Banzai International (NASDAQ:BNZI) CEO Joseph Davy Sells 25,490 Shares of Stock

Banzai International, Inc. (NASDAQ:BNZI) CEO Joseph Davy sold 25,490 shares of the firm’s stock in a transaction on Thursday, September 11th. The stock was sold at an average price of $2.40, for a total value of $61,176.00. Following the completion of the transaction, the chief executive officer directly owned 5 shares of the company’s stock, valued at $12. The trade was a 99.98% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Banzai International Stock Up 5.5%

Banzai International stock opened at $3.05 on Friday. Banzai International, Inc. has a one year low of $2.08 and a one year high of $68.90. The business has a fifty day moving average price of $3.01 and a 200-day moving average price of $6.67.

Banzai International (NASDAQ:BNZI) last posted its quarterly earnings results on Thursday, August 14th. The company reported ($3.51) EPS for the quarter, missing analysts’ consensus estimates of ($1.20) by ($2.31). The firm had revenue of $3.26 million during the quarter, compared to analysts’ expectations of $4.00 million.

Institutional Investors Weigh In On Banzai International

A hedge fund recently bought a new stake in Banzai International stock. Virtu Financial LLC purchased a new stake in shares of Banzai International, Inc. (NASDAQ:BNZI) during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 59,710 shares of the company’s stock, valued at approximately $67,000. Virtu Financial LLC owned approximately 0.39% of Banzai International as of its most recent SEC filing. 96.82% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently commented on BNZI shares. Wall Street Zen lowered Banzai International from a “hold” rating to a “sell” rating in a report on Saturday, August 2nd. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Banzai International in a report on Saturday, September 27th. Finally, Taglich Brothers raised Banzai International to a “moderate buy” rating in a report on Monday, July 28th. One equities research analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat, Banzai International presently has a consensus rating of “Hold” and a consensus price target of $260.00.

About Banzai International

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.