Bullfrog AI (NASDAQ:BFRG) Announces Earnings Results

Bullfrog AI (NASDAQ:BFRG) announced its earnings results on Friday. The company reported ($0.07) earnings per share for the quarter, topping the consensus estimate of ($0.11) by $0.04, Zacks reports. The company had revenue of $0.21 million for the quarter.

Bullfrog AI Stock Performance

BFRG stock opened at $0.57 on Friday. The company’s 50 day moving average price is $0.64 and its 200 day moving average price is $0.69. The firm has a market capitalization of $10.53 million, a price-to-earnings ratio of -1.05 and a beta of -2.70. Bullfrog AI has a fifty-two week low of $0.43 and a fifty-two week high of $2.04.

Hedge Funds Weigh In On Bullfrog AI

A hedge fund recently bought a new stake in Bullfrog AI stock. DRW Securities LLC acquired a new position in shares of Bullfrog AI Holdings Inc. (NASDAQ:BFRG) in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 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 SEC. 0.96% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

BFRG has been the subject of a number of research analyst reports. Wall Street Zen raised shares of Bullfrog AI from a “sell” rating to a “hold” rating in a research report on Saturday, July 4th. Weiss Ratings upgraded Bullfrog AI from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Monday, August 3rd. Finally, Zacks Research raised Bullfrog AI to a “hold” rating in a research note on Friday, June 26th. One analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Bullfrog AI presently has a consensus rating of “Reduce”.

Bullfrog AI Company Profile

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.