Brand Engagement Network (NASDAQ:BNAI) Raised to “Hold” at Wall Street Zen

Brand Engagement Network (NASDAQ:BNAI) was upgraded by equities research analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research note issued on Saturday.

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

Brand Engagement Network Stock Performance

NASDAQ:BNAI opened at $14.42 on Friday. Brand Engagement Network has a twelve month low of $1.18 and a twelve month high of $86.28. The company has a market cap of $108.01 million, a PE ratio of -9.01 and a beta of 0.44. The company’s 50 day moving average is $15.08 and its two-hundred day moving average is $24.60.

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

Hedge Funds Weigh In On Brand Engagement Network

Several hedge funds and other institutional investors have recently bought and sold shares of the business. BlackRock Inc. acquired a new stake in Brand Engagement Network during the 2nd quarter valued at approximately $5,673,000. XTX Topco Ltd boosted its holdings in shares of Brand Engagement Network by 197.9% in the 2nd quarter. XTX Topco Ltd now owns 73,684 shares of the company’s stock valued at $32,000 after acquiring an additional 48,951 shares during the last quarter. Themes Management Co LLC purchased a new stake in shares of Brand Engagement Network in the 1st quarter valued at $2,105,000. Susquehanna International Group LLP increased its stake in shares of Brand Engagement Network by 426.6% in the second quarter. Susquehanna International Group LLP now owns 37,472 shares of the company’s stock worth $641,000 after acquiring an additional 30,356 shares during the period. Finally, Barclays PLC acquired a new stake in shares of Brand Engagement Network in the fourth quarter worth $33,000. 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.