Bullfrog AI (NASDAQ:BFRG) Announces Quarterly Earnings Results, Beats Expectations By $0.04 EPS

Bullfrog AI (NASDAQ:BFRG) released its quarterly earnings data on Friday. The company reported ($0.07) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.11) by $0.04, Zacks reports. The company had revenue of $0.21 million during the quarter, compared to analyst estimates of $0.21 million.

Bullfrog AI Trading Down 3.9%

Shares of BFRG opened at $0.57 on Friday. Bullfrog AI has a 12-month low of $0.43 and a 12-month high of $2.04. The stock has a market cap of $10.53 million, a P/E ratio of -1.24 and a beta of -2.70. The company has a 50-day moving average of $0.64 and a two-hundred day moving average of $0.69.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Bullfrog AI stock. DRW Securities LLC bought a new stake in Bullfrog AI Holdings Inc. (NASDAQ:BFRG) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 102,062 shares of the company’s stock, valued at approximately $90,000. DRW Securities LLC owned approximately 0.89% of Bullfrog AI as of its most recent filing with the Securities and Exchange Commission. 0.96% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of analysts recently weighed in on BFRG shares. Zacks Research upgraded shares of Bullfrog AI to a “hold” rating in a research note on Friday, June 26th. Wall Street Zen raised Bullfrog AI from a “sell” rating to a “hold” rating in a report on Saturday, July 4th. Finally, Weiss Ratings raised shares of Bullfrog AI from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Monday, August 3rd. One equities research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Bullfrog AI has an average rating of “Reduce”.

About Bullfrog AI

Bullfrog AI, Inc (NASDAQ: BFRG) is a technology company specializing in AI-driven knowledge management and enterprise search solutions. The firm offers a cloud-native platform designed to help organizations surface, organize and analyze unstructured data across multiple sources. By leveraging machine learning, natural language processing and knowledge graph techniques, Bullfrog AI enables users to discover relevant insights from documents, emails, databases and other repositories in real time.

The company’s flagship product is the Bullfrog Enterprise Intelligence Platform, which combines semantic search, contextual relevance ranking and generative AI capabilities.