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

Wall Street Zen upgraded shares of Brand Engagement Network (NASDAQ:BNAI) from a sell rating to a hold rating in a research report sent to investors on Saturday,Wall Street Zen reports.

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

Brand Engagement Network Stock Performance

Brand Engagement Network stock opened at $5.19 on Friday. Brand Engagement Network has a 1 year low of $1.18 and a 1 year high of $86.28. The firm’s 50-day moving average is $10.28 and its 200-day moving average is $19.09. The company has a market cap of $38.87 million, a P/E ratio of -3.24 and a beta of 0.47.

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of BNAI. BlackRock Inc. acquired a new position in shares of Brand Engagement Network during the second quarter worth approximately $5,673,000. Themes Management Co LLC bought a new stake in Brand Engagement Network during the 1st quarter valued at $2,105,000. Susquehanna International Group LLP boosted its position in Brand Engagement Network by 426.6% during the 2nd quarter. Susquehanna International Group LLP now owns 37,472 shares of the company’s stock worth $641,000 after acquiring an additional 30,356 shares during the period. Engineers Gate Manager LP acquired a new position in Brand Engagement Network during the 2nd quarter worth $328,000. Finally, Bank of New York Mellon Corp bought a new position in shares of Brand Engagement Network in the second quarter worth $203,000. Institutional investors own 15.80% of the company’s stock.

Brand Engagement Network Company Profile

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.