1,940,000. Finally, WINTON GROUP Ltd acquired a new position in shares of Boost Run in the 2nd quarter valued at about $411,000.

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.