Banzai International (NASDAQ:BNZI) Price Target Raised to $24.00

Banzai International (NASDAQ:BNZI) had its price target raised by Ascendiant Capital Markets from $23.00 to $24.00 in a report issued on Tuesday morning,Benzinga reports. They currently have a buy rating on the stock.

Banzai International Trading Down 16.3%

Shares of Banzai International stock opened at $0.62 on Tuesday. Banzai International has a 1 year low of $0.52 and a 1 year high of $11.60. The company’s fifty day simple moving average is $1.02 and its 200-day simple moving average is $1.47. The company has a market cap of $10.89 million, a price-to-earnings ratio of -0.09 and a beta of -0.51.

Banzai International (NASDAQ:BNZI) last released its earnings results on Tuesday, March 31st. The company reported $1.79 EPS for the quarter, beating the consensus estimate of ($0.59) by $2.38. Banzai International had a negative net margin of 184.96% and a negative return on equity of 429.90%. The firm had revenue of $2.81 million during the quarter, compared to analysts’ expectations of $3.19 million.

Institutional Investors Weigh In On Banzai International

A hedge fund recently raised its stake in Banzai International stock. Geode Capital Management LLC boosted its holdings in shares of Banzai International, Inc. (NASDAQ:BNZI) by 137.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 29,820 shares of the company’s stock after buying an additional 17,260 shares during the period. Geode Capital Management LLC owned about 0.44% of Banzai International worth $29,000 as of its most recent SEC filing. Institutional investors own 96.82% of the company’s stock.

Banzai International Company Profile

Banzai International, Inc, a marketing technology company, provides data-driven marketing and sales solutions for various businesses in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. Its products include Demio, a browser-based webinar platform with data and marketing features designed to help businesses engage with their audience through live events and on-demand, interactive video content; Boost, a software-as-a-service (SaaS) solution for social sharing by event registrants; and Reach, a SaaS and managed service to increase registration and attendance of marketing events.