Boost Run (NASDAQ:BRUN) Stock Rating Upgraded by Northland Securities

Boost Run (NASDAQ:BRUN) was upgraded by Northland Securities to a “strong-buy” rating in a research report issued to clients and investors on Monday, Zacks reports.

Several other analysts have also issued reports on the stock. Craig Hallum reiterated a “buy” rating on shares of Boost Run in a research report on Wednesday, July 1st. BTIG Research restated a “buy” rating and set a $45.00 price objective on shares of Boost Run in a research report on Friday, August 14th. Wall Street Zen upgraded Boost Run from a “sell” rating to a “hold” rating in a research note on Saturday, August 22nd. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Boost Run in a report on Friday, September 18th. Finally, DA Davidson lifted their price target on Boost Run from $25.00 to $45.00 and gave the company a “buy” rating in a research note on Monday, June 1st. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy 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 $42.75.

Boost Run Price Performance

BRUN stock opened at $16.65 on Monday. Boost Run has a 52 week low of $13.48 and a 52 week high of $42.00. The company has a 50-day moving average of $18.48.

Boost Run (NASDAQ:BRUN) last announced its quarterly earnings data 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.

Insider Buying and Selling at Boost Run

In related news, Director Sean Goodrich sold 500,000 shares of Boost Run stock in a transaction that occurred 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 sale, the director directly owned 4,437,921 shares of the company’s stock, valued at approximately $62,130,894. The trade was a 10.13% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

Hedge Funds Weigh In On Boost Run

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

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.