Boost Run (NASDAQ:BRUN) Stock Rating Cut to Sell at Wall Street Zen

Wall Street Zen lowered shares of Boost Run (NASDAQ:BRUN) from a hold rating to a sell rating in a research report released on Saturday,Wall Street Zen reports.

BRUN has been the subject of a number of other research reports. Zacks Research raised Boost Run to a “hold” rating in a report on Tuesday, September 29th. BTIG Research reaffirmed a “buy” rating and set a $45.00 price target on shares of Boost Run in a research note on Friday, August 14th. Northland Securities upgraded shares of Boost Run to a “strong-buy” rating in a report on Monday, September 28th. Craig Hallum reiterated a “buy” rating on shares of Boost Run in a report on Wednesday, July 1st. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of Boost Run in a research note on Friday, September 18th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Boost Run currently has an average rating of “Moderate Buy” and an average target price of $42.75.

Boost Run Stock Performance

NASDAQ BRUN opened at $16.51 on Friday. The stock’s 50 day simple moving average is $18.06. Boost Run has a 12-month low of $13.48 and a 12-month high of $42.00.

Boost Run (NASDAQ:BRUN) last posted its quarterly earnings results on Friday, August 14th. The company reported ($0.24) EPS for the quarter. The firm had revenue of $31.14 million during the quarter. As a group, equities research analysts forecast that Boost Run will post -1.95 EPS for the current year.

Insider Buying and Selling

In other Boost Run news, Director Sean Goodrich sold 500,000 shares of the company’s 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 of the company’s stock, valued at approximately $62,130,894. This represents 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 accessible through the SEC website.

Institutional Inflows and Outflows

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