Northland Securities Begins Coverage on Boost Run (NASDAQ:BRUN)

Northland Securities assumed coverage on shares of Boost Run (NASDAQ:BRUN) in a research report issued to clients and investors on Friday, Briefing.com reports. The firm set an “outperform” rating and a $36.00 price target on the stock. Northland Securities’ target price would suggest a potential upside of 115.83% from the company’s current price.

Several other brokerages also recently weighed in on BRUN. Wall Street Zen upgraded shares of Boost Run from a “sell” rating to a “hold” rating in a research note on Saturday, August 22nd. Weiss Ratings initiated coverage on Boost Run in a report on Tuesday, June 23rd. They set a “sell (d)” rating for the company. DA Davidson raised their price objective on Boost Run from $25.00 to $45.00 and gave the stock a “buy” rating in a research report on Monday, June 1st. BTIG Research restated a “buy” rating and set a $45.00 target price on shares of Boost Run in a research note on Friday, August 14th. Finally, Craig Hallum reaffirmed a “buy” rating on shares of Boost Run in a research report on Wednesday, July 1st. Four equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $42.75.

Boost Run Stock Up 10.0%

BRUN stock opened at $16.68 on Friday. The firm’s 50-day moving average price is $19.85. Boost Run has a one year low of $13.48 and a one year high of $42.00.

Boost Run (NASDAQ:BRUN) last issued its quarterly earnings data on Friday, August 14th. The company reported ($0.24) earnings per share (EPS) for the quarter. The firm had revenue of $31.14 million for the quarter.

Insider Transactions at Boost Run

In other Boost Run 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 value 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 approximately $62,130,894. This trade represents a 10.13% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

Institutional Investors Weigh In On Boost Run

A number of large investors have recently made changes to their positions in BRUN. FirstWave Capital Management LLC acquired a new stake in Boost Run during the 2nd quarter worth about $3,440,000. BlueCrest Capital Management Ltd acquired a new position in shares of Boost Run in the second quarter valued at about $1,940,000. AWM Investment Company Inc. acquired a new position in shares of Boost Run in the second quarter valued at about $31,581,000. Wellington Management Group LLP purchased a new position in shares of Boost Run in the second quarter worth about $24,033,000. Finally, Greenland Capital Management LP purchased a new position in shares of Boost Run in the second quarter worth about $2,615,000.

Boost Run is a technology company in the Internet Services & Infrastructure industry.