Wall Street Zen Upgrades Beneficient (NASDAQ:BENF) to “Hold”

Beneficient (NASDAQ:BENF) was upgraded by research analysts at Wall Street Zen to a “hold” rating in a report issued on Saturday, Wall Street Zen reports.

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Beneficient in a research report on Monday, September 21st. One analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, the company presently has a consensus rating of “Sell”.

Beneficient Price Performance

Shares of Beneficient stock opened at $0.80 on Friday. The company’s fifty day simple moving average is $1.48 and its 200-day simple moving average is $2.71. The stock has a market capitalization of $12.40 million, a PE ratio of -0.11 and a beta of -0.01. Beneficient has a 1-year low of $0.50 and a 1-year high of $9.96.

Beneficient (NASDAQ:BENF) last issued its quarterly earnings data on Friday, August 14th. The company reported ($0.47) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($2.06) by $1.59. The business had revenue of $15.93 million for the quarter, compared to the consensus estimate of $10.16 million. As a group, research analysts anticipate that Beneficient will post -9.50 EPS for the current year.

Institutional Investors Weigh In On Beneficient

An institutional investor recently bought a new position in Beneficient stock. T3 Companies LLC purchased a new position in Beneficient (NASDAQ:BENF) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 43,030 shares of the company’s stock, valued at approximately $59,000. T3 Companies LLC owned 0.28% of Beneficient at the end of the most recent reporting period. Institutional investors and hedge funds own 90.57% of the company’s stock.

About Beneficient

Beneficient (NASDAQ: BENF) is a financial services company that provides liquidity and trust-based solutions for holders of alternative assets. Its platform is designed to help investors access cash from illiquid investments, including private equity, venture capital, real estate, private credit and other privately held assets, without necessarily waiting for those investments to reach maturity or a traditional exit.

The company serves individuals, families, trusts, family offices and certain institutional investors.