Bullfrog AI (NASDAQ:BFRG) Releases Quarterly Earnings Results, Misses Estimates By $0.02 EPS

Bullfrog AI (NASDAQ:BFRG) posted its quarterly earnings results on Friday. The company reported ($0.11) earnings per share for the quarter, missing the consensus estimate of ($0.09) by ($0.02), FiscalAI reports. The firm had revenue of $0.06 million during the quarter, compared to analysts’ expectations of $0.21 million.

Bullfrog AI Trading Down 2.1%

NASDAQ:BFRG traded down $0.01 during trading hours on Friday, reaching $0.54. The company had a trading volume of 92,464 shares, compared to its average volume of 171,148. Bullfrog AI has a 52 week low of $0.43 and a 52 week high of $1.96. The firm has a market cap of $10.04 million, a price-to-earnings ratio of -1.18 and a beta of -2.60. The firm’s 50 day moving average price is $0.56 and its 200-day moving average price is $0.64.

Wall Street Analyst Weigh In

Separately, Weiss Ratings raised Bullfrog AI from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Friday, October 2nd. One investment analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Reduce”.

Insider Buying and Selling at Bullfrog AI

In other news, CFO Joshua Blacher purchased 50,000 shares of the stock in a transaction dated Tuesday, September 22nd. The shares were purchased at an average cost of $0.53 per share, with a total value of $26,500.00. Following the acquisition, the chief financial officer directly owned 65,000 shares of the company’s stock, valued at $34,450. This represents a 333.33% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Vininder Singh purchased 75,000 shares of the company’s stock in a transaction dated Tuesday, September 22nd. The stock was purchased at an average price of $0.60 per share, for a total transaction of $45,000.00. Following the completion of the purchase, the chief executive officer owned 2,442,446 shares in the company, valued at approximately $1,465,467.60. The trade was a 3.17% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. 14.70% of the stock is owned by corporate insiders.

About Bullfrog AI

BullFrog AI Holdings, Inc. is a biotechnology-focused artificial intelligence company that develops machine-learning tools for the healthcare and life sciences industries. The company’s work is centered on using artificial intelligence to analyze complex biomedical data and support more efficient approaches to drug development and precision medicine. Its primary technology platform, bfLEAP, is designed to process and interpret large datasets, including genomic and clinical information. BullFrog AI offers data analysis and related services intended to help pharmaceutical companies, biotechnology firms, researchers and other healthcare organizations identify patterns, potential biomarkers, patient subgroups and other insights that may inform therapeutic development.