Boost Run (NASDAQ:BRUN) Shares Gap Up – What’s Next?

Boost Run (NASDAQ:BRUN)’s stock price gapped up prior to trading on Monday. The stock had previously closed at $8.89, but opened at $9.38. Boost Run shares last traded at $8.8070, with a volume of 872,476 shares trading hands.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. Craig Hallum reiterated a “buy” rating on shares of Boost Run in a report on Wednesday, July 1st. Yorkville Ives began 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 on the stock. BTIG Research reissued a “buy” rating and issued a $45.00 price objective on shares of Boost Run in a report on Friday, August 14th. Wall Street Zen lowered shares of Boost Run from a “hold” rating to a “sell” rating in a report on Saturday, October 3rd. Finally, Northland Securities upgraded shares of Boost Run to a “strong-buy” rating in a research report on Monday, September 28th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Boost Run has a consensus rating of “Moderate Buy” and a consensus price target of $39.00.

Boost Run Trading Down 3.5%

The company has a fifty day moving average of $16.28.

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

Insider Buying and Selling

In other Boost Run news, Director Sean Goodrich sold 500,000 shares of Boost Run stock in a transaction on Monday, September 14th. The stock was sold at an average price of $14.00, for a total value of $7,000,000.00. Following the sale, the director owned 4,437,921 shares in the company, valued at $62,130,894. The trade was 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 the SEC website.

Hedge Funds Weigh In On Boost Run

Several large investors have recently modified their holdings of BRUN. FirstWave Capital Management LLC acquired a new stake in shares of Boost Run during the 2nd quarter worth about $3,440,000. Wellington Management Group LLP purchased a new stake in Boost Run in the 2nd quarter valued at about $24,033,000. State Street Corp purchased a new stake in Boost Run in the 2nd quarter valued at about $2,441,000. BlueCrest Capital Management Ltd acquired a new position in Boost Run in the second quarter valued at about $1,940,000. Finally, AWM Investment Company Inc. acquired a new position in Boost Run in the second quarter valued at about $31,581,000.

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.