Wall Street Zen Upgrades Brand Engagement Network (NASDAQ:BNAI) to Hold

by · The Markets Daily

Brand Engagement Network (NASDAQ:BNAI – Get Free Report) was upgraded by equities researchers at Wall Street Zen from a “sell” rating to a “hold” rating in a research report issued on Saturday, Wall Street Zen reports.

Separately, Weiss Ratings lowered Brand Engagement Network from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Monday, September 28th. One analyst has rated the stock with a Sell rating. According to MarketBeat.com, the stock has an average rating of “Sell”.

View Our Latest Research Report on BNAI

Brand Engagement Network Stock Performance

Shares of BNAI stock opened at $5.19 on Friday. The stock’s fifty day moving average price is $10.28 and its two-hundred day moving average price is $18.94. The company has a market cap of $38.87 million, a PE ratio of -3.24 and a beta of 0.47. Brand Engagement Network has a fifty-two week low of $1.18 and a fifty-two week high of $86.28.

Brand Engagement Network (NASDAQ:BNAI – Get Free Report) last issued its quarterly earnings results on Friday, August 14th. The company reported ($0.49) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.80) by $0.31. Brand Engagement Network had a negative return on equity of 145.56% and a negative net margin of 2,356.26%. The company had revenue of $0.06 million for the quarter, compared to analyst estimates of $100.00 million.

Hedge Funds Weigh In On Brand Engagement Network

A number of institutional investors have recently added to or reduced their stakes in the stock. Deutsche Bank AG bought a new position in Brand Engagement Network in the 2nd quarter valued at approximately $75,000. Bank of New York Mellon Corp bought a new stake in shares of Brand Engagement Network during the second quarter worth $203,000. Engineers Gate Manager LP bought a new stake in shares of Brand Engagement Network during the second quarter worth $328,000. Susquehanna International Group LLP grew its stake in shares of Brand Engagement Network by 426.6% during the second quarter. Susquehanna International Group LLP now owns 37,472 shares of the company’s stock worth $641,000 after buying an additional 30,356 shares during the last quarter. Finally, Themes Management Co LLC bought a new stake in shares of Brand Engagement Network during the first quarter worth $2,105,000. 15.80% of the stock is currently owned by institutional investors and hedge funds.

About Brand Engagement Network

(Get Free Report)

Brand Engagement Network, Inc (NASDAQ:BNAI) is an artificial intelligence company that develops conversational AI solutions for businesses and organizations. Its technology is designed to support natural, personalized interactions between companies and their customers through digital platforms and other communication channels.

The company’s offerings include AI-powered virtual agents and engagement tools intended to help organizations automate customer service, provide information, guide users through decisions, and improve interactions across industries.

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