Banzai International (NASDAQ:BNZI) Shares to Reverse Split on Friday, May 8th

Shares of Banzai International, Inc. (NASDAQ:BNZI) are going to reverse split on the morning of Friday, May 8th. The 1-20 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the closing bell on Thursday, May 7th.

Banzai International Price Performance

Shares of Banzai International stock traded up $0.02 during trading on Thursday, hitting $0.32. The stock had a trading volume of 2,373,418 shares, compared to its average volume of 1,041,553. The firm’s fifty day simple moving average is $0.88 and its 200-day simple moving average is $1.29. The stock has a market cap of $5.69 million, a PE ratio of -0.05 and a beta of -0.51. Banzai International has a 12 month low of $0.29 and a 12 month high of $11.60.

Banzai International (NASDAQ:BNZI) last released its earnings results on Tuesday, March 31st. The company reported $1.79 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.59) by $2.38. Banzai International had a negative net margin of 184.96% and a negative return on equity of 429.90%. The firm had revenue of $2.81 million during the quarter, compared to analyst estimates of $3.19 million. Analysts expect that Banzai International will post -1.05 earnings per share for the current fiscal year.

Analyst Ratings Changes

Separately, Ascendiant Capital Markets lifted their price objective on shares of Banzai International from $23.00 to $24.00 and gave the company a “buy” rating in a report on Tuesday, April 14th. Two research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $24.00.

Institutional Investors Weigh In On Banzai International

An institutional investor recently bought a new position in Banzai International stock. Focus Partners Wealth acquired a new stake in shares of Banzai International, Inc. (NASDAQ:BNZI) in the third quarter, according to the company in its most recent filing with the SEC. The firm acquired 10,150 shares of the company’s stock, valued at approximately $30,000. Focus Partners Wealth owned approximately 0.29% of Banzai International at the end of the most recent reporting period. 96.82% of the stock is owned by institutional investors and hedge funds.

Banzai International Company Profile

Banzai International, Inc, a marketing technology company, provides data-driven marketing and sales solutions for various businesses in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. Its products include Demio, a browser-based webinar platform with data and marketing features designed to help businesses engage with their audience through live events and on-demand, interactive video content; Boost, a software-as-a-service (SaaS) solution for social sharing by event registrants; and Reach, a SaaS and managed service to increase registration and attendance of marketing events.