Brand Engagement Network (NASDAQ:BNAI) Rating Increased to Hold at Wall Street Zen

Wall Street Zen upgraded shares of Brand Engagement Network (NASDAQ:BNAI) from a sell rating to a hold rating in a research report released on Saturday.

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

Brand Engagement Network Price Performance

NASDAQ BNAI opened at $14.42 on Friday. Brand Engagement Network has a fifty-two week low of $1.18 and a fifty-two week high of $86.28. The stock’s 50-day moving average is $15.08 and its two-hundred day moving average is $24.59. The firm has a market cap of $108.01 million, a P/E ratio of -9.01 and a beta of 0.44.

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

Institutional Investors Weigh In On Brand Engagement Network

Hedge funds have recently modified their holdings of the business. XTX Topco Ltd grew its stake in shares of Brand Engagement Network by 197.9% in the second quarter. XTX Topco Ltd now owns 73,684 shares of the company’s stock worth $32,000 after acquiring an additional 48,951 shares during the last quarter. Barclays PLC bought a new position in Brand Engagement Network during the fourth quarter worth $33,000. Deutsche Bank AG bought a new position in Brand Engagement Network during the second quarter worth $75,000. Bank of New York Mellon Corp acquired a new position in Brand Engagement Network during the 2nd quarter valued at $203,000. Finally, Susquehanna International Group LLP raised its stake in Brand Engagement Network by 426.6% during the 2nd quarter. Susquehanna International Group LLP now owns 37,472 shares of the company’s stock valued at $641,000 after purchasing an additional 30,356 shares during the last quarter. 15.80% of the stock is owned by institutional investors.

About Brand Engagement Network

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.