Brand Engagement Network (NASDAQ:BNAI) Upgraded 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 report issued on Saturday,Wall Street Zen reports.

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

Brand Engagement Network Stock Performance

Shares of BNAI opened at $5.28 on Friday. The firm has a market cap of $39.55 million, a PE ratio of -3.30 and a beta of 0.47. Brand Engagement Network has a twelve month low of $1.18 and a twelve month high of $86.28. The firm’s 50 day moving average price is $10.14 and its 200 day moving average price is $18.72.

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

Hedge Funds Weigh In On Brand Engagement Network

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Engineers Gate Manager LP acquired a new stake in shares of Brand Engagement Network during the 2nd quarter worth approximately $328,000. Susquehanna International Group LLP raised its stake in shares of Brand Engagement Network by 426.6% in the 2nd quarter. Susquehanna International Group LLP now owns 37,472 shares of the company’s stock valued at $641,000 after buying an additional 30,356 shares in the last quarter. BlackRock Inc. acquired a new position in shares of Brand Engagement Network in the 2nd quarter valued at $5,673,000. Deutsche Bank AG acquired a new position in shares of Brand Engagement Network in the 2nd quarter valued at $75,000. Finally, Bank of New York Mellon Corp bought a new position in shares of Brand Engagement Network during the 2nd quarter worth about $203,000. 15.80% of the stock is currently owned by institutional investors.

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.