Brand Engagement Network (NASDAQ:BNAI) Stock Rating Lowered by Wall Street Zen

Brand Engagement Network (NASDAQ:BNAI) was downgraded by stock analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Saturday.

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Brand Engagement Network in a report on Friday, July 17th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, Brand Engagement Network currently has an average rating of “Sell”.

Brand Engagement Network Stock Performance

Shares of BNAI stock opened at $11.16 on Friday. The stock has a market cap of $65.40 million, a P/E ratio of -6.17 and a beta of 0.38. The stock has a 50 day simple moving average of $16.75 and a 200 day simple moving average of $25.20. Brand Engagement Network has a 1 year low of $1.18 and a 1 year high of $86.28.

Brand Engagement Network (NASDAQ:BNAI) last posted its quarterly earnings data on Friday, May 15th. The company reported ($0.51) EPS for the quarter, topping analysts’ consensus estimates of ($1.20) by $0.69. The firm had revenue of $0.10 million for the quarter, compared to analyst estimates of $0.30 million. Brand Engagement Network had a negative return on equity of 235.73% and a negative net margin of 2,189.33%.

Institutional Investors Weigh In On Brand Engagement Network

A number of large investors have recently modified their holdings of the business. Barclays PLC acquired a new position in shares of Brand Engagement Network during the 4th quarter worth $33,000. Themes Management Co LLC bought a new stake in shares of Brand Engagement Network during the 1st quarter worth $2,105,000. Finally, XTX Topco Ltd boosted its stake in Brand Engagement Network by 197.9% in the second quarter. XTX Topco Ltd now owns 73,684 shares of the company’s stock valued at $32,000 after buying an additional 48,951 shares in the last quarter. Institutional investors and hedge funds own 15.80% of the company’s stock.

Brand Engagement Network Company Profile

Brand Engagement Network, Inc provides conversational AI assistants. The company offers security-focused, multimodal communication, and human-like assistants. Its AI assistants are built on proprietary natural language processing, anomaly detection, multisensory awareness, sentiment, and environmental analysis, as well as real-time individuation and personalization capabilities. It serves the automotive, healthcare, and other industries through direct sales force and channel partners. Brand Engagement Network, Inc was formerly known as Blockchain Exchange Network Inc and changed its name to Brand Engagement Network, Inc in April 2023.