Themes Management Co LLC Makes New $2.10 Million Investment in Brand Engagement Network Inc. $BNAI

Themes Management Co LLC acquired a new stake in Brand Engagement Network Inc. (NASDAQ:BNAI) during the first quarter, Holdings Channel.com reports. The institutional investor acquired 55,540 shares of the company’s stock, valued at approximately $2,105,000. Brand Engagement Network comprises 1.3% of Themes Management Co LLC’s investment portfolio, making the stock its 14th biggest position.

Separately, XTX Topco Ltd boosted its holdings in shares of Brand Engagement Network by 197.9% during the second quarter. XTX Topco Ltd now owns 73,684 shares of the company’s stock worth $32,000 after purchasing an additional 48,951 shares during the period. Institutional investors own 15.80% of the company’s stock.

Brand Engagement Network Stock Up 4.5%

NASDAQ:BNAI opened at $11.16 on Friday. The stock has a market cap of $65.40 million, a P/E ratio of -6.17 and a beta of 0.38. The firm’s fifty day simple moving average is $16.75 and its 200 day simple moving average is $25.05. Brand Engagement Network Inc. has a twelve month low of $1.18 and a twelve month high of $86.28.

Brand Engagement Network (NASDAQ:BNAI) last issued its quarterly earnings data on Friday, May 15th. The company reported ($0.51) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($1.20) by $0.69. Brand Engagement Network had a negative net margin of 2,189.33% and a negative return on equity of 235.73%. The business had revenue of $0.10 million for the quarter, compared to the consensus estimate of $0.30 million.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. Weiss Ratings reissued a “sell (e+)” rating on shares of Brand Engagement Network in a research note on Friday, July 17th. Wall Street Zen lowered Brand Engagement Network from a “hold” rating to a “sell” rating in a research report on Saturday. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company presently has an average rating of “Sell”.

Brand Engagement Network Profile

Brand Engagement Network, Inc provides conversational AI assistants. The company offers security-focused, multimodal communication, and human-like assistants. Its AI assistants are built on proprietary natural language processing, anomaly detection, multisensory awareness, sentiment, and environmental analysis, as well as real-time individuation and personalization capabilities. It serves the automotive, healthcare, and other industries through direct sales force and channel partners. Brand Engagement Network, Inc was formerly known as Blockchain Exchange Network Inc and changed its name to Brand Engagement Network, Inc in April 2023.